Zee Business Investigation Impact: BCG clears air around bonus shares listing, credit to shareholders' demat account | All details here

BCG bonus shares listing date: In good news for BCG (BrightCom Group) shareholders, Zee Business investigation on bonus share listing has paid dividend as the firm has confirmed tentative dates for listing and credit to shareholders' demat account.  

After Zee Business investigation into the matter, the company in a regulatory filing said they are hopeful of getting approval for listing of bonus shares from exchanges on Friday, May 13, and the same would be credited to investors' accounts by May 19. 

"We are expecting final listing approval from the exchanges by Friday, May 13, 2022. Subsequent steps to deposit the bonus shares into all the shareholders accounts can be expected to be completed on or before Thursday, May 19, 2022," it said in a regulatory.  

#ZeeBusiness के इन्वेस्टिगेशन का असर..#BrightcomGroup के मैनेजमेंट का बयान -

बोनस शेयर लिस्टिंग को 13 मई को एक्सचेंज से मंजूरी संभव..

19 मई तक बोनस शेयर डीमैट अकाउंट में क्रेडिट होंगे..@AnilSinghvi_ | @AshishZBiz | @deepdbhandari pic.twitter.com/rJf5kBoiNt

— Zee Business (@ZeeBusiness) May 12, 2022

Earlier, upon receiving requests from several shareholders of the company, Zee Business launched an investigation into the matter. Despite several attempts, neither the RTA nor the exchanges were able to give a clear answer on the listing of bonus shares.  

When Zee Business contacted them, they said that they have not been provided with any confirmation of the same from the company.  

Here is what happened when Zee Business spoke to the RTA | Watch full video and telephonic conversation here:  

निवेशकों के हक के लिए #ZeeBusiness ने फिर उठाई आवाज़

Brightcom Group पर ज़ी बिज़नेस का बड़ा इन्वेस्टिगेशन#Brightcomgroup में क्या हो रहा है?

निवेशकों को क्यों नहीं मिल रहे बोनस शेयर?♦️

देखिए बड़ा इन्वेस्टिगेशन यहां...@AnilSinghvi_ @AshishZBiz pic.twitter.com/bVH2AU8xOL

— Zee Business (@ZeeBusiness) May 11, 2022

Earlier, the board of directors of BCG had approved bonus shares on January 25, 2022.  

Below is the full statement of the company filed to the exchanges on May 12, 2022  

Sub: Update on the Bonus Shares Issuance & credit 

Further to the update given to the Shareholders through the Exchanges vide our notification dated April 28, 2022 regarding the issuance & credit of Bonus Shares, which the Company's Board approved on January 25, 2022, and also concerning the queries of one of the leading Business News Channels that appeared yesterday, we wish to update the Shareholders in this regard with the following facts. 

The Company has already filed the requisite Listing Application for Bonus Issue with both the Stock Exchanges regarding the permissions to list the bonus shares by submitting all the requisite documents including Board & Shareholders Resolutions, Auditor Certificates, Annexures and others. 

At the time of considering the Bonus, the paid-up share capital of the Company was at Rs. 208.32 Crore and the Company has decided to set Wednesday, March 16, 2022, as the Record Date to ascertain the eligibility of shareholders entitled to the issuance of Bonus Shares. 

Therefore, to avail the benefit of Bonus Issue, the subscribers to the pending Preferential Issues have decided to subscribe for their preferential issue of equity shares for which the Company has made the allotments on January 23, 2022, January 25, 2022, February 03, 2022 and March 09, 2022 respectively followed by listing applications to theStock Exchanges, Corporate Actions with the Depositories in consultation with our RTA and Final Trading Applications with the Stock Exchanges. 

We are expecting final listing approval from the exchanges by Friday, May 13, 2022. Subsequent steps to deposit the bonus shares into all the shareholders accounts can be expected to be completed on or before Thursday, May 19, 2022. 

We will keep the shareholder community and the media informed as we get past these actions.  

This information is provided according to Regulation 30 of SEBI (LODR) Regulations, 2015. Request you to kindly take note of it. 

Meanwhile BCG has been a proven multibagger. As on May 12, 2022, share has given over 1400% return in the past one year and has given over 2800% in the last two year. On Thursday, around 1 PM, BCG shares were trading with 5% discount to RS 61.95 per share on the BSE.