Brightcom Group Limited — Important, 29-12-2024: Updates

Renewed efforts are being made to enhance Connected TV (CTV) technology, aiming for personalized and interactive user experiences. The company will participate in CES Las Vegas, focusing on digital advertising and AI solutions, which may provide valuable insights and connections for future growth.

Recent meetings with BSE officials indicate a smooth progress in the revocation process, with compliance milestones being met. The organization has fulfilled requirements for timely share transfers and has maintained open communication with regulatory bodies, ensuring transparency.

On the operational front, the audio division will launch new advanced audio advertising solutions by Q3 2025, while the AI/ML division is enhancing platform capabilities and expects to share detailed expansion plans by Q2 2025. The company is also focused on addressing the shares annulment process and resuming normal trading, with key actions progressing despite potential delays extending into January. Management remains committed to resolving compliance issues promptly to restore trading as soon as possible.