Cyber Media (India) Limited has received “no adverse observations” from BSE Limited and “No objection” from National Stock Exchange of India Limited regarding its proposed merger with Cyber Media Research & Services Limited. The exchanges issued their observation letters on June 25, 2026, following the company's application filed on January 31, 2026, under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory clearance allows the company to proceed with filing the scheme with the National Company Law Tribunal (NCLT).

The merger involves Cyber Media Research & Services Limited as the Transferor Company and Cyber Media (India) Limited as the Transferee Company. The observation letters are valid for six months from June 25, 2026, within which the scheme must be submitted to the NCLT. The exchanges have stipulated that the company must incorporate their observations into the petition filed before the tribunal.

Regulatory Conditions and Disclosures

The exchanges have outlined specific conditions the company must meet. These include ensuring the proposed composite Scheme of Arrangement complies with Regulation 11 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company must disclose all details of ongoing adjudication, recovery proceedings, and prosecution initiated against the company, its promoters, and directors before the NCLT and shareholders.

Additionally, the company is required to ensure that all liabilities of the Transferor Company are transferred to the Transferee Company. The Transferee Company must also take necessary steps to complete the listing of securities and commence trading within sixty days of receiving the NCLT order.

Enhanced Shareholder Disclosures

To enable shareholders to make an informed decision, the company must provide comprehensive disclosures in the explanatory statement sent to shareholders. These disclosures include a small explanation of the scheme, the rationale for the merger, synergies, and a cost-benefit analysis. The company must also disclose the details of the Registered Valuer issuing the Valuation Report and the Merchant Banker issuing the Fairness Opinion, along with a summary of methods considered for arriving at the Share-Swap Ratio.

The company must also disclose the latest financials of both entities, not older than six months from the date of the Stock Exchange's No Objection Certificate, on its website and in the explanatory statement. Other mandatory disclosures include pre and post-scheme shareholding, capital build-up for the last three years, and details of revenue, PAT, and EBITDA for the last three years.

The Board of Directors had initially approved a name change from 'Cyber Media (India) Limited' to 'Cybermedia Network Limited' on May 06, 2026. However, the Board decided on June 19, 2026, to postpone this initiative until the merger with Cyber Media Research & Services Limited is completed. The information was disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cyber Media (India) Limited's Board of Directors, at its meeting held on May 06, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee on May 1, 2026 prior to board approval. Statutory auditor M/s. S. Agarwal & Co. (Firm Registration No. 000808N) issued an unmodified audit opinion on both standalone and consolidated financial results. Subsequently, pursuant to Regulation 30 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published advertisements in Financial Express (English Edition) and Jansatta (Hindi Edition), both dated May 07, 2026, disclosing the approval of the audited financial results for the quarter and year ended March 31, 2026.

Consolidated Financial Performance

Cyber Media (India) Limited reported a marked improvement in consolidated financials for the year ended March 31, 2026. Consolidated income from operations rose to ₹10,326.99 lakhs from ₹8,672.08 lakhs in the previous year. Total income, including other income of ₹131.79 lakhs, stood at ₹10,458.78 lakhs against ₹8,765.06 lakhs in the prior year. The company swung to a consolidated profit for the period of ₹390.08 lakhs compared to a loss of ₹972.84 lakhs in the prior year. Total comprehensive income (net of tax) for the year was ₹370.66 lakhs versus a loss of ₹982.79 lakhs in the prior year. Profit attributable to owners was ₹151.02 lakhs against a loss of ₹1,121.21 lakhs in the prior year. The net profit before tax and exceptional items stood at ₹546.81 lakhs compared to a loss of ₹20.44 lakhs in the prior year, while paid-up equity share capital as at March 31, 2026 stood at ₹2,062.07 lakhs.

