Description

BSE cancels the previously announced shifting of Brightcom Group Ltd and Naksh Precious Metals Ltd to 'Z' group, reversing the decision effective January 02, 2026.

Summary

BSE has cancelled the shifting of two companies - Brightcom Group Ltd (Scrip Code: 532368) and Naksh Precious Metals Ltd (Scrip Code: 539402) - to the ‘Z’ group. This decision reverses the earlier notice dated December 22, 2025 (Notice No. 20251222-31), and these companies will continue trading in their current group instead of being moved to the ‘Z’ group effective January 02, 2026.

Key Points

  • Cancellation applies to two specific companies: Brightcom Group Ltd and Naksh Precious Metals Ltd
  • Reverses earlier decision communicated via Exchange Notice No. 20251222-31 dated December 22, 2025
  • Companies will not be shifted to ‘Z’ group as previously announced
  • All other provisions of the original notice remain unchanged
  • Notice issued by Listing Compliance department

Regulatory Changes

This circular reverses a previous regulatory action. The ‘Z’ group classification is typically used for companies with compliance issues or under surveillance. The cancellation indicates that the concerns leading to the original decision have been addressed or re-evaluated.

Compliance Requirements

  • Market participants should note the updated trading status of the two companies
  • Companies will continue in their existing group classification
  • No additional compliance requirements specified for the affected companies
  • Queries should be directed to bse.soplodr@bseindia.com

Important Dates

  • December 22, 2025: Original notice (20251222-31) announcing shift to ‘Z’ group
  • December 31, 2025: Cancellation notice issued
  • January 02, 2026: Date when the shift to ‘Z’ group was scheduled (now cancelled)

Impact Assessment

Positive Impact for Affected Companies:

  • Brightcom Group Ltd and Naksh Precious Metals Ltd avoid the stigma and trading restrictions associated with ‘Z’ group classification
  • Investors can continue trading these securities under normal conditions
  • Indicates potential resolution of compliance or surveillance concerns

Market Impact:

  • Medium impact as it affects two listed companies and their shareholders
  • Reversal may restore investor confidence in the affected securities
  • Trading liquidity will not be impacted by ‘Z’ group restrictions

Companies Affected:

  1. Brightcom Group Ltd (Scrip Code: 532368)
  2. Naksh Precious Metals Ltd (Scrip Code: 539402)

Impact Justification

Reversal of surveillance action affecting two listed companies, allowing continued normal trading instead of restricted 'Z' group classification