Esha Media Research Limited has announced several key corporate actions following a Board of Directors meeting on November 4, 2026. The company will undergo a name change to Emergent Media Research Labs Limited, subject to approvals. Additionally, its registered office will be relocated within Mumbai. A significant financial move includes the approval for the conversion of 52,50,000 warrants into equity shares, increasing the company’s issued share capital.
Key Corporate Announcements by Esha Media Research
Esha Media Research Limited has revealed several significant developments stemming from its Board of Directors meeting held on Wednesday, November 4, 2026. These decisions, made in accordance with SEBI regulations, aim to reposition and strengthen the company’s operational and financial standing.
Company Name Change Approved
The Board has approved a proposal to change the company’s name from Esha Media Research Limited to Emergent Media Research Labs Limited. This change is contingent upon the approval of the shareholders and other competent authorities, including the Registrar of Companies. The new name reflects a potential strategic shift or rebranding initiative for the company.
Registered Office Relocation
In a move to optimize its operational infrastructure, the company’s registered office will be shifted within Mumbai. The new address will be 4th Floor, Vakrangee Corporate House, Plot No.93, Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai – 400093. The current office is located at T 14-16, A Wing, 2nd Floor, Satyam Shopping Centre, Ghatkopar (E), Mumbai – 400077. The relocation is within local limits.
Warrant Conversion into Equity
A major financial resolution involves the approval for the conversion of 52,50,000 warrants into an equal number of fully paid-up equity shares. Each share will have a face value of ₹10. This conversion is expected to increase the company’s issued, subscribed, and paid-up equity share capital from approximately ₹8.80 crore to over ₹14.05 crore. The conversion is subject to the receipt of the balance consideration from the warrant holders. The table below details the conversion specifics:
| Name of the Allottee | Category | No. of warrants held (prior to conversion) | No. of warrants applied for conversion | No. of Equity Shares allotted | Amount received being 75% of the issue price per warrant | No. of warrants pending conversion |
|---|---|---|---|---|---|---|
| Wealthwave Capital Fund Parijata Trading Pvt Ltd | Non-Promoter | 30,00,000 | 30,00,000 | 30,00,000 | 3,37,50,000 | NIL |
| Non-Promoter | 22,50,000 | 22,50,000 | 22,50,000 | 2,53,12,500 | NIL | |
| Total | 52,50,000 | 52,50,000 | 52,50,000 | 5,90,62,500 |
The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the Company. This conversion will result in the total equity shares increasing to 1,40,56,930 shares of ₹10 each.
Leadership and Committee Changes
The Board also approved the appointment of Ms. Shreya Agrawal as the new Chief Executive Officer (CEO) and Mrs. Gauri Pushkar Khire as the Company Secretary and Compliance Officer, effective November 04, 2026. The appointment of Mr. Brijmohan Pooranmal Agarwal as an Additional Independent Director was also approved. Concurrently, the resignation of Ms. Rachna Oshan Ghatalia as Company Secretary & Compliance Officer was noted.
Furthermore, the Board approved the reconstitution of its Committees. The meeting commenced at 1:30 PM and concluded at 4:15 PM.
Financial Highlights and Review
The unaudited standalone financial results for the quarter ended September 30, 2026, were approved, along with the limited review report. The internal auditors’ report for the same period was also taken on record. The financial statements reveal a net loss of ₹29.39 lakhs for the quarter ended September 30, 2026, compared to a loss of ₹65.19 lakhs in the previous quarter. Total income for the quarter stood at ₹82.67 lakhs.
A limited review report by S K Patodia & Associates LLP highlights an outstanding interest-free unsecured loan liability of ₹98.50 lakhs as of September 30, 2026. The report also points to accumulated losses, an eroded net-worth, and current liabilities exceeding current assets, indicating a material uncertainty related to the going concern basis of accounting. Despite these concerns, the financial results are prepared on a going concern basis, with promoters committing to infuse funds as required.
Source: BSE
