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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of Bright Outdoor Media (India's first listed OOH/advertising company on BSE SME) approved a bonus issue in the ratio of 1 bonus share for every 2 shares held, totalling 72,74,390 new equity shares worth about Rs. 7.27 crore, to be issued from free reserves. The Board also recommended a 5% dividend (Rs. 0.50 per share) for FY25, subject to shareholder approval. Audited FY25 results showed revenue from operations rising to Rs. 12,674.55 lakh from Rs. 10,667.89 lakh in FY24, with profit after tax at Rs. 1,907.50 lakh (up from Rs. 1,603.83 lakh) and EPS of Rs. 13.11. The company increased its authorized share capital from Rs. 15 crore to Rs. 22 crore to accommodate the bonus issue, and appointed a new internal auditor and secretarial auditor for FY26 onwards.
Shareholders will receive 1 free share for every 2 held, which increases total share count by 50% but proportionally reduces per-share value, leaving overall holdings unchanged in rupee terms. The 5% dividend and bonus issue signal confidence in cash generation and reserves (Rs. 64.67 crore available), which may be received positively by the market.