Multibagger penny stock under Rs 25 hit upper circuit as Opulus Bizserve to acquire 26% stake in this micro-cap company via open offer; becoming a new promoter!

The Board of Directors of Esha Media Research Limited, in a meeting held on Wednesday, August 06, 2025, approved a proposal to increase the authorised share capital from the existing Rs 13,00,00,000 (1,30,00,000 equity shares) to Rs 35,00,00,000 (3,50,00,000 equity shares), each with a face value of Rs 10. This is subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM). Additionally, the board approved a preferential issue of 10,00,000 Equity Shares at Rs 15 per share (including a Rs 5 premium), totalling Rs 1,50,00,000, to a single non-promoter investor.

Furthermore, the Board approved the preferential issue of 2,39,00,000 Convertible Warrants at Rs 15 per warrant (including a Rs 5 premium), aggregating to Rs 35,85,00,000, to 12 non-promoter investors. Each warrant is convertible into one equity share within 18 months, with 25 per cent of the warrant price payable upon allotment and the remaining 75 per cent upon conversion. The allottees have confirmed compliance with SEBI Takeover Regulations, including a commitment not to convert warrants until after the tenth working day from the closure of any proposed Open Offer. An EGM to seek shareholder approval for these resolutions will be held on Monday, September 01, 2025, at 11:00 a.m. (IST) via video conferencing. Opulus Bizserve to acquire 26 per cent stake in this company via open offer; becoming a new promoter.

Esha Media Research Ltd, established in 1984, specialises in television media monitoring and analysis. The company tracks over 140 television channels in various Indian languages, employing sophisticated equipment to record, retrieve, transcribe and translate content, delivering reports through various formats, including web uploads. Beyond its core media monitoring, EMRL offers a range of services such as premium research, stock market vigilance, corporate image monitoring, sports brand/logo visibility monitoring and crisis management, providing comprehensive insights into media presence and public perception.

On Thursday, shares of Esha Media Research Ltd hit a 5 per cent upper circuit to Rs 21.99 per share from its previous closing of Rs 20.95 per share. The stock’s 52-week high of Rs 23.43 per share and its 52-week low is Rs 8.80 per share. The company has a market cap of Rs 17.17 per share and the stock has given multibagger returns of over 160 per cent from its 52-week low of Rs 8.80 per share.

Disclaimer: The article is for informational purposes only and not investment advice.