Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the Business Update of the Company with the heading ....
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Bright Outdoor Media Limited, India's first listed Out-of-Home (OOH) advertising company, has appointed Mr. Mukesh Sharma as its new Chief Executive Officer effective July 12, 2025. Mr. Sharma is a seasoned media professional who previously served as Business Head at Mid-day Infomedia Ltd. He will lead the company's strategic growth, focusing on market share expansion, diversification into new business verticals, and improving profitability. The company, founded in 1980 and headquartered in Andheri, Mumbai, operates 400+ hoardings nationwide and owns 42 of Mumbai's 95 large digital LED billboards. In FY25, the company reported total revenue of ₹128.05 Cr, EBITDA of ₹27.38 Cr, net profit of ₹19.07 Cr, and EPS of ₹13.11.
This external CEO hire from a reputed media firm signals management's intent to professionalize leadership and pursue growth and diversification, which could be viewed positively by investors. However, investors should watch for execution of the stated growth and diversification strategy in upcoming quarters.