Cyber Media India Ltd Receives Merger Scheme Observation Letters

Cyber Media India Ltd (CMIL) has received observation letters from both BSE Limited and the National Stock Exchange of India Limited (NSE) regarding its proposed Scheme of Merger. This follows earlier board approval and subsequent filings made on January 31, 2026. The observation letters, received on June 25, 2026, indicate "no adverse observations" from BSE and "No objection" from NSE. The scheme is a composite arrangement between Cyber Media Research & Services Limited (Transferor Company) and Cyber Media (India) Limited (Transferee Company). SEBI has also provided comments on the draft scheme, emphasizing compliance with listing regulations, disclosure of ongoing proceedings, and proper financial reporting. The merger remains subject to further regulatory and other necessary approvals.