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Final order in the matter of Brightcom Group Ltd. in respect of Allam Raghunath and Subrato Saha

SEBI closed 2025
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What is this order about?

This order concerns Brightcom Group Ltd. and its directors Allam Raghunath and Subrato Saha, addressing violations of accounting standards and listing regulations related to financial misstatements from 2014-15 to 2019-20.

Who it concerns

Brightcom Group Ltd., Allam Raghunath, Subrato Saha

What was found or directed

  • Non-compliance with accounting standards (AS 26, Ind AS 38, Ind AS 36) for FYs 2014-15 to 2019-20
  • Failure to ensure financial statements presented true and fair view
  • False declaration by Allam Raghunath regarding independence
  • Violations of LODR Regulations and Listing Agreement
  • No penalty imposed on the noticees as per the order
Source bodySecurities & Exchange Board of India (SEBI) — enforcement orders
Reference numberWTM/AN/CFID/CFID
Statusclosed (section: order)
Year2025
Closing date
Documents1

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Documents

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Order 2025-10-06 1759753202973_1.pdf
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