Brightcom Group Limited has informed the Exchange regarding 'EGM Update'.
BCG · price
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Awaiting price reaction for this filing.
Brightcom Group held an Extraordinary General Meeting on April 30, 2025 via video conferencing, where 102 members participated. Shareholders approved the reduction of 6 lakh unlisted equity shares of ₹2 each to align issued and listed capital, with 99.73% in favor. The appointment of Mr. Shrikant Gehlot as Independent Director was ratified with 99.94% support. Two key management changes were approved: Mr. M. Suresh Kumar Reddy as Whole-Time Director & CEO (85.37% in favor) and Mr. S. L. Narayana Raju as CFO (85.39% in favor). However, both appointments remain subject to obtaining required legal clearances and the appointees' formal consent before joining.
For retail investors, this signals a long-pending restructuring of capital and leadership finally moving forward. Approval ratings were strong across all resolutions, though the CEO and CFO inductions are not yet effective, leaving some uncertainty on when the new leadership will formally take charge.