Brightcom Group Limited — Important, 21-01-2025: Updates

Plans are underway for participation in the IAB ALM event from January 26-28 in Palm Springs, CA, emphasizing engagement with industry leaders and the latest trends in digital advertising and media.

On compliance, the company has successfully met all SDD certification requirements and cleared all pending penalties. They have uploaded the annual report for FY24 and ensured compliance with related party transaction regulations. The process to revoke the trade suspension is ongoing, with the company in discussion with exchanges for necessary confirmations and next steps.

A recent board update includes the appointment of Mr. Shrikant Ghelot as an independent director, aligning with regulatory compliance requirements. Additional directors were appointed to strengthen subsidiary boards.

Regarding the trade suspension, further actions depend on the exchanges' guidance, but the company remains committed to transparent communication and operational stability. Weekly updates will continue until regular trading resumes, ensuring stakeholders remain informed. Overall, the outlook appears positive as the company addresses regulatory challenges effectively.