Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the Business Update of the Company.
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Bright Outdoor Media Limited, an out-of-home (OOH) advertising company listed on BSE SME, has won a tender from Western Railway to set up a new premium hoarding site at Naigaon Road Over Bridge in Maharashtra. The 7-year contract runs from January 6, 2026 to January 5, 2033 and is being executed through a strategic partnership (JV) with another OOH media company. The back-to-back hoarding structure will offer approximately 1,596.25 sq. ft. of display area, with dimensions around 28.5 ft x 28.5 ft on one side and 28 ft x 28 ft on the other, providing high visibility to commuter and vehicular traffic between Vasai, Virar, and Nala Sopara. The site is positioned in a rapidly growing transit corridor of the Mumbai Metropolitan Region, benefiting from rail and road infrastructure upgrades. This adds to the company's ongoing portfolio of outdoor advertising assets secured through Indian Railway tenders across Mumbai.
This is a positive development for shareholders, adding a long-tenure (7-year) premium advertising asset with no major capital risk as it is being developed through a JV partner. The deal strengthens revenue visibility and expands the company's footprint in a high-growth corridor, though the order size was not disclosed and the company is small-cap on the BSE SME platform, so impact on stock price may be limited.