BCG

Feb 14 (Reuters) - Brightcom Group Ltd BRIH.NS:

• DEC-QUARTER CONSOL NET PAT 2.44 BILLION RUPEES

• DEC-QTR CONSOL REV FROM OPS 16.74 BLN RUPEES

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Sept 1 (Reuters) - Brightcom Group Ltd BRIH.NS:

• BOARD IS TAKING APPROPRIATE MEASURES TO REVOKE AUTHORIZATION OF M SURESH KUMAR REDDY, SL NARAYANA RAJU AS SIGNATORIES OF CO AT ALL LEVELS

• SEARCH PROCESS FOR A CEO AND CFO HAS BEEN INITIATED

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** Shares of Brightcom Group BRIH.NS fall as much as 5.04% to hit lower circuit at 19.80 rupees

** Digital marketing solutions provider on Sunday said CEO M Suresh Reddy and CFO Narayana Raju resigned from respective posts

** Resignations follow market regulator Securities and Exchange Board of India (SEBI) ban on Reddy and Raju from holding directorial positions over irregularities in the firm's preferential share allotments

** BRIH on Wednesday said it set up an internal committee to review its options

** Stock on track for fourth consecutive session of decline, if trends hold

** More than 899,000 shares change hands by 10:12 a.m. IST

** Stock down 32.7% YTD

(Reporting by Kashish Tandon and Ashish Chandra in Bengaluru)

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BENGALURU, Aug 23 (Reuters) - India's Brightcom Group BRIH.NS said on Wednesday it has set up an internal team to review its options after the market regulator found "manipulations" in its preferential share allotment and barred two top executives from director posts.

The digital marketing company's shares fell about 5%.

India's market regulator said on Tuesday that Brightcom attempted to "cover-up its misdeeds" by submitting forged and fabricated bank statements, which also raised doubts about the authenticity of the company's historical financial disclosures.

The Securities and Exchange Board of India (SEBI) also barred Brightcom CEO M Suresh Kumar Reddy and Chief Financial Officer Narayan Raju from being directors and restrained Reddy from dealing in any securities.

Brightcom said in a statement that it was consulting legal experts and evaluating potential courses of action. But it did not address any of SEBI's allegations and did not immediately respond to Reuters' requests for comment.

SEBI has previously raised concerns over Brightcom overstating profits. It fined the company and five promoters in June over disclosure and code of conduct violations.

Brightcom's shares fell 4.94% to their lower limit of 23.10 rupees on the day, extending their decline for the year to 21.4%.

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)

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BENGALURU, Aug 22 (Reuters) - India's market regulator on Tuesday barred Brightcom Group's BRIH.NS two top executives from holding directorial positions over irregularities in the marketing firm's preferential share allotments.

The Securities and Exchange Board of India (SEBI), said in an interim order that the group's Chief Executive Officer M Suresh Kumar Reddy and Chief Financial Officer Narayan Raju will cease to hold positions of a director in any listed company or its units, until further orders.

SEBI said that it found "manipulations" carried out by Brightcom in its preferential allotments, and restrained Reddy from buying, selling or dealing in securities.

In June, SEBI imposed a penalty of 4 million rupees ($48,204.39) on six entities, including the group, over alleged disclosure and code of conduct violations.

The Hyderabad-based company was embroiled in various disputes with the market regulator in the past, including concerns over overstating profits in its financial documents.

($1 = 82.9800 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; editing by Eileen Soreng)

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June 13 (Reuters) - Brightcom Group Ltd BRIH.NS:

• INDIA MARKETS REGULATOR SLAPS A PENALTY OF 4 MILLION RUPEES ON 6 ENTITIES INCLUDING BRIGHTCOM GROUP

• SEBI: PENALTY ON 6 ENTITIES INCLUDING BRIGHTCOM FOR VIOLATIONS OF VARIOUS PROVISIONS, INCLUDING DISCLOSURE VIOLATIONS, CODE OF CONDUCT VIOLATIONS

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June 9 (Reuters) - Brightcom Group Ltd BRIH.NS:

• FY24 REVENUE OUTLOOK AT 91.96 BILLION RUPEES TO 96.68 BILLION RUPEES

• FY 2023-24 PAT OUTLOOK BETWEEN 16.59 BLN RUPEES - 17.44 BLN RUPEES

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June 5 (Reuters) - Brightcom Group Ltd BRIH.NS:

• FULLY COOPERATING WITH SEBI TO ADDRESS CONCERNS RELATED TO FINANCIAL STATEMENTS

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