Brightcom Group News: Common trading of shares of Brightcom Group, which provides digital marketing solutions to businesses, agencies and online publishers, may start soon. The company gave this information in its weekly update on Sunday 22 December. The company says the process to resume its trading on NSE is in the final stages while a follow-up meeting with BSE is expected early this week. Regular trading of its shares has been suspended for more than six months. Due to this, more than 6.5 lakh shareholders of the company are stranded.
Trading takes place only on the first trading day of the week
Trading of shares of Brightcom Group like common stocks has been stopped for more than six months. The stock currently trades only in the ‘Z’ category or trade-for-trade segment. Under this, trading of shares takes place only on the first trading day of the week.
How far has the work of starting general trading of Brightcom Group reached?
The company says that a virtual meeting has been held with NSE officials. It has paid the fine to BSE and NSE and has also uploaded the Annual Secretarial Compliance Certificate for FY 2024 on both the exchanges. Now the exchange will review this compliance and reconcile the payments. After this he will visit the Hyderabad office of the company, then a circular will be issued to lift the ban on trading. However, it has not been mentioned in the company’s presentation when the exchanges will reach the company’s site.
In an earlier weekly update, the company had expressed confidence that the ban on trading of shares will be lifted on or before December 14, 2024. The company’s focus is on this at present and only after this it will bring the business figures for the financial year 2023. Along with this, the company is also trying to bring its business back on track.
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