Brightcom Group Limited Clarifies Compliance Issues, Aims to Avoid 'Z/MT' Group Shift
Brightcom Group Limited has issued a clarification regarding the proposed shifting of its equity shares to the ‘Z / MT’ group by BSE Limited. This potential shift was prompted by non-compliance with R...
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Why is Brightcom Group Limited in the news today?
Brightcom Group Limited (BCG) is in the news due to the announcement addresses a potential compliance issue and outlines corrective actions. while the company is confident in resolving the matter, the initial non-compliance and the potential for delisting introduce a neutral sentiment.
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Brightcom Group Limited Clarifies Compliance Issues, Aims to Avoid 'Z/MT' Group Shift
December 23, 2025, 04:51 AM
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Brightcom Group Limited has issued a clarification regarding the proposed shifting of its equity shares to the ‘Z / MT’ group by BSE Limited. This potential shift was prompted by non-compliance with Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, for the quarters ended June 2025 and September 2025.
The company explained that the procedural delay occurred during a period of addressing multiple legacy compliance alignments and system-level reconciliations. Brightcom Group has since coordinated with Depositories and the Registrar and Transfer Agent to regularize pending submissions. Furthermore, internal compliance monitoring, review, and escalation processes have been strengthened to prevent recurrence.
The remaining compliances are in the final stages of completion and are expected to be submitted before December 30, 2025. Consequently, the company is confident that the proposed shifting of its equity shares to the ‘Z / MT’ group will not be necessary. The Board of Directors is committed to timely regulatory compliance and transparent communication with the Stock Exchange and shareholders.
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