HCG recently announced its December quarter results and suggested its plans to add 350 beds over three years including Ahmedabad and Whitefield project.
Earnings before interest, tax, depreciation and ammortisation (EBITDA) gained 13% YoY to Rs 85 crore in Q2FY24. The EBITDA margin dripped 40 basis points YoY to 17.4%.
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.