Brightcom Group Limited has informed the Exchange regarding Settlement Order dated June 11, 2025 passed by SEBI
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SEBI passed a Settlement Order on June 11, 2025, disposing of proceedings against three former officials of Brightcom Group: K Anusha, V Sri Lakshmi, and Dr. K Jayalakshmi Kumari. The matter related to alleged misstatements and irregularities in the company's financial statements for FY 2014-15 to FY 2019-20. Under the settlement (without admitting or denying findings), K Anusha will pay ₹10.72 lakh and is barred from associating with the company for 1 year; V Sri Lakshmi will pay ₹12.35 lakh with a 1-year association ban; and Dr. K Jayalakshmi Kumari will pay ₹12.35 lakh with a 2-year ban. All settlement amounts were already remitted to SEBI in May–June 2025. The company states there is no impact on the listed entity from this order, noting that a separate February 2025 SEBI penalty order against the company and its officials had already received interim relief from the Telangana High Court.
The settlement pertains only to three former individuals — not the company itself — so Brightcom Group faces no direct financial or operational impact from this order. However, the underlying investigation into past financial statement irregularities remains a lingering governance overhang for the stock.