On July 5, 2025, Brightcom Group Limited through an exchange filing announced that both the BSE and NSE have revoked the suspension on trading its shares. As a result, Brightcom Group shares are set to resume trading on July 14.
In accordance with Exchange guidelines for IPOs and relisted securities, the Company's shares will participate in a Special Pre-open Session on July 14, 2025.
Also Read: Why Is Brightcom Group Suspended?
The ad-tech firm, Brightcom Group, was under investigation by the Securities and Exchange Board of India (SEBI) for breaches of accounting standards. Brightcom Group shares went under suspension on June 14, 2024.
The company has taken corrective steps and claims to have fully complied with all regulatory requirements, specifically addressing earlier lapses in financial disclosures and reporting.
Despite these recent developments, SEBI has expressed deep concerns over Brightcom’s historical adherence to financial reporting norms expected of publicly listed companies. The market regulator has accused the company of concealing critical financial information, violating disclosure requirements, and engaging in accounting malpractices.
In a show-cause notice issued last year, SEBI alleged that top executives, including Chairman and Managing Director Suresh Reddy, were involved in the understatement of expenses and inflation of profits during the financial years 2014-15 to 2019-20.
A detailed 77-page SEBI order described the irregularities as significant in scale, noting that Brightcom attempted to manipulate accounting records exceeding ₹1,280 crore in just two financial years—2018-19 and 2019-20—to present a misleading financial position.
Adding to the controversy, several former company officials and an independent director recently settled with SEBI by paying a cumulative penalty of ₹35.4 lakh for financial reporting violations committed over the six-year period from 2014 to 2020.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 7, 2025, 10:38 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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