Esha Media Research Open Offer Sees Minimal Response

Esha Media Research Limited's open offer by Opulus Bizserve Private Limited received only 1 share tender against 22,89,802 shares offered at ₹15.00 per share, resulting in actual consideration of just ₹15.

Esha Media Research Open Offer Closure Extended to Jan 28

Esha Media Research Limited's open offer closure date has been revised to January 28, 2026, due to a public holiday declared in Mumbai for BMC elections, with the offer price remaining at ₹15.00 per share.

Esha Media Research Board Meet Set for Feb 13, 2026

Esha Media Research Limited has scheduled a board meeting on February 13, 2026, to consider and approve unaudited financial results for Q3FY26 ended December 31, 2025.

Esha Media Research Reports Loss and Financial Challenges in Latest Results

Esha Media Research Limited reported a net loss of Rs. 83.53 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs. 40.70 lakhs in the previous quarter. For the half-year period, the company posted a loss of Rs. 124.23 lakhs versus Rs. 42.01 lakhs in the same period last year. The company's revenue from operations was Rs. 53.70 lakhs for the half-year. The auditors issued a qualified opinion highlighting outstanding interest-free unsecured loan liability of Rs. 769.68 lakhs from ex-directors and members, with the company in discussions for potential waiver. The auditors also noted material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses, fully eroded net worth, and current liabilities exceeding current assets. The company has received commitment from promoters for fund infusion as required. The Board also reviewed the internal audit report and approved the unaudited half-yearly financial results.

Opulus Bizserve Launches Open Offer to Acquire 26% Stake in Esha Media Research at ₹15 Per Share

Opulus Bizserve Private Limited has announced a mandatory open offer to acquire up to 22,89,802 equity shares (26%) of Esha Media Research Limited at ₹15 per share, totaling ₹3.43 crores. The offer follows Opulus Bizserve's planned acquisition of 1,50,000 shares through a Share Purchase Agreement at ₹14 per share and subscription to 10,00,000 equity shares via preferential allotment at ₹15 per share. Post-transaction, Opulus Bizserve will hold 33.57% of the emerging voting capital, triggering the mandatory offer under SEBI regulations. The company also plans to subscribe to 70,00,000 convertible warrants. Esha Media Research operates in media monitoring and consumer intelligence solutions. The tendering period is scheduled from October 1-15, 2025, with an extraordinary general meeting planned for September 1, 2025, to approve the preferential issue.