Bright Outdoor Media Debuts on BSE NSE Mainboards

Key Corporate Development

Bright Outdoor Media Limited successfully listed on the Main Boards of BSE and NSE on November 6, 2026. This transition marks the company's move from the BSE SME Platform where it had been listed since March 24, 2023. The company maintains its distinction as India's first listed outdoor media company.

Company Background and Operations

Founded in 1980 and headquartered in Andheri, Mumbai, the company has over four decades of experience in the Out-of-Home (OOH) advertising industry. Current operational footprint includes:

1,350+ hoardings across strategic geographies
50+ large-format Digital LED Billboards in Mumbai
Operations include trading in hoardings acquired from government, semi-government and private entities
Participation in major projects including Navi Mumbai Metro Line advertising tender and Vile Parle to Kandivali Railway Road Over Bridge (ROB) advertising tender with Indian Railways

Financial Performance

H2 FY26 Financial Results:

Total Revenue: ₹92.12 Crore
EBITDA: ₹20.25 Crore
Net Profit: ₹13.97 Crore
EPS: ₹12.98

Full Year FY26 Financial Results:

Total Revenue: ₹155.43 Crore
EBITDA: ₹35.23 Crore
Net Profit: ₹24.05 Crore
EPS: ₹12.26

Growth Strategy and Future Initiatives

Bright 360 Initiative: Expansion beyond conventional outdoor advertising to develop integrated branding and advertising solutions, bringing multiple advertising formats under one platform.

Future Priorities:

Expanding advertising infrastructure through additional hoardings and premium advertising sites
Strengthening digital capabilities with focus on Digital LED advertising
Exploring government and infrastructure opportunities across public infrastructure and railway networks
Developing integrated advertising solutions through Bright 360
Expanding market reach across new geographies and customer segments
Sustainability-led initiatives including solar-powered advertising infrastructure

Management Commentary

Dr. Yogesh Lakhani, CMD, stated that the mainboard listing reflects the company's journey and collective efforts of the team, clients, partners and stakeholders. The company aims to build a larger and more diversified outdoor advertising business with focus on digital innovation and integrated advertising solutions.

Additional Business Operations

The company has undertaken sustainability initiatives including installation of solar panels on hoardings to supply electricity to Indian Railways through a joint venture partner. The company also maintains real estate operations as part of its diversified business interests.

Registered Office Details

801, 8th floor, Crescent Tower, near Morya House, opp. Off Link Road, Veera Desai Industrial Estate, Andheri West, Mumbai, Maharashtra 400053 | CIN - L74300MH2005PLC156444

Investor Contact Information

Kirin Advisors Private Limited

Sunil Mudgal – Director

sunil@kirinadvisors.com

ir@kirinadvisors.com

+91 98692 75849