SEBI’s Order: What’s Next for Brightcom Group Investors?

Are you waiting for the re-listing of Brightcom Group shares? If yes, you are among ~6 lakh retail investors, who hold over 80% stake in the company, worrying about what will happen to their investment.

In this read, we have carved out some major updates on Brightcom Group

In the latest weekly updates, Brightcom Group stated that it successfully conducted its Annual General Meeting (AGM) on February 7, 2025, and all the resolutions proposed were passed by the members.

The Board of Directors will meet on February 14, 2025, to review and adopt the financial results for quarter 3 of financial year 24-25. The meeting will cover the company’s financial performance, key operational updates, and strategic considerations.

Brightcom Group Ltd (BCG) provides digital marketing solutions to businesses, agencies and online publishers worldwide. The company owns the Oridian, Dremad, Mediosone, and Max Interactive brands and operates product platforms like Onetag, Pangea, Brightcom, Volomp, Proxytool, etc through its subsidiaries.

What SEBI’s Final Order Said?

On Thursday, February 6, 2025, SEBI imposed a total penalty of Rs 34 crore on Brightcom Group Ltd, its promoters, and others for misrepresenting the company’s financial statements. A fine of Rs 15 crore each was levied on M. Suresh Kumar Reddy and Vijay Kancharla, the promoters of Brightcom Group Ltd (BGL).

However, the company mentioned that its legal team is currently reviewing the order in detail. They will provide guidance to the Board on the next steps after completing their assessment.

Brightcom Group Re-Listing Plan

BCG confirmed that it has submitted all necessary compliances and SOP penalties in accordance with LODR to both exchanges. The exchanges will notify the company and its shareholders once everything is in place. We will keep the community updated as soon as there is clear visibility on the relisting timeline.

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