Key Decision
Board of Directors of Bright Outdoor Media Limited approved the migration of its equity shares from the BSE SME Platform to the Main Board of BSE Limited and proposed listing on the Main Board of the National Stock Exchange of India Limited (NSE). The decision was made at the board meeting held on Friday, June 12, 2026.
Conditions
Migration is subject to receipt of necessary regulatory and statutory approvals and compliance with applicable laws and regulations.
Company Background
Bright Outdoor Media Limited was listed on the BSE SME Platform on March 24, 2023 through an initial public offering at a fresh issue price of ₹146 per equity share, aggregating to approximately ₹55.48 Cr. The company is the first outdoor media company in India to be listed on the stock exchange.
Business Operations
The company operates in India's out-of-home (OOH) advertising space with multiple formats including traditional outdoor media, digital out-of-home (DOOH), transit advertising, railway and airport media, and integrated brand promotion solutions. The company owns an extensive network of more than 490 hoardings across strategic geographies, including ownership of 50+ of Mumbai's 120+ digital LED billboards (Big Size).
Financial Performance
In H2 FY26, the company reported:
- Total Revenue: ₹92.12 Cr
- EBITDA: ₹20.25 Cr
- Net Profit: ₹13.97 Cr
- EPS: ₹12.98
In FY26, the company reported:
- Total Revenue: ₹155.43 Cr
- EBITDA: ₹35.23 Cr
- Net Profit: ₹24.05 Cr
- EPS: ₹12.26
Strategic Rationale
The migration to Main Boards reflects the company's operational progress and commitment to enhancing visibility among a wider investor base, improving share liquidity, and aligning with the next phase of its long-term growth strategy.
Additional Business Information
Founded in 1980 with 45 years of expertise in OOH advertising. Headquartered in Andheri, Mumbai with strong footprint in key urban markets, particularly Mumbai and Navi Mumbai. The company trades hoardings acquired from government, semi-government & private entities. It has strategic ventures with top advertising companies and contracts across all major transit areas.
Sustainability Initiative
The company is the first in the world to install solar panels on hoardings, supplying electricity to Indian Railways through a joint venture partner.
Disclaimer
The document contains forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and other factors. The company undertakes no obligation to publicly update these forward-looking statements.