| Company | Value | Change | %Change |
|---|
Brightcom Group shares have now been suspensed for regular trading for over six months now, and has left over 6.5 lakh shareholders in the lurch. The stock only trades in the ‘Z’ category or in the Trade-for-Trade segment, where trading takes place only during the first trading day of the week.
The weekly update said that the virtual meeting with NSE officials has concluded. It has also paid the penalties required to both the BSE and NSE and has also uploaded its Annual Secretarial Compliance Certificate for the financial year 2024 on the exchanges.
“The next steps involve the exchanges reviewing our compliance submissions and reconciling payments. Once this process is completed, they (exchanges) will schedule a site visit to the Hyderabad office before issuing the circular of revocation of the trade suspension,” the Brightcom Group said in its presentation.
In an earlier weekly update, the Brightcom Group had highlighted that it was confident of the suspension being revoked on or before December 14, 2024.
No timeline has been shared for the visit of the exchanges to the company’s site. “We anticipate (it) will begin shortly,” the presentation said further.
Answering a question in the presentation as to when will the company grow past its numbers for financial year 2023, the Brightcom Group said that while it is striving for the same, its immediate focus is to resume daily trading and ensure full compliance.
“At the same time, we are resetting the organisation to take on more business, strengthen our backend systems and regaining operational momentum,” the presentation said.
