Brightcom Group Limited has announced a comprehensive review of its governance, compliance, and operational framework in a regulatory disclosure dated March 24, 2026. The company stated it has initiated a structured review and alignment of operational, financial, and regulatory matters to further strengthen governance, compliance, and transparency standards.

Regulatory Compliance Enhancements

The company has undertaken a thorough review of its compliance framework and is actively regularizing certain filings and procedural requirements. Brightcom Group is reinforcing systems and processes to ensure improved monitoring and timely adherence to regulatory obligations going forward.

Financial Reporting and Internal Controls

Significant steps are being taken to enhance financial transparency and operational visibility. The company's key initiatives include:

Brightcom Group is working closely with its auditors and external advisors to strengthen internal control mechanisms and ensure seamless access to relevant financial and operational information.

Legacy Matters and Capital Structure

The company is actively reviewing certain legacy matters, including those relating to capital structure and historical transactions. Appropriate steps are being taken towards resolution in accordance with applicable legal and regulatory processes.

Operational Oversight and International Operations

Enhanced operational oversight measures are being implemented, including improved reporting structures, internal reviews, and accountability mechanisms across key functions. Regarding international operations, the company continues to monitor developments in regions where it has operations, including Israel. At present, the company's operations remain stable with no material impact on business continuity. Appropriate measures have been undertaken to ensure employee safety and operational resilience.

Stakeholder Communication

The company noted that certain communications circulating in the public domain contain assertions that are either incomplete or not fully aligned with the factual and regulatory position. Stakeholders are advised to rely on official disclosures made by the company. Brightcom Group remains committed to maintaining high standards of corporate governance and ensuring transparent communication with stakeholders in compliance with applicable laws and regulatory obligations.

Brightcom Group Limited has announced a significant governance enhancement with its Board of Directors approving the continuation of the Process & Compliance Review Committee as a permanent standing committee. The decision was communicated to stock exchanges on February 17th, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Background and Rationale

The Process & Compliance Review Committee was originally established in January 2026 to address immediate requirements relating to process review, compliance alignment, and strengthening of internal governance mechanisms. Following the Board's assessment of its constructive functioning and effectiveness, the committee has now been institutionalized on a permanent basis to support ongoing governance and compliance oversight.

Key Responsibilities and Mandate

The permanent committee will operate with a comprehensive mandate focused on strengthening the company's governance framework:

Committee Composition

The committee operates under a three-member structure with clearly defined leadership:

Governance Impact

The Board believes that institutionalizing this committee on a permanent basis will further strengthen structured oversight and enhance governance mechanisms. The committee functions under clearly defined terms of reference approved by the Board and operates within the overall authority and responsibility of the Board and its statutory committees. This permanent structure is designed to ensure continued responsiveness to regulatory and compliance requirements while maintaining robust internal governance standards.

The announcement was signed by Executive Director Raghunath Allamsetty (DIN: 00060018) and communicated to both BSE Limited (Scrip Code: 532368) and National Stock Exchange of India Limited (Symbol: BCG) as part of the company's regulatory disclosure obligations.