Brightcom Group said it understands the significance of the matter and assured investors that it will diligently communicate any relevant updates following the meeting.
Brightcom Group said it fully understands that news of this nature may raise concerns among valued shareholders. It reassured investors that the right course of action will be taken.
Brightcom Group share price: Market regulator Sebi, in an interim order, restrained the company's top executives Suresh Kumar Reddy and Narayan Raju from holding any directorial positions until further notice. Reddy is the promoter-cum-chairman and managing director of Brightcom Group, and Raju is the chief financial officer. Sebi also restrained ace investor Sharma from selling shares in the company. In total, a total of 25 entities and individuals would be hit by the Sebi order.
Sharma responded to the issue on his official X handle and said, "We have submitted all reqd reconciled remittance data to SEBI today, totalling to Rs.56.65 Cr for 1.5 Cr shares @ 37.7 RS= 56.65 Cr. Delay was because of bank reconciliation data pending from Co. We look forward to early closure of the matter".