Brightcom Group

SEBI fines Brightcom Group, promoters, other entities Rs 34 crore, issues ban from securities market

SEBI issued the final order on February 6

Brightcom Group shares Q2 earnings; no update on revocation of trading suspension

Brightcom Group's consolidated profit after tax tumbled 47 percent to Rs 186.28 crore in Q2 FY25.

Brightcom Group posts Rs 242-crore loss in Q3FY24; sees impact from SEBI action, key resignations, Israel conflict

'The resignations of the Chief Executive Officer and Chief Financial Officer, following the SEBI order, had a material impact on our operations,' says Brightcom Group

Brightcom Group's auditors resign citing lack of information and cooperation

The resignation letter said that the action was prompted by several significant issues and listed lack of required information, inadequate cooperation in providing essential information, absence of shareholder approval for appointment of auditors, and delay in quarterly reviews.

Shankar Sharma urges Brightcom Group shareholders to unite against company mismanagement

SEBI lifted the restrictions against veteran investor Shankar Sharma of not disposing of BCG shares he held directly or indirectly, on February 28.

Brightcom Group shares sink 5% on September quarter earnings, delayed Q3 results

For Q2 of the fiscal year 2024, Brightcom Group's revenue came in flat at Rs 112 crore while net profit rose marginally.

NSE to suspend trading in Brightcom Group stock, moves it to Z category

Trading suspended in Brightcom stock from June 14

NSE excludes Brightcom Group, Ujjivan Financial Services from several Nifty indices

Brightcom Group has been removed from Nifty Microcap 250 index, Nifty Total Market index and Nifty 500 Value 50 index. Ujjivan Financial Services was excluded from the Nifty Microcap 250 and Total Market index

Brightcom Group tanks 7% after Sebi refuses to lift restrictions on promoter

SEBI had issued an interim order on August 22, 2023, and on February 28, the markets regulator issued a confirmatory order, confirming the directions it gave for 20 of the 25 noticees in the Brightcom Group case.

Brightcom Group final order: SEBI suggests ED probe; Shankar Sharma free to sell BGL shares

Of the directions given to 25 noticees in the interim order in August 2023, directions given to five stand changed in the final confirmatory order.

Shankar Sharma calls out 'Indore-based' company under scrutiny by former auditors

He was alluding to EKI Energy Services that had previously been in the news for queries raised by its former auditors.

SEBI’s Brightcom order raises larger issues on regulation

While the order is an interim one, how frauds happen with regularity despite so many checks and balances is a puzzle. Cracking it is critical to shoring up investor confidence 

Brightcom Group announces leadership changes following SEBI's crackdown

Brightcom board has accepted the resignation of Suresh Reddy, who was serving as the Chairman & Managing Director (CMD) of the company, along with the resignation of Narayana Raju, the Chief Financial Officer (CFO) of the company.

10 ways Brightcom pulled wool over investors' eyes in preferential allotment of shares

The market regulator has found that the company not only committed accounting fraud but also fabricated bank account statements

Sebi's Brightcom crackdown: Shankar Sharma says details submitted, hope for early closure

In November 2021, Sharma had called BCG a 4 AM stock. “The world is sleeping. But a faint bit of light is creeping up at the edges. That's the home run period,” he said

Shankar Sharma among 23 who are barred from selling Brightcom shares

On August 22, Sebi passed an interim order on the company’s preferential allotment

SEBI stops Brightcom’s statutory auditors from engaging with company; bars CMD and CFO from Board positions

The interim order was passed on August 22, because the regulator believes that an “urgent intervention” is warranted