Bright Outdoor Media Ltd has received shareholder approval to migrate its equity shares from the BSE SME platform to the main board of BSE Limited and to list its shares on the main board of the National Stock Exchange of India. The resolutions were passed via a postal ballot conducted through remote e-voting, which concluded on July 16, 2026. The migration marks a significant step for the company as it transitions to a larger trading platform.

The postal ballot notice dated June 12, 2026, was sent to shareholders for the approval of two agenda items. The voting process was managed by Bigshare Services Pvt Ltd, with the remote e-voting facility open from June 17, 2026, to July 16, 2026. The scrutinizer, CS Nikunj Kanabar & Associates, verified the voting results to ensure compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Migration to Main Board

The special resolution for the migration of listing and trading of equity shares received approval from public shareholders. A total of 211,500 votes were cast in favour of the resolution, representing 100% of the valid votes polled. Promoters and promoter group did not vote on this resolution in accordance with SEBI regulations. The resolution was passed with the requisite majority.

Appointment of Independent Director

Shareholders also approved the appointment of Ms. Kajal A Avalani (DIN: 11765598) as an independent director of the company. This ordinary resolution received 15,466,834 votes in favour, constituting 100% of the total votes polled. The resolution was passed with the requisite majority, with no votes cast against it.

The scrutinizer's report confirmed that both resolutions were passed with the required majority. The voting results were disclosed to the BSE SME Platform on July 17, 2026. The company's management is now responsible for implementing the approved changes, including the formal listing procedures on the main boards of both exchanges.

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.