NSE to suspend trading in Shankar Sharma portfolio stock Brightcom Group from June 14

nse to suspend trading in shankar sharma portfolio stock brightcom group from june 14

NSE said trading in Brightcom Group shares will be suspended from June 14, 2024, until the company complies with the Master Circular. Photo: Aniruddha Chowdhury/Mint

National Stock Exchange (NSE), in a circular on Tuesday, May 14, announced that trading in Brightcom Group shares will be suspended from June 14, 2024, until the company complies with the Master Circular.

"Trading in securities of the above-mentioned Company would be suspended w.e.f. June 14, 2024, and the suspension will continue till such time the company complies with Master Circular," NSE said.

"Brightcom Group has not complied with requirements of Regulation 33 (i.e. the submission of financial results) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) for two consecutive quarters’ i.e. September 30, 2023 and December 31, 2023. Hence, the trading in securities of Brightcom Group Limited shall be suspended w.e.f. June 14, 2024." NSE said.

After 15 days of suspension, trading in the stock would be allowed on a trade-for-trade basis in the Z category on the first trading day every week for six months, NSE said.

Brightcom Group share price fell over 5 per cent to the level of ₹12.25 apiece on NSE on Wednesday, May 15.

(More to come)

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