Bright Outdoor Media Limited has expanded its advertising footprint in the Mumbai Metropolitan Region by commissioning a new hoarding at the Mira-Bhayandar corridor on the Western Express Highway. The new asset, measuring 30 ft. x 30 ft. on both the front and back faces, adds 1,800 sq. ft. of high-impact inventory to the company's portfolio. This strategic expansion enhances visibility for advertisers targeting one of the busiest transit routes connecting Mumbai with cities such as Ahmedabad, Surat, and Vadodara.

The latest launch follows the installation of two hoardings near Dara's Dhaba last month, each measuring 40 ft. x 30 ft. With the addition of this third unit, advertisers now have access to a total of 6,600 sq. ft. of premium space at the location. The company noted that brands can opt for a set of three back-to-back hoardings to create a dominant presence across the stretch, benefiting from exposure to lakhs of commuters daily.

Dr. Yogesh Lakhani, Chairman and Managing Director of Bright Outdoor Media Limited, stated that the new offering allows brands to book all three hoardings together for a road-blocking impact. He emphasized that the large-format presence provides stronger brand recall and a commanding market presence for advertisers.

Financial Performance

The company disclosed its financial results for the recent fiscal periods. In H2 FY26, Bright Outdoor Media reported a total revenue of ₹ 92.12 Cr, an EBITDA of ₹ 20.25 Cr, and a net profit of ₹ 13.97 Cr. The Earnings Per Share (EPS) for the half-year stood at ₹12.98.

For the full financial year FY26, the company achieved a total revenue of ₹ 155.43 Cr. The EBITDA for the year was ₹35.23 Cr, with a net profit of ₹24.05 Cr. The EPS for FY26 was reported at ₹12.26.

Key Financial Metrics

About Bright Outdoor Media Limited

Founded in 1980 and headquartered in Andheri, Mumbai, Bright Outdoor Media Limited operates an extensive network of over 1,300 OOH and DOOH displays. The company owns more than 50 of Mumbai's 120-plus digital LED billboards and trades hoardings acquired from government and private entities. It was the first outdoor media company in India to be listed on the stock exchange, debuting on the BSE SME platform on March 24, 2023.

Bright Outdoor Media Limited has published the postal ballot notice in newspapers, including the Financial Express and Sakal, for its proposal to migrate equity shares from the BSE SME Platform to the main boards of BSE Limited and the National Stock Exchange of India Limited. The remote e-voting process commenced on June 17, 2026, at 9:00 a.m. IST and will conclude on July 16, 2026, at 5:00 p.m. IST. This transition aims to enhance liquidity, visibility, and market capitalization for the company's shares, subject to regulatory compliance and shareholder approval through a special resolution.

The company has fixed June 12, 2026, as the cut-off date to determine shareholder eligibility for voting. M/s. Nikunj Kanabar & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to oversee the process. The results of the voting will be declared on or before July 21, 2026, at the company's Registered Office. The resolution requires that votes cast by non-promoter shareholders in favour must be at least two times the votes cast against the proposal, as per Regulation 277 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Migration and Appointment Details

The Board of Directors, in its meeting held on June 12, 2026, approved the migration proposal and the draft Postal Ballot Notice. Additionally, the board recommended the appointment of Ms. Kajal A Avalani as an Independent Director for a term of five years effective June 12, 2026. Shareholders will also vote on this appointment via an ordinary resolution. Ms. Avalani, aged 47, holds a Bachelor’s Degree and possesses over ten years of experience in accounting and finance.

Key Event Schedule

The company reported a total revenue of ₹155.43 Cr, EBITDA of ₹35.23 Cr, and net profit of ₹24.05 Cr for FY26. Originally listed on the BSE SME Platform on March 24, 2023, via an initial public offering at ₹146 per share, the company now seeks to leverage its operational growth by moving to the main board to facilitate wider investor participation.