NCLT Approves Merger Scheme for Cyber Media (India) Ltd and Cyber Media Research & Services Ltd
NCLT has approved the merger scheme between Cyber Media (India) Limited and Cyber Media Research & Services Limited. Meetings for unsecured creditors and equity shareholders will be convened. The appointed date for the merger is April 1, 2026. The share exchange ratio is 35:8.
A merger between two companies is a significant corporate action that can fundamentally alter the business structure, operational efficiency, and financial standing of the combined entity.
The NCLT's approval of the merger scheme is a positive development for the company, paving the way for potential synergies and improved financial performance.
Cyber Media (India) Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Delhi Bench, has passed an order dated October 16, 2026, allowing the Joint Application of First Motion in relation to the Scheme of Merger of Cyber Media Research & Services Limited (Transferor Company) into Cyber Media (India) Limited (Transferee Company).
The NCLT order, uploaded on October 22, 2026, dispensed with the meetings of the Secured Creditors of both the Transferor and Transferee Companies. However, it directed the convening of meetings for the Unsecured Creditors and Equity Shareholders of both companies.
The merger aims to strategically position the merged entity as a single provider of marketing solutions, leveraging the strengths of both companies. Cyber Media (India) Limited is a well-established media and content services provider, while Cyber Media Research & Services Limited operates in ad tech and data analytics. The merger is expected to enhance profitability, break down silos for cross-selling and upselling, strengthen decision-making, increase market capitalization, and improve cost management through operational synergies and reduced administrative expenses.
The Appointed Date for the Scheme is April 1, 2026. The share exchange ratio is 35 Equity Shares of Cyber Media (India) Limited (Rs. 10 each) for every 8 Equity Shares of Cyber Media Research & Services Limited (Rs. 10 each). The NCLT has appointed Rahul Bhatnagar IAS (Retd) as Chairperson and Sameer Ali as Scrutinizer for the upcoming meetings, with fees of Rs. 3,00,000 and Rs. 1,50,000 respectively, to be borne by the Applicant Companies.
What to do with a filing like this
Cyber Media (India) Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Cyber Media (India) Limited. Read the original for the full detail.