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Outcome of the board meeting is very very positive. Key points
1 No QIP to be raised immediately meaning as and when funds will be raised it will at a higher and right price so that there is no significant equity dilution. Permission will be taken from Shareholders at that time..
2 A new independent subsidiary called Brightcom Defence will be formed which will be scaled up rapidly initially with 20 to 25 employees to be raised to 100 within a year. Experts in this field will be taken and there is always Mr Prahlada as an advisor
MOUs with CQT and Dynamo two American companies have already been signed and more in the works.
3 Most importantly the receivable days have improved and all the excess income in the subsidiaries will be brought under a single umbrella to be controlled by the parent and used for expansion and new ventures.
4 The general ad tech industry has shown a grown of around 8 to 9 percent post the dip in 2024 and am sure our company Brightcom Group limited will perform better than that as it has been adding publishers and customers at a rapid pace. In these uncertain times a double digit growth in profits which is expected is great. 5 Moreover looking at the progress Q3 is bound to be a bumper quarter. ( 222 days ago )
  acepace1  36 followers
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