Archive · 10 Dec 2025
Former Brightcom Officials Settle SEBI Case
Two former officials of a company called Brightcom Group Ltd have settled a case with SEBI, the markets regulator in India.
They were accused of not following the rules properly.
One of them, M Manohar, was supposed to make sure the company shared the right information with the stock exchanges, but he didn't.
The other, Vijaya Bhasker Reddy, was supposed to make sure the company's financial reports were accurate, but he didn't.
They both agreed to pay a fine of ₹12.35 lakh each.
Manohar can't work with the company or its related companies for one year, and Reddy can't for two years.
They settled the case without saying they did anything wrong or right.
SEBI has now closed the case against them.
Two former officials of Brightcom Group Ltd settled a case with SEBI for flouting regulatory norms.
M Manohar and Vijaya Bhasker Reddy each paid ₹12.35 lakh as part of the settlement.
Manohar agreed not to associate with BGL or its group companies for one year.
Reddy agreed to a two-year non-association period with BGL.
The case involved allegations of non-disclosure of a forensic audit and inaccurate financial statements.
- Who
- Two former officials of Brightcom Group Ltd (M Manohar and Vijaya Bhasker Reddy)
- What
- Settlement of a case with SEBI for flouting regulatory norms
- When
- The settlement was reached in September 2024, following an investigation covering financial years 2014-15 to 2019-20. Complaints were received between October 2020 and March 2021.
- Where
- New Delhi, India
- Why
- To resolve allegations of non-disclosure of a forensic audit, inaccurate financial statements, and non-compliance with regulatory norms without admitting or denying the findings.
- Company
- Brightcom Group Ltd (BGL)
- Regulator
- Securities and Exchange Board of India (SEBI)
- Settlement Amount
- ₹12.35 lakh each
- Non-Association Period for Manohar
- 1 year
- Non-Association Period for Reddy
- 2 years
- Investigation Period
- 2014-15 to 2019-20
- Complaints Period
- October 2020 to March 2021
- Settlement Date
- September 2024