BSE, NSE to suspend trading of Brightcom Group's stock from June 14
Leading stock exchanges BSE and NSE will suspend trading in Brightcom Group Ltd from June 14 after the firm failed to disclose the financial results for two consecutive quarters that ended in September and December 2023. In two separate circulars, the exchanges said Brightcom Group has not complied with Regulation 33 of Sebi's (Listing Obligations and Disclosure Requirements) norms that deals with submission of financial results for two consecutive quarters, i.e. September 30, 2023 and December 31, 2023. Hence, the trading in securities of Brightcom Group Ltd shall be suspended with effect from June 14, 2024, the exchanges added. The suspension will continue till such time the company complies with the norms. After 15 days of suspension, trading in the shares of non-compliant company would be allowed on a trade-for-trade basis in (Z category) on the first trading day of every week for six months. As per the BSE, freezing of the entire shareholding of the promoter in the non-complia
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