Cyber Media Entities Receive No Objection from NSE and BSE for Merger Scheme

Cyber Media Entities Receive No Objection from NSE and BSE for Merger Scheme​

Cyber Media (India) Ltd announced that it has secured key endorsements regarding the proposed merger scheme involving Cyber Media Research & Services Limited and Cyber Media (India) Limited. The company confirmed receipt of observation letters from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), indicating no adverse observations and 'No objection' respectively, allowing the companies to proceed with filing the scheme before the National Company Law Tribunal (NCLT).

The approvals pertain to the Scheme of Merger between Cyber Media Research & Services Limited, identified as the Transferor Company, and Cyber Media (India) Limited, designated as the Transferee Company.

Exchange Observations Secured​

Cyber Media (India) Ltd reported that it had filed applications with BSE and NSE on January 31, 2026, seeking their observations or no objection to the proposed scheme.

The company received the following clearances on June 25, 2026:

• BSE: Issued an Observation Letter stating 'no adverse observations.'
• NSE: Provided a "No objection" letter.

These exchanges' input is required in relation to the companies' merger scheme, which involves their respective shareholders and creditors under sections 230 to 232 of the Companies Act, 2013.

Regulatory Inputs on Draft Scheme​

The process involved multiple regulatory reviews, including commentary from SEBI on the draft scheme of arrangement.

Key requirements noted during the review process by regulators included:

• Ensuring compliance with relevant listing obligations and disclosure rules.
• Mandatory disclosure of all details related to any ongoing adjudication or recovery proceedings, prosecution initiated, or enforcement action taken against the companies, their promoters, and directors before the NCLT and shareholders.
• Required updates on the financial health and corporate structure, including capital build-up and details of revenue, Profit After Tax (PAT), and EBITDA for both entities for the last three years.
• Disclosing all actions taken or initiated against the companies involved in the scheme, along with their status.

The NSE confirmed that its 'No objection' was subject to a six-month validity period from June 25, 2026, within which the Scheme must be submitted to the NCLT. The exchanges also noted that they reserved the right to raise objections if any information provided was found incomplete, incorrect, misleading, or false.

CYBERMEDIA Stock Price Movement​

On Thursday, shares of Cyber Media (India) Limited slipped 1.65%, closing at ₹16.74 after shedding ₹0.28 from the previous session's close. The stock saw a modest trading volume of 2,080 shares as it settled significantly lower from its prior day’s price of ₹17.02.