Brightcom Group: SEBI settles officers' case for ₹12.35 lakh, scrutiny continues

• Brightcom Group Ltd., a digital advertising and Ad-Tech company, has a market cap of ₹2200 crore.
• The stock closed at ₹11.39 on Dec 9, has given bonus shares twice, and saw FII holdings drop from 7.97% to 1.59%.
• SEBI closed proceedings against two Brightcom officials, M Manohar and Vijay Bhaskar Reddy, for a settlement of ₹12.35 lakh.
• The SEBI settlement does not imply a clean chit for the company; it only closes specific proceedings, with transparency and audit questions remaining.

Why It Matters: SEBI's Brightcom settlement signals ongoing regulatory scrutiny for investors.