[Brightspot]

@odysee how can you believe MR Suresh kumar might have given all the documents? This is not the first time he had given wrong info share holders

Almost 1 year he was telling Mediamint acquisition going extremely well in the conference call then suddenly he informed they have changed their mind

Almost one year they have been telling they are “Acquiring ” all assets of Audio company then suddenly they announced JV

Now I think he dont want to upload subsidiary reports so the delay in duam settlement
its almost 6 months they identified payment method but could not close it, hard to believe.. Directors are incompetent, they will listen whatever SKR ask them to do..thats my view only based on the experience I had since 4-5 years

They have to report to sebi every quarter if there is any deviation in using the funds or not,all other companies following that except brightcom

[Brightspot]

@logan please add nasdaq listing also, we are not asking that question nowadays and management also not taking up that topic..but few quarters back it had been hot topic..just let them realize that we can not have discussion on it for time pass, his answer for that topic was parent company need to get proper valuation for it..if corporate gov is bad how can company get valued

[Brightspot]

Guys Brightcom arranged conference call on 7th Jan 4pm to answer your questions,

Please prepare all your questions and he should answer them promptly otherwise there is no point in asking questions, NSE already asked clarification on incomplete and unsatisfactory responses provided by management

[Brightspot]

Yes, possible that those issues need some more time to close, we can ask SKR not to conduct anymore conference calls unless there is an update or material development

[Brightspot]

@Rathi_b thanks much for taking time to meet SKR and update here, would you mind providing detail information what was discussed ?

[Brightspot]

@Rathi_b, are you able to meet SKR?

[Brightspot]

See NSE notification: The Exchange has been seeking various clarifications from Brightcom Group Limited (‘Company’) against a complaint from investor and response received from Company was unsatisfactory and incomplete. On the basis of aforesaid, the Company is required to provide satisfactory and complete response. The response from the Company is awaited

[Brightspot]

1. Authorised Mr. S.L. Narayana Raju, CFO to file an application on behalf of the Company under
Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 for
the purpose of settlement of the proceedings initiated by Securities and Exchange Board
of India (SEBI) issued under Rule 4(1) of the Securities and Exchange Board of
India(Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995- Adjudication
u/s 15A(b) and/or 15HB of the Securities and Exchange Board of India Act, 1992 in the
matter of Brightcom Group Limited.
The Board Meeting commenced at 7:00 P.M. and concluded at 08:00 P.M.

Which penalty they are talking about ? FA concluded and they are paying penalty?

[Brightspot]

December 10, 2022
BSE Limited National Stock Exchange of India Limited
P. J. Towers, 25th Floor, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001. Bandra (E), Mumbai – 400051.
Scrip Code: 532368 Symbol: BCG
Dear Madam/Sir,
Sub: Clarification & Information that ” the Promoter shares not frozen “, contrary malicious rumours
on social media.
With respect to the subject matter cited above, we would like to inform our shareholders that contrary to
malicious and ill-informed rumours in circulation, the NSDL accounts of the promoters are not
frozen.
This was in connection with the delay in the joining date of the new Company Secretary. The promoter NSDL
accounts were frozen on November 25, 2022 as per Section 6 of SEBI LODR, 2015.
However, the Company Secretary was already appointed on November 12th, 2022 board meeting and the
Company informed the exchanges. Post which, the authorities instructed that the accounts be unfrozen on
November 29 2022.
Therefore, we wish to inform all stakeholders that there is no freeze on promoter
shares.
This is for your information only.
Thanking you,
Yours faithfully
For Brightcom Group Limited

[Brightspot]

I have written to chakravartit@sebi.gov.in to know the reason for freezing also if they were unfreezed now, will update here once i get the reply

[Brightspot]

Regulator should punish promoter for non compliance , but unfortunately it will punish existing shareholders by putting scrips in to suspension more than 7 years ( there are many such cases), if that happens, game over for investors, if we dont know the exact reason we need to get it from either regulator or company officials and then post it..there is no point in expressing our opinion if we dont have source of information

[Brightspot]

@somesh pls do not assume things and post it on public forum, we need to know the truth from company officials, we dont know what the exact reason is. Even if that is the reason why he did not appoint CS for more than 6 months..if company is suspended from trading it will affect 4 lakh investors here , issues are more than business in this company. We should not try to protect promoter here in any case

[Brightspot]

Gents, freezing of promoter account is a serious one, you can not ignore , you need to discuss this without missing , there is chances scrip might get suspended if they continue it
please read it: https://www.sebi.gov.in/legal/circulars/jan-2020/non-compliance-with-certain-provisions-of-the-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-and-the-standard-operating-procedure-for-suspension-and-revocation-of-trading-of-_45752.html

[Brightspot]

Dont worry about few Lcs, i personably think its good decision, also I strongly feel they are in process of another acquisition and they will be disclosing when it is complete in all respect (consummated*)

