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Brightcom Seeks to Avert Shift of Shares to ‘Z / MT’ Category After SEBI Compliance Lapse

Story Highlights
  • Brightcom attributes a SEBI Regulation 76 non-compliance to procedural delays amid broader legacy system reconciliations and says lapses are being rectified.
  • The company has regularised submissions, upgraded compliance controls, expects to finish filings by 30 December 2025, and aims to avoid its shares moving to the ‘Z / MT’ group.
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Brightcom Seeks to Avert Shift of Shares to ‘Z / MT’ Category After SEBI Compliance Lapse

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An update from Brightcom Group Limited ( (IN:BCG) ) is now available.

Brightcom Group Limited has issued a clarification to the stock exchanges regarding a proposed shift of its equity shares to the ‘Z / MT’ group, triggered by non-compliance with certain depository reporting and reconciliation requirements under Regulation 76 of the SEBI (Depositories and Participants) Regulations for the June and September 2025 quarters. The company characterises the issue as a procedural lapse arising during a period of multiple legacy compliance and system-level alignments, and says it has coordinated with depositories and its registrar to regularise pending submissions, strengthened internal compliance monitoring and escalation processes, and expects to complete and file the remaining compliances before 30 December 2025. Brightcom states it is confident that, once these remedial steps are completed, the reclassification of its shares into the more restrictive ‘Z / MT’ category will not be necessary, underscoring the board’s commitment to timely regulatory compliance and transparent communication with investors, which is aimed at limiting potential reputational and trading-impact risks for shareholders.

More about Brightcom Group Limited

Brightcom Group Limited operates in the digital and online advertising sector, offering technology-driven marketing and media solutions to advertisers and publishers. The company focuses on data-led digital advertising services across various channels, positioning itself as a player in the broader ad-tech and digital media ecosystem.

Average Trading Volume: 995,265

Technical Sentiment Signal: Strong Sell

Current Market Cap: 22B INR

Find detailed analytics on BCG stock on TipRanks’ Stock Analysis page.

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