Brightcom Group to declare Q4 FY24 results on November 17, shares schedule for other events

Brightcom Group, whose shares are currently suspended for regular trading and only trade under the trade-for-trade mechanism, announced in its weekly update on Sunday that it will announce its fourth quarter results for financial year 2024 on Sunday, November 17.

It will also hold a conference call for investors regarding the fourth quarter results on Tuesday, November 19.

The company will also announce full year financial results for fiscal 2024 on completion of the audit, it said in the weekly update presentation.

With regards to the revocation of its trading suspension status, the company said that it has met key compliance milestones set by the exchanges and it discussions are ongoing to finalise all alignments proactively.

It further highlighted that the revocation application is progressing positively and the exchange approval is awaited for the same, though it did not share a timeline as to by when the approval is awaited.

Brightcom Group will also declare its first and second quarter results for financial year 2025, although it did not share a timeline for the same in the presentation. It is scheduled to hold its Annual General Meeting (AGM) for financial year 2023, on Thursday, November 21.

The Brightcom Group shares have been suspended for regular trading for five months now, leaving over 6.5 lakh small shareholders in the lurch. They only trade in the trade-for-trade segment and are categorized in the 'Z' group of stocks, where trading takes place only on the first trading day of the week.

As per the September shareholding pattern, small retail investors, or those with authorised share capital of up to ₹2 lakh, hold a 44.24% stake in the company. In absolute terms, there are 6.4 lakh small shareholders who have shares of the company.