Bright Outdoor Media to Migrate to Main Board, Direct Listing Proposed

Bright Outdoor Media Limited, India's first listed out-of-home advertising company, is preparing to migrate from the BSE SME platform to the main board of BSE, alongside a proposed direct listing on the National Stock Exchange. The company's Board approved this proposed migration on June 12, 2026, and it remains subject to shareholder and regulatory approvals. For the year ended March 31, 2026, the company reported Revenue from Operations of ₹153 Cr, with the business showing a nil debt-to-equity ratio.

The company's financial performance for the year ended March 31, 2026, showed a Return on Equity of 12.96% and a Return on Capital Employed of 17.58%. In FY26, digital LED screens contributed ₹44.97 Cr to the company's revenue, accounting for 29.39% of the total.