Brightcom Group Limited has informed the Exchange regarding 'Weekly Updates'.
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Brightcom Group is providing a weekly update covering three areas: business development, revocation of trading suspension, and upcoming financial results. The company is addressing a mismatch of 6 lakh shares between issued and listed capital, and shareholders at the recent EGM supported cancellation of the excess shares. BSE is set to conduct a site visit as part of the revocation process, and the company plans to file a share capital reduction petition with NCLT within 3-4 weeks after obtaining NOCs from SEBI and stock exchanges. A board meeting is scheduled for May 30, 2025, to approve audited Q4 and FY24-25 financial results, followed by an investor conference call.
Shares remain under trading suspension, so shareholders currently cannot buy or sell on the exchanges. Recovery of investments is tied to the successful revocation of suspension and relisting, which depends on completing BSE/SEBI compliance and NCLT approval for share capital reduction. Investors should treat this as a high-risk, wait-and-watch situation with the May 30 board meeting and NCLT filing as key upcoming milestones.