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BRIGHTCOM GROUP LIMITED M&A Activity 2021

Jul 19, 2021

61308_rns_2021-07-19_6f6aa928-746b-4129-9cdd-99b7c9d58554.pdf

M&A Activity

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July 19, 2021

BSE Limited

P. J. Towers, 25[th] Floor, Dalal Street, Mumbai - 400001. Scrip Code: 532368

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. Symbol: BCG

Dear Madam/Sir,

Sub: Update on the proposed Acquisition

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform the Exchanges that the EY India has started the financial due diligence on the target company with whom the Brightcom Group signed a Letter of Intent (LOI) on July 07, 2021.

We have also appointed Tempest Legal Associates to perform legal due diligence and help negotiate a definitive agreement with the legal counsel of the sellers.

This is for your information and records.

Thanking you,

Yours faithfully,

For BRIGHTCOM GROUP LIMITED

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Manohar Mollama Company Secretary & Compliance Officer ACS – 39254

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