Brightcom shares to resume trading on exchanges from July 14

Brightcom Group Limited, the ad-tech company which was under SEBI scanner for violation of accounting norms, has said that the BSE and NSE have revoked the suspension in trading of its shares.  Consequently, trading in the company’s shares will resume on July 14.

Brightcom Group has affirmed that it diligently complied with all necessary regulatory norms, particularly addressing previous non-compliances.

SEBI indicates serious concerns regarding Brightcom Group’s adherence to the financial reporting and disclosure standards that are mandatory for publicly listed entities.

SEBI has slammed the company for hiding information, failing to comply with regulations and violating norms. It issued a show-cause notice to top executives, including Chairman and Managing Director Suresh Reddy last year, citing under-statement of expenses and overstated profits between 2014-15 and 2019-20.

In its 77-page order last year, it felt that the scale of fraud was ‘indeed’ large. “The company attempted to camouflage accounting entries above ₹1,280 crore during 2018-19 and 2019-20 to give a distorted picture of its financial position,” it said.

The company’s former officials and an independent director have recently settled a case related to this by paying a total of ₹35.4 lakh for financial reporting irregularities from 2014 to 2020.

Published on July 5, 2025