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dear friends, I would suggest you guys to short at this level ,remaining puppets in the company cant do anything, they were paid only 1 lakh per annum as sitting fee..i wont be surprised if they dont even know how to read financial statement …company secretary left long back but information not shared by management..i believe SKR used to send email to him and he was going to sign on it ..you can buy back once it come down below 9 ..this is just my view

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puppets of SKR could not even publish results received from subsidiary, they are such a dumb …pls force sebi to appoint CEO and CFO

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no news ..this pump is just to give exit to kancharla, smart people will exit in this rally

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BCG Dividend Ex date as per NSE corporate action, i believe it has to be approved in AGM right?

BCG Brightcom Group Limited EQ Dividend – Re 0.10 Per Share 2 29-Sep-2023 30-Sep-2023 –

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@saach i can agree with you , we have created forum to discuss fundamental, are we in situation to discuss fundamentals at this moment? it doesn’t matter we talk negative or positive about individual or company, tomorrow if this forum exist or not..things are bound to happen..so chill guys !!

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One thing I have noticed, sell quantity is constant not decreasing considering the volume traded , probably new manipulation is happening!!

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SKR only involved in manipulating statements, hiding sebi notice from public, manipulating share price by means to proxies, he appointed similar kind of people to help him doing those things..CFO, Auditor, previous secretary who left company abruptly and denying to join the company back, previous CFO who resigned siting his retirement age only after forensic audit it confirmed !! you are right subsidiary working on its own and financials also should be correct if they have not manipulated that as well once they get it from subsidiary. Also i dont think if he has any control over subsidiary financials.
I suspect brightcom audio business now as they have removed Mr cheeti from website after second interim report

Who will be ready to audit such tainted company, and who is brave enough to apply to CEO\ CFO post in such a mess, god only know LOL

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Can someone confirm if Satish Cheeti left BCG? not showing his name in the management list

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Whoever get a chance to ask question in the conference call ask about BCG association with META new app https://about.fb.com/news/2023/07/introducing-threads-new-app-text-sharing/
few days back BCG tweeter and facebook handles shared that but did not disclose anything about their association with them

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Adani replaced auditor already however our BCG management was asking some unknown auditor to withdraw resignation amid sebi is clearly asking to change statutory auditor in SCN and appoint nifty 50 auditor, they would have disclosed new auditor name already..this is how management is doing time pass and investors are suffering due to that..

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Im seeing same copy paste from old announcements in the result PR, that means they are still looking for acquiring any company?
Inorganic Growth: M&A and Strategic Alliances Strategy
 On the inorganic growth front, we have been working out the most effective structure to
enable faster & ROE focused growth for our company.
 We are extremely focused on being highly capital efficient and are calibrating our
inorganic growth strategy to get most bang for our buck.
 Appropriate announcements shall be made when inorganic transactions are considered
or consummated.

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@akkithegrt we have been asking for buy back since 5 years , now he has valid reason to deny it, he will say due to sebi order he can not buy without any hesitation, you can listen in conference if at they are arranging any conference call this time

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@buffet you are right, as usual he is not bothered about single digit or paisa level, in the conference call he will act as if he is bothered about retailers but in reality he is thick skinned guy..even after showing that much profit he did not think of reducing debt by his company profit , lender had to sell their shares in open market to recover debt..that means retailers paid their debt..no one touch this tainted company if allegations are proved, forget about take over bla bla..so it is now confirmed that even FII allotees are selling, constant selling pressure shows that, in beweeen few groups buy and sell in crores creating volume, some retailers trap in that looking at the volume thinking it is reversing.., so now if at they will arrange conference call SKR has good reason to deny buy back because of sebi order, without any hesitation he will give that reason, such a guy he is

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Please dont expect those things from SKR he wont appoint EY for audit, he only provide defending comments to sebi allegation thats it..huge cost for reputed auditors..you all know previous CFO salary was only 12 lakh per annum

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Todays 5 cr volume created by only 2 groups by selling buying on same day, so there is no big investors as exit as being discussed in MMB

21 Apr 2023 TOPGAIN FINANCE PRIVATE LIMITED S 11800004 11.95
21 Apr 2023 TOPGAIN FINANCE PRIVATE LIMITED P 12100004 11.95
21 Apr 2023 MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED S 11513032 11.95
21 Apr 2023 MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED P 18763021 11.97

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how do you know it will be uploaded tomorrow?

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HI Guys, please send your email to these below ids to updatde exchange with revised SHP asap

suresh@brightcomgroup.com,narayanaraju@brightcomgroup.com, vrajesh@brightcomgroup.com

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Big relief, Mr shankar sharma broke his silence on BCG..he tweeted this

Let’s be clear: compliance & reporting are extremely important things to give weightage to, as Investors & the SCN rightly points out lapses on this score.
BCG 100% needs to ensure that never ever does it have any such issues.
On the veracity of the global accounts ( Sales, Profit, Cash, Global Tax paid), the SCN doesn’t seem to have any allegations.

That’s a HUGE relief for all investors in the company, big & small.

Once accounts are restated showing impairment via P&L, that issue gets addressed.
(That said, investors don’t consider non-cash charges while calculating ” real EPS”. We look at regular operating PAT for this. This concept is called ” Proforma EPS, globally)
Let’s hope BCG management takes this situation as an opportunity to fix its shortcomings. Hard reforms usually happen in crises.

From what one can see in the SCN, problems don’t seem insurmountable.

(Lastly, Good thing is that it’s a debt -free company, so liquidity & solvency aren’t an issue. )

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Sory for my previous message, definitely its not end of the world, SKR can take this opportunity to strengthen his balance sheet and corporate governance by hiring professionals from good industry, rather recruiting people from unknown companies
Royal orchids also got similar interim order in the past with multiple allegation but its investors did not panic, it reacted only one day , but later company came with many good news and stock rallied, SKR should come with good news like Daum settlement to cool down these panic souls and respect the timeline provided in the report

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Guys according to you impairment of no cash assets should be in P&L or part of Balance sheet
In accounting, impairment is a permanent reduction in the value of a company asset. It may be a fixed asset or an intangible asset.

When testing an asset for impairment, the total profit, cash flow, or other benefits that can be generated by the asset is periodically compared with its current book value. If the book value of the asset exceeds the future cash flow or other benefits of the asset, the difference between the two is written off, and the value of the asset declines on the company’s balance sheet.

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