[Brightspot]

BIG NEWS Follows

August 31, 2022
BSE Limited National Stock Exchange of India Limited
P. J. Towers, 25th Floor, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001. Bandra (E), Mumbai – 400051.
Scrip Code: 532368 Symbol: BCG
Dear Madam / Sir,
Sub: Brightcom Group to set up a new division focusing on “Quantum Computing.”
Brightcom Group has decided to enter the “Quantum Computing “domain. As a first step, it would set
up a dedicated lab in San Francisco Bay Area, California, with a team of Quantum Technology experts
across the Globe. The objective is to advance Quantum computing technologies for AdTech and other
digital marketing requirements of the company.
Quantum Computing has an immediate use case in many of our domains: Search marketing, social
networks, constructing quick persona & profiles, Ad tracking, Web analytics, campaign simulations
and such. Quantum computing can reduce the time and resources required for the global ad-tech
industry by manifold. With technological advances in hardware and software, we believe Quantum
Computing is at the cusp of an explosion. Thus, it is an appropriate time for the investment to create
future growth engines for the group. It represents the next frontier for technological innovation for
Brightcom Group.
This new division, BRIGHTCOM QUANTUM, will be led by our President of Group Strategy, Mr Peshwa
Acharya, an IIT Engineering graduate.
Peshwa brings leadership experience, built over the last 29 years across FMCG, Retail, Telecom,
Technology, Ecommerce and Hospitality domains. He is an alumnus of IIM Calcutta & IIT Kharagpur
and has worked in various cities in India and across Asia and Africa. Peshwa’s corporate journey
includes working at P&G, Reckitt, Pepsi, Dabur, Reliance Retail, Globacom (Africa) and Sterling
Holidays (A Fairfax company). Later in 2015, he was handpicked as the first CEO of IIT Bombay
Research & Innovation Park (ASPIRE).
Quantum Computing: A brief background
The origins of quantum computing date back to 1981, the same year IBM released its first personal
computer.
Quantum computing is based on the fact that quantum-mechanical phenomena, such as chemical
reactions and the flow of electrons through semiconductors, are best simulated with machines based
on quantum mechanical rules. Also, compared to ordinary computers, quantum computers have the
potential to do calculations much, much faster. Standard computers store data and perform
computations using bits with only two states, either one or zero. On the other hand, a quantum
computer uses qubits, which can be one and zero, simultaneously until they are measured, at which
time their states become known. Therefore, the total number of states doubles with each added qubit.
One qubit is two possible states; two is four possible states, three is eight, and so forth, which leads
to an asymptotic increase in the states it can represent.
In the future, more robust, powerful versions of quantum computers, which exploit the properties of
matter at subatomic scales to significantly improve processing power, could revolutionize
computing, encrypt data, and investigate some of the most mysterious aspects of nature.
We believe thatthe super combination of Quantum computing&Artificial Intelligence would leapfrog
and disrupt existing methods, businesses and tech domains.
This announcement is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Request you to take the same on record and oblige.
Thanking you,
Yours faithfully,
for BRIGHTCOM GROUP LIMITED
Authorised Signatory

[Brightspot]

Logon thank you very much for wonderful analysis in this forum, however today I realized that this share performance is in the hand of operator network, whenever they want they can bring this scrip to UC and LC visa-versa, we are in the mercy of Operators. Todays large deals will give you some insight how powerful they are.there is no of use of any analysis (good or Bad) you guys provide in this forum, even SKR wont need any help from retailers as he was able to hook big guys even though he praise retail investors in conference call . He is able collect the funds necessary for his acquisition..so basically he wont care for any of our emails or calls..FA is nothing.. suzlon FA is going on for more than year so its left to organization to provide the outcome of FA ..its not mandatory for any companies to provide outcome to public..I believe bull run will start shortly once the operators snatch maximum possible shares from retailers..i dont think those FIIs or Shankar sharma will exit in losses..This is my Last comment in this forum thank you very much Admin for opportunity to express myself..no doubt this share will surpass previous high but dont forget book profit in regular interval..good luck to all

[Brightspot]

In the month of August (lockin till august 30) we might see major sell off because those preferential shares (allotted to 54 non promoters) going to be out of lockin period ..so I believe this is the planned selloff now to avoid huge sellof in the august..there is no block deals today, so we might need to wait till 3-4 Lcs for reversal looking at the sell order..this is just my view

[Brightspot]

I’m wondering if preferential shares allotted at 7.7 rs came out of lockin period, can anyone confirm?

[Brightspot]

shankar sharma is live on CNBC at 2.30PM hope someone ask about brightcom and he talk something positive about it

[Brightspot]

Still remember those golden words “we are hiring more people in investors relation to improve the response” and now our system is not equipped to take 3 lakh emails we will bring in system within a week to reduce the response time, now no one respond to your email no one there to pick up your call

[Author]

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