5323682025-01-012025-03-315323682025-03-315323682024-03-315323682024-04-012025-03-315323682025-01-012025-03-31in-capmkt:OtherExpenses1Member5323682024-04-012025-03-31in-capmkt:OtherExpenses1Member5323682025-01-012025-03-31in-capmkt:ReportableSegments1Member5323682025-01-012025-03-31in-capmkt:ReportableSegments2Member5323682024-04-012025-03-31in-capmkt:ReportableSegments1Member5323682024-04-012025-03-31in-capmkt:ReportableSegments2Member5323682025-01-012025-03-31in-capmkt:ReportableSegments1Member5323682025-01-012025-03-31in-capmkt:ReportableSegments2Member5323682024-04-012025-03-31in-capmkt:ReportableSegments1Member5323682024-04-012025-03-31in-capmkt:ReportableSegments2Member5323682025-01-012025-03-31in-capmkt:ReportableSegments1Member5323682025-03-31in-capmkt:ReportableSegments1Member5323682025-01-012025-03-31in-capmkt:ReportableSegments2Member5323682025-03-31in-capmkt:ReportableSegments2Member5323682025-01-012025-03-31in-capmkt:ReportableSegments1Member5323682025-03-31in-capmkt:ReportableSegments1Member5323682025-01-012025-03-31in-capmkt:ReportableSegments2Member5323682025-03-31in-capmkt:ReportableSegments2Member5323682025-01-012025-03-31AuditorDomain15323682025-01-012025-03-31in-capmkt:AuditedMember5323682025-03-31in-capmkt:AuditedMember5323682025-01-012025-03-31in-capmkt:AdjustedMember5323682025-03-31in-capmkt:AdjustedMember5323682025-01-012025-03-31AuditQualification15323682025-01-012025-03-31AuditQualification25323682025-01-012025-03-31AuditQualification35323682025-01-012025-03-31AuditQualification4iso4217:INRxbrli:pureiso4217:INRxbrli:shares532368BCGNOTLISTEDINE425B01027Brightcom Group LimitedMain BoardEquity2024-04-012025-03-312025-05-302025-05-23INRLakhsQuarterlyFourth quarterGeographical2025-05-3019:45:002025-05-3021:50:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated9874944000-1530009874791000613818200000526968000390008219460006466540008133789000174100200001741002000557719000-234860005342330000120676900000001206769000-360530001170716000403704400020.60.6000.60.60002024-04-012025-03-31AuditedConsolidated51466723000-15300051466570000316989040000026185140002030003068752000393324500041319618000101469520000101469520003108707000-62136000304657100007100381000000071003810001946376000904675700040370440002738087300003.523.52003.523.52000The Company has no debtThe Company has no debtThe Company has no debtOther Expenses646654000Other Expenses39332450002262160001817849000219500009510950000197134500000582949600001135708000188400000715360400019142100034897200021222552000003926402700011528686000528500021521580000445926300076778841000007677884100000980013930004037044000828554880008689253200086892532000000000105765000308560001366210000035891720003589172000461499900082041710000276806900010972240000001110886100098001393000(a) Digital Marketing Segment8915247000(b) Software Development Segment959697000(a) Digital Marketing Segment47331185000(b) Software Development Segment413553800098749440005146672300000987494400051466723000(a) Digital Marketing Segment1738014000(b) Software Development Segment3027000(a) Digital Marketing Segment10141808000(b) Software Development Segment53470001741041000101471550003900020300000174100200010146952000(a) Digital Marketing Segment94673330000(b) Software Development Segment332806300098001393000098001393000(a) Digital Marketing Segment9784762000(b) Software Development Segment13240990001110886100001110886100000-28423030000-70083980000017546400005298460000414495000030687520000034155000314700000000000000-562484200045221100000002742286000017798240000000000000000001817849000000000197134300000000000-378919200000000000000000-41626000-41626000-20509940001501463000-549531000120835020001153397100036053000-194637600000-360530001946376000AuditedQualified opinionPR Chandra & Cotrue2027-10-3151466570000514665700004131961800041319618000710038100071003810003.523.529800139300098001393000111088610001110886100086892532000868925320002) The company's revenue is predominantly derived from its foreign branch in the USA, which represents a significant part of its financial performance. To ensure this accuracy we have relied on the financial statements of the foreign branch in the USA which have been confirmed by their Certified Public Accountant (CPA). We have not conducted any audit procedures on the said financial statements and have solely relied on the said Audited numbers pertaining to the Branch in the audit of Standalone financial statements of the Company. <br></br> Qualified opinionSince how long continuingNot QuantifiedWe agree with Auditor's qualifications. Hence, there is no impact on the financialsWe agree with Auditor's qualifications. Hence, there is no impact on the financialsAgreed <br></br> 1) Considering the SEBIs Interim order cum show clause Notice Dated 13th April 2023, they have made the following observations. <br></br> <br></br> <br></br> <br></br> 4.a. As referred in Point No. 72, the companys investment in Ybrant Media Acquisition Inc, one of the subsidiaries of the company has negative equity/net worth indicating the existence of an indicator of impairment. But the company has neither impaired nor created any provision against the value of Investments in Ybrant Media Acquisition Inc. <br></br> <br></br> <br></br> <br></br> 4.b. As referred in Point No. 177[e] the company has to disseminate the standalone financial statements of each of its subsidiaries on its website within 15 days from the date of this order for the period between FY 2014-15 and FY 2021-22. <br></br> <br></br> <br></br> <br></br> 4.c. The opening balances of Investments, receivables and payables with related to subsidiaries in standalone financial statements are subject to the confirmation of peer review auditor and due to its consequent effect, the closing balances thereof are also subject to variation. <br></br> <br></br> <br></br> <br></br> 