Brightcom Group addresses potential equity share reclassification to Z/MT group

Brightcom Group Limited has responded to a BSE notice concerning the proposed shift of its equity shares to the 'Z / MT' group. The notice cited non-compliance with Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, for the quarters ending June 2025 and September 2025, specifically regarding procedural compliance for depository-level reporting and reconciliation.

The company stated that the procedural delay occurred while it was simultaneously addressing multiple legacy compliance alignments and system-level reconciliations. Brightcom Group has since coordinated with depositories and the registrar and transfer agent to regularize pending submissions and has strengthened its internal compliance monitoring, review, and escalation processes.

Brightcom Group anticipates submitting the remaining compliances well before December 30, 2025, aligning with the stock exchange's timelines. The company expressed confidence that this will negate the need for its equity shares to be shifted to the 'Z / MT' group. The board of directors remains committed to timely regulatory compliance and transparent communication with the stock exchange and shareholders.