Brightcom Group Board Approves Permanent Process & Compliance Review Committee
Brightcom Group Limited's Board of Directors has approved the continuation of the Process & Compliance Review Committee as a permanent standing committee. Originally established in January 2026, the committee will now operate permanently to enhance governance mechanisms and ensure regulatory compliance. The three-member committee, chaired by Mr P. Leo Ganesan, will focus on process improvements, compliance oversight, and strengthening internal governance across the organization.
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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:
| Responsibility Area: | Details |
|---|---|
| Process Enhancement: | Review and recommend improvements to operational processes, internal controls, and compliance framework |
| Policy Review: | Examine adequacy of policies, standard operating procedures, and documentation practices |
| Implementation Oversight: | Monitor implementation of process improvements and corrective measures |
| Regulatory Compliance: | Ensure alignment with Companies Act 2013, SEBI regulations, and other applicable laws |
| Information Flow: | Oversee timely and accurate information flow to regulators including SEBI |
| Board Reporting: | Periodically report observations and recommendations to the Board |
Committee Composition
The committee operates under a three-member structure with clearly defined leadership:
| Position: | Member Name |
|---|---|
| Chairman: | Mr P. Leo Ganesan |
| Member: | Mr P. V. Subba Rao |
| Member: | Mr Raghunath Allamsetty |
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.
Historical Stock Returns for Brightcom Group
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.18% | +12.85% | +26.66% | -19.09% | -41.04% | +234.52% |
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