The Exchange had sought clarification from Brightcom Group Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. The company has not submitted the Statement of Impact of Audit Qualifications in case of modified opinion(s) The response of the Company is enclosed.
BCG · price
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Brightcom Group's board (meeting held May 30, 2025) approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Consolidated revenue for FY25 stood at about Rs 5,14,666 lakhs (~Rs 5,147 crores), up 10.4% year-on-year, while consolidated profit after tax was about Rs 71,004 lakhs (~Rs 710 crores), up 3.4%, translating to an EPS of Rs 3.52. The statutory auditor issued a qualified opinion, flagging that opening and closing balances are subject to a SEBI-ordered peer review of FY2014-15 to FY2021-22 financials. The auditor also raised concerns about non-impairment of investment in subsidiary Ybrant Media Acquisition Inc (negative net worth) and a Rs 16,886.81 lakh investment in Vuchi Media where the deal was revoked and 1.4 crore shares are still pending cancellation. The company has now submitted the Statement of Impact of Audit Qualifications that the exchanges had sought earlier.
Headline earnings show growth, but the qualified audit opinion and the auditor's inability to confirm balances create uncertainty about the true picture of the books. Combined with ongoing SEBI show-cause proceedings, interim and confirmatory orders, and pending SAT appeals, shareholders face material regulatory and accounting risks that could weigh on the stock and on future reported earnings if impairments or adjustments are required.