Bright Outdoor Media Limited has made a regulatory disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing significant corporate developments.

Key Corporate Developments

The company has received in-principle approval from BSE for migration from the BSE SME Platform to the BSE Main Board. Additionally, the company's listing on the Main Board of the National Stock Exchange of India (NSE) is scheduled for November 6, 2026.

Historical Context

The company was originally listed on the BSE SME Platform on March 24, 2023, becoming the first Out-of-Home (OOH) advertising company to get listed on the stock exchange.

Business Expansion and Operational Highlights

Since its listing in March 2023, the company has expanded its business operations through:

  • Securing the Navi Mumbai Metro Line advertising tender
  • Securing and operating the Vile Parle to Kandivali Railway Road Over Bridge (ROB) advertising tender with Indian Railways
  • Operating more than 50 large-format Digital LED Billboards across strategic locations
  • Expanding owned inventory of traditional hoardings and digital displays

New Business Initiative

The company launched Bright 360, an initiative aimed at offering end-to-end branding and advertising solutions to clients, covering different aspects of brand visibility, promotion and advertising.

Financial Performance

The disclosure includes the following financial figures:

  • H2 FY26: Total Revenue of ₹92.12 Cr, EBITDA of ₹20.25 Cr, Net Profit of ₹13.97 Cr, EPS of ₹12.98
  • FY26: Total Revenue of ₹155.43 Cr, EBITDA of ₹35.23 Cr, Net Profit of ₹24.05 Cr, EPS of ₹12.26

Management Commentary

Dr. Yogesh Lakhani, CMD of Bright Outdoor Media Limited, commented on the achievements, stating that the migration approval and NSE listing mark another significant milestone in the company's journey. He emphasized the company's vision to strengthen its presence across India's OOH advertising landscape, expand traditional and digital advertising networks, and explore new opportunities across government and private sectors.

Company Background

Founded in 1980 and headquartered in Andheri, Mumbai, Bright Outdoor Media Limited has 45 years of expertise in OOH advertising. The company operates an extensive network of more than 1350 hoardings and owns 50+ of Mumbai's 120+ digital LED billboards. The company is also the first in the world to install solar panels on hoardings, supplying electricity to Indian Railways through a JV partner.