When will the buying and selling suspension be lifted from Brightcom Group shares? New timeline revealed – INA NEWS

Brightcom Group (Brightcom Group) has shared a brand new timeline relating to the revocation of its buying and selling suspension. The corporate is now assured that the buying and selling suspension will likely be canceled throughout the month of January. “Each procedural requirement is being addressed promptly and the administration is assured of taking all mandatory steps to keep away from any delays at its finish,” Brightcom Group stated in its weekly replace.

The digital advertising firm had stated final month that the buying and selling suspension could be lifted on or earlier than December 14. Though the corporate says that exterior elements are concerned within the cancellation of buying and selling suspension, however because of the firm’s proactive strategy and excessive concentrate on its obligations, it’s assured that this course of won’t prolong past January.

In its weekly replace, the group stated the assembly with the BSE Revocation Committee members was extraordinarily constructive and centered on making certain progress in direction of resolving the buying and selling suspension subject. Throughout the assembly, it was highlighted that the assembly of the primary committee liable for giving in-principle approval for revoking the suspension goes to be held within the coming week. This assembly will likely be necessary in figuring out the following steps, together with finalizing the timeline for the upcoming obligatory website visits.

Board assembly for monetary information of FY 2024 on January 10

Brightcom Group says that aside from routine updates and reconciliations, there are not any different main compliance necessities pending from the corporate. The remaining duties are procedural. Subsidiary-level studies are additionally being reviewed intimately to make sure compliance with relevant necessities.

Keep watch over these shares together with HDFC Financial institution on January 6, count on motion as a result of current information

Since when and why is regular buying and selling in shares stopped?

Allow us to let you know that as per the orders of BSE and NSE, regular/common buying and selling within the shares of Brightcom Group is closed from June this yr. Shares are categorized within the Z group and shareholders can commerce solely within the trade-for-trade section. Below this, buying and selling takes place solely on the primary buying and selling day of the week. Buying and selling in shares of Brightcom Group was suspended because of the failure to launch monetary outcomes for the July-September 2023 and October-December 2023 quarters. The suspension was introduced in Could and buying and selling stopped from June 14.

Capital markets regulator SEBI, in an order, has imposed a penalty of ₹8 lakh on the corporate over delay in launch of economic outcomes for the quarter September and December 2023, non-disclosure of resignation letters, delay in disclosure of resignation of administrators and different elements. Was fined.