The following table summarises the consolidated financial results:

Segment-Wise Performance

The Digital Services segment was the primary growth driver for the consolidated entity, with revenue rising to ₹9,014.73 lakhs from ₹7,542.12 lakhs in the prior year. The Media Services segment recorded revenue of ₹1,312.25 lakhs compared to ₹1,129.96 lakhs in the prior year. In terms of segment results, Digital Services contributed ₹436.53 lakhs versus ₹287.92 lakhs in the prior year, while Media Services turned profitable at ₹148.25 lakhs against a loss of ₹1,123.14 lakhs in the prior year.

Standalone Financial Performance

On a standalone basis, Cyber Media (India) Limited reported income from operations of ₹1,312.25 lakhs compared to ₹1,129.96 lakhs in the prior year. Total standalone income stood at ₹1,462.74 lakhs against ₹1,238.82 lakhs in the prior year. The company posted a standalone profit for the period of ₹54.64 lakhs versus a loss of ₹1,191.56 lakhs in the prior year. Total standalone comprehensive income (net of tax) was ₹37.12 lakhs against a loss of ₹1,193.66 lakhs in the prior year. Basic and diluted EPS on a standalone basis stood at ₹0.34 compared to ₹(7.61) in the prior year.

The following table presents the standalone financial highlights:

Balance Sheet and Cash Flow Highlights

The consolidated balance sheet as at March 31, 2026 reflected total assets of ₹4,515.17 lakhs versus ₹4,598.88 lakhs as at March 31, 2025. Total equity improved to ₹467.95 lakhs from ₹(627.09) lakhs in the prior year. Cash and cash equivalents on a consolidated basis stood at ₹369.55 lakhs as at March 31, 2026, compared to ₹436.13 lakhs as at March 31, 2025. Net cash used in operating activities was ₹(329.87) lakhs, while net cash generated from financing activities was ₹392.12 lakhs, supported in part by proceeds from the rights issue. On a standalone basis, total assets stood at ₹1,117.54 lakhs as at March 31, 2026 versus ₹1,111.58 lakhs in the prior year, with standalone cash and cash equivalents of ₹12.84 lakhs compared to ₹4.81 lakhs in the prior year.

Corporate Developments

The Board approved several significant corporate actions at its May 06, 2026 meeting:

• Name Change: The Board approved a proposal to change the company's name from CYBER MEDIA (INDIA) LIMITED to CYBERMEDIA NETWORK LIMITED, subject to approval from the Ministry of Corporate Affairs and members of the company. A subsequent clarification filing dated May 08, 2026 confirmed that an inadvertent error had occurred in the original outcome disclosure, and the corrected proposed name is CYBERMEDIA NETWORK LIMITED.
• Internal Auditor Re-appointment: M/s. CMG & Company, Chartered Accountants (Firm Registration No. 024962N), Delhi, was re-appointed as Internal Auditor for the financial year 2026-27.
• Merger Pending: The merger application for the scheme of arrangement under sections 230 to 232 of the Companies Act, 2013, for the merger of Cyber Media Research & Services Limited with Cyber Media (India) Limited, is pending approval from SEBI and stock exchanges. The scheme is proposed to be effective from the appointed date of April 01, 2026, subject to receipt of all regulatory approvals.

Rights Issue Update

The company conducted a rights issue with a total issued size of 62,66,897 equity shares at an issue price of ₹15.80 per share (including a premium of ₹5.80), aggregating to ₹990.17 lakhs. The subscribed size was 51,62,479 equity shares amounting to ₹815.67 lakhs. The Rights Issue Committee, at its meeting on April 11, 2026, approved the forfeiture of 1,71,329 remaining unpaid partly paid-up equity shares; the forfeiture process is currently under progress. Total right issue proceeds of ₹799.00 lakhs were fully utilised across working capital requirements, conversion of outstanding loans to equity, general corporate purposes, and issue-related expenses, with no deviation reported.

The consolidated financial results include subsidiaries Cyber Media Research & Services Limited, Cyber Astro Limited, Cyber Media Services Limited, and Cyber Media Services Pte. Limited (Singapore). The results were prepared in accordance with Ind AS-34 and comply with Regulation 33 of the SEBI Listing Regulations.