Trading In Brightcom Group Shares Suspended As Company Fails To Submit December Quarterly Results

Trading of Brightcom Group’s shares has been put on hold on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

What Happened: Brightcom Group’s shares have been suspended from trading on both the BSE and the NSE. The stock will remain suspended until the company complies with the master circular of NSE.

NSE in a circular on May 14, said the stock will be suspended from trading from June 14 if it did not comply with SEBI regulations of submitting its financial results for the September 2023 and December 2023 quarter.

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While the company said it will announce the quarterly results, it announced results only for the September 2023 quarter on June 11 and did not provide details when will they announce for the December quarter.

According to NSE circular, after 15 days of suspension, the stock will be available on Trade for Trade basis in (Z category) on the first trading day of every week for six months. In Trade for Trade category, intraday trading is not allowed for a stock. Only delivery trading is allowed in the scrip.

Latest shareholding pattern shows the company had 6.62 lakh shareholders and a share capital of around ₹1893 crore.

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