Esha Media Research Limited has announced a revision to its open offer schedule, extending the closure date to January 28, 2026, due to a public holiday declared in Mumbai. The corrigendum was issued by Choice Capital Advisors Private Limited, acting as the manager to the offer on behalf of acquirer Opulus Bizserve Private Limited.

Open Offer Details

The open offer targets the acquisition of up to 22,89,802 fully paid equity shares of face value ₹10.00 each, representing 26.00% of the company's emerging voting share capital on a fully diluted basis. The offer price remains fixed at ₹15.00 per equity share, payable in cash according to SEBI (SAST) Regulations.

Schedule Revision Due to Public Holiday

The Government of Maharashtra declared January 15, 2026, as a public holiday in Mumbai for BMC elections, necessitating the schedule revision. The key change affects the offer closing date, which has been moved from January 15, 2026, to January 28, 2026.

Revised Timeline

The updated schedule maintains most original dates while adjusting subsequent activities to accommodate the extended closure period:

Background and Regulatory Framework

The open offer follows a Share Purchase Agreement executed on August 06, 2025, between the acquirer and promoter group members Jyoti Mahadev Babar, Sakshi Samir Parab, and Shilpa Samir Parab. The sellers agreed to transfer 1,50,000 fully paid-up equity shares constituting 1.92% of the company's paid-up capital.

The target company's board authorized the issue and allotment of equity shares and convertible warrants to Opulus Bizserve Private Limited through preferential allotment, subject to shareholder approval. The detailed public statement was originally published on August 13, 2025, with the pre-offer advertisement published on January 12, 2026.

Eligibility and Participation

All equity shareholders of the target company, whether registered or unregistered, remain eligible to participate in the offer before closure, except the acquirer, sellers, promoters, and promoter group members. Shares under lock-in held by persons other than promoters cannot be tendered and will not be accepted if submitted.

The corrigendum emphasizes that the identified date of December 30, 2025, serves only to determine shareholders eligible to receive the Letter of Offer via email, while participation remains open to all qualifying shareholders until the offer closes.

Esha Media Research Limited has announced the scheduling of its board meeting to review quarterly financial performance for the third quarter of fiscal year 2026. The company has formally notified BSE Limited about this important corporate governance milestone in compliance with regulatory requirements.

Board Meeting Details

The company has provided comprehensive details about the upcoming board meeting through its official communication to the stock exchange.

Meeting Agenda and Purpose

The board meeting has been convened with specific objectives related to the company's quarterly financial disclosure obligations. The primary agenda items include consideration, approval, and recording of the unaudited financial results for the quarter ended December 31, 2025. Additionally, the board will review the Limited Review Report accompanying these financial results.

Regulatory Compliance Framework

This announcement demonstrates Esha Media Research Limited's adherence to corporate governance standards and regulatory compliance requirements. The notification was made pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior intimation of board meetings to stock exchanges.

Corporate Information

The communication was signed by Shilpa Vinod Pawar, Whole-time Director of Esha Media Research Limited, with DIN 01196385. The company, incorporated with CIN L72400MH1984PLC322857, maintains its corporate communication through established channels and continues to fulfill its disclosure obligations to stakeholders and regulatory authorities.