Brightcom Group Ltd approves appointment of M Suresh Kumar Reddy as MD and CEO

The Board of Directors of Brightcom Group Limited met on Wednesday, July 16, 2025, and approved the appointment of Managing Director and Chief Executive Officer.

The Board gave effect to the appointment of Mr. M. Suresh Kumar Reddy (DIN: 00140515) as Managing Director and Chief Executive Officer (MD & CEO) of the Company, in line with the ordinary resolution passed by shareholders at the Extraordinary General Meeting held on April 30, 2025, wherein an overwhelming majority of 85% voted in favour of his appointment.

As per the shareholder approval, his tenure shall be for a period of five (5) years with effect from April 30, 2025, i.e., up to April 29, 2030.

Mr. Reddy is currently under restraint from dealing with the securities market and has appealed the matter before the appropriate judicial bodies, where the matter remains sub judice.

In keeping with its fiduciary obligation to the general body of shareholders, the Board resolved to implement the appointment to the extent legally permissible. Accordingly, Mr. Reddy shall take charge of the operational and managerial responsibilities of the Company and shall not participate in any decisions or actions relating to the securities market until the necessary clearances are obtained.

The Board discussed the Company's future direction and requested the newly appointed MD & CEO, who is also the Promoter and has been closely involved in building the Company from inception, to work with the extended management team to develop a comprehensive roadmap for the next phase of growth.

The Board emphasized the importance of exploring new technology areas, including AI/ML-driven solutions not only within advertising but also in adjacent digital ecosystems, where the Company has been active and sees tremendous long-term potential.

The roadmap is expected to focus on areas where our people, culture, and ecosystem can best survive and flourish, while building on Brightcom's core competencies in digital media, innovation, and scalable platform technologies. The management has been asked to present an initial outline in the forthcoming meetings.

Shares of Brightcom Group Limited was last trading in BSE at Rs. 18.49 as compared to the previous close of Rs. 19.46. The total number of shares traded during the day was 462084 in over 1105 trades.

The stock hit an intraday high of Rs. 18.49 and intraday low of 18.49. The net turnover during the day was Rs. 8543933.00.

Source : Equity Bulls

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