4.d.The company has not made any provision for impairment of investments of Rs.16,886.81 lakhs made in M/s Vuchi Media Private Limited despite the fact that the proposed acquisition transaction was revoked by both the parties and have cancelled the definitive share purchase agreement that was entered into. And also equity shares allotted to M/S Vuchi Media Private Limited are pending for cancellation subject to the legal process completion. <br></br> <br></br> <br></br> <br></br> 4.e. The promotors shareholding is based on available information and may change, as the company has appealed against SEBIs interim order dated 22nd August 2023 and subsequent confirmatory order dated 28th February 2024. The proceedings are ongoing. <br></br> Qualified opinionSince how long continuingNot QuantifiedIn response to the qualifications by the Statutory Auditors in Audit report, the Companys responses are given below: <br></br> <br></br> <br></br> <br></br> 4.a. YMA used to own the asset, LYCOS Inc. That is currently under the receivership of the seller (Daum). The Company is in process of settling and hence investment is not yet impaired. <br></br> <br></br> <br></br> <br></br> 4.b. The Company presented the Financial statements of its subsidiaries in the company websites and the same intimated to the Exchange as on April 28, 2023. <br></br> <br></br> <br></br> <br></br> 4.d. 1,40,00,000 Equity shares allotted to Vuchi Media and its owners will be annulled, the legal process is underway. <br></br> <br></br> <br></br> <br></br> 4.e. The Company filed its clarification and reply to the Show Cause Notice. The company has also filed Appeals before the Securities Appellate Tribunal, bearing No. 941 / 2023 and 474 / 2024. The proceedings are ongoing. <br></br> In response to the qualifications by the Statutory Auditors in Audit report, the Companys responses are given below: <br></br> <br></br> <br></br> <br></br> 4.a. YMA used to own the asset, LYCOS Inc. That is currently under the receivership of the seller (Daum). The Company is in process of settling and hence investment is not yet impaired. <br></br> <br></br> <br></br> <br></br> 4.b. The Company presented the Financial statements of its subsidiaries in the company websites and the same intimated to the Exchange as on April 28, 2023. <br></br> <br></br> <br></br> <br></br> 4.d. 1,40,00,000 Equity shares allotted to Vuchi Media and its owners will be annulled, the legal process is underway. <br></br> <br></br> <br></br> <br></br> 4.e. The Company filed its clarification and reply to the Show Cause Notice. The company has also filed Appeals before the Securities Appellate Tribunal, bearing No. 941 / 2023 and 474 / 2024. The proceedings are ongoing. <br></br> Agreed5) In the process of acquiring M/s Vuchi Media Private Limited BCG has paid consideration to the tune of 29.83% by allotting 1,40,70,000 equity shares at a price of Rs.120.02. But later on, the proposed acquisition transaction was revoked by both the parties and have cancelled the definitive share purchase agreement that was entered into. In view of the above cancellation of deal, the company has not considered M/s Vuchi Media Private Limited as an associate company in the consolidated financial statements. <br></br> Qualified opinionSince how long continuingNot Quantified5. 1,40,00,000 Equity shares allotted to Vuchi Media and its owners will be annulled, the legal process is underway. 5. 1,40,00,000 Equity shares allotted to Vuchi Media and its owners will be annulled, the legal process is underway. Agreed6) SEBI has issued a show-cause notice and an interim order dated 13-04-2023, observing certain irregularities, followed by interim order dated 22-08-2023 and confirmatory order dated 28-02-2024. The company preferred appeals against the show-cause notice dated 13-04-2023 and interim order dated 22-08-2023, vide appeal nos. 941 of 2023, 942 of 2023 this appeal has been withdrawn subsequent to the issuance of Confirmatory Order on 28-02-2024 and appeal No. 474 of 2024 has been filed before the Hon'ble Securities Appellate Tribunal and the proceedings are ongoing with respect to Appeal No.'s 941 of 2023 and 474 of 2024. We are not able to express an opinion on the issues covered by the said show-cause notice and interim orders, due to lispendency. The management of the company is yet to report the status of the compliance of the directions issued by SEBI in the confirmatory orders dated 28-02-2024. <br></br> Qualified opinionSince how long continuingNot Quantified6. We have withdrawn appeal No. 941 / 2023 filed before Securities Appellate Tribunal as a final order was issued on February 6, 2025. We have filed a writ petition in Telangana high court against that order. High court granted interim relief on penalty portion and remaining parts are yet to be reviewed and court has observed prima facie that the penalty imposed is not sustainable. Action will be taken based on the outcome of this case. The proceedings with regard to appeal No. 474 / 2024 are ongoing before the Securities Appellate Tribunal. <br></br> 6. We have withdrawn appeal No. 941 / 2023 filed before Securities Appellate Tribunal as a final order was issued on February 6, 2025. We have filed a writ petition in Telangana high court against that order. High court granted interim relief on penalty portion and remaining parts are yet to be reviewed and court has observed prima facie that the penalty imposed is not sustainable. Action will be taken based on the outcome of this case. The proceedings with regard to appeal No. 474 / 2024 are ongoing before the Securities Appellate Tribunal. <br></br> AgreedRaghunath AllamsettyRaghunath AllamsettyPaladugu Venkata Subba RaoPR Chandra & CoRaghunath Allamsetty, Executive DirectorHyderabad2025-06-16