Brightcom Group Limited has issued a comprehensive clarification regarding a BSE notice proposing the shifting of its equity shares to the Z/MT group due to regulatory non-compliance. The company addressed concerns raised in BSE Notice No. 20251222-31 dated December 22, 2025, which pertained to non-compliance with Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Issue

The BSE notice specifically addressed non-compliance issues for the quarters ended June 2025 and September 2025. The company has clarified that the matter relates to procedural compliance under Regulation 76, specifically concerning depository-level reporting and reconciliation requirements.

Company's Response and Remedial Actions

Brightcom Group has attributed the procedural delays to a period when the company was simultaneously addressing multiple legacy compliance alignments and system-level reconciliations. The company has implemented several corrective measures to address the compliance gaps.

The remedial actions undertaken include:

• Coordination with Depositories and the Registrar and Transfer Agent to regularize pending submissions
• Strengthening of internal compliance monitoring processes
• Enhancement of review and escalation procedures
• Implementation of measures to prevent similar procedural gaps in the future

Timeline and Expected Resolution

The company has provided a clear timeline for resolving the outstanding compliance issues. According to the clarification, the remaining compliance requirements are in their final stages of completion and are expected to be submitted well before December 30, 2025.

Based on this timeline, Brightcom Group has expressed confidence that the proposed shifting of its equity shares to the Z/MT group will not be required.

Governance and Future Compliance

The company's Board of Directors has reaffirmed its commitment to maintaining high standards of corporate governance and regulatory compliance. The Board has specifically emphasized its focus on timely regulatory compliance and transparent communication with both the Stock Exchange and shareholders.

The clarification was signed by Raghunath Allamsetty, Executive Director with DIN: 00060018, demonstrating senior management involvement in addressing the compliance matter. The company has assured stakeholders that appropriate measures have been implemented to prevent similar procedural gaps from recurring in the future.

Brightcom Group Limited has reported strong operational momentum and improved business fundamentals, demonstrating significant growth across its core digital advertising segments and enhanced financial discipline.

Digital Advertising Performance Shows Robust Growth

The company's digital advertising business continues to demonstrate healthy traction across key global markets. Performance metrics reveal consistent growth patterns across multiple regions and advertising formats.

The growth in Connected TV (CTV) and programmatic advertising segments reflects the resilience and scalability of Brightcom Group's core digital platforms, positioning the company well in the evolving digital advertising landscape.

Financial Discipline and Operational Improvements

Brightcom Group has implemented several measures to strengthen its financial position and operational efficiency. The company has enhanced its credit evaluation processes and tightened monitoring mechanisms, resulting in stronger cash inflows and healthier working capital cycles.

Key operational improvements include:

• Structured centralization of subsidiary funds improving liquidity visibility
• Enhanced capital efficiency and internal capital allocation
• More effective deployment of resources across the Group
• Improved receivables and collections management

Leadership Strengthening with CFO Appointment

The Board of Directors is in advanced stages of appointing a full-time Chief Financial Officer to further strengthen the company's financial controls and regulatory compliance framework.

This appointment aims to enhance listed-company reporting standards, financial controls, audit processes, and regulatory compliance across the organization.

Strategic Business Developments

The company's Defence division remains in early but steady development stages, with current efforts focused on capability building, regulatory alignment, partnerships, and opportunity evaluation. Brightcom Group is approaching this segment with measured execution and long-term strategic intent.

The collaboration with Dailymotion is progressing positively, with early indicators showing strong engagement from advertisers and publishers, positioning the company favorably for upcoming quarters.

Industry Engagement and Transparency Initiatives

Brightcom Group's team plans to participate in CES 2026 in Las Vegas from January 6-9, 2026, as part of continued engagement with the global digital ecosystem. The participation aims to focus on meeting new publishers, reconnecting with partners, and engaging in discussions around programmatic innovation and publisher growth.

The company has announced a new monthly communication initiative, providing structured updates to shareholders covering key actions taken, progress against stated priorities, and material operational developments. This initiative aims to ensure transparent information flow and strengthen shareholder engagement while maintaining full compliance with applicable disclosure norms.