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Brightcom Group shares hit lower circuit after SEBI order #newkerala(96459)

Brightcom Group shares hit lower circuit after SEBI order #newkerala(96459)
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Brightcom Group, CMD, CFO siphoned off proceeds of preferential allotments: SEBI order

Brightcom Group Ltd, M. Suresh Kumar Reddy (BGL's promoter-cum CMD), and Narayan Raju (CFO) were involved in round-tripping of BGL's own funds in a circular fashion to falsely portray receipt of consideration from allottees of preferential .

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India s market regulator bars Brightcom CEO, CFO from holding director post

India s market regulator on Tuesday barred Brightcom Group s two top executives from holding directorial positions over irregularities in the marketing firm s preferential share allotments. .

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2 Brightcom officials barred from holding managerial posts till further order

Sebi on Tuesday restrained two Brightcom Group officials, M Suresh Kumar Reddy and Narayan Raju, from holding any managerial position in the company or its subsidiaries until further orders. Reddy is the promoter-cum-chairman and MD of Brightcom Group Ltd (BGL) while Raju is the chief financial officer. Besides, the regulator also banned Reddy from the securities market until further orders.

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Shankar Sharma barred from selling Brightcom shares

A SEBI order issued on Tuesday said that ample opportunities have been given to ace investor Shankar Sharma to provide the correct position of payments made to Brightcom Group Limited (BGL).â€œHowever, he has failed to provide the same. .

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