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Brightcom Group informs about updates

Brightcom Group has informed that the Company, as part of its ongoing efforts to further strengthen governance, compliance, and transparency, has initiated a structured review and alignment of certain operational, financial, and regulatory matters. In this regard, the Company provides the following updates: 1. Regulatory Compliances: The Company has undertaken a review of its compliance framework and is in the process of regularizing certain filings and procedural requirements. Systems and processes are being reinforced to ensure improved monitoring and timely adherence going forward. 2. Financial Reporting and Subsidiaries: The Company is in the process of consolidating subsidiary-level information and enhancing disclosures relating to financial reporting, corporate structure, and operational visibility across entities. 3. Audit and Internal Controls: The Company is working closely with its auditors and external advisors to strengthen internal control mechanisms, improve documentation processes, and ensure seamless access to relevant financial and operational information. 4. Capital Structure and Legacy Matters: Certain legacy matters, including those relating to capital structure and historical transactions, are being actively reviewed, with appropriate steps being taken towards resolution in accordance with applicable legal and regulatory processes. 5. Operational Oversight: The Company is implementing measures to enhance operational oversight, including improved reporting structures, internal reviews, and accountability mechanisms across key functions. 6. Ongoing Legal and Strategic Matters: The Company continues to engage in certain ongoing legal and strategic matters and will make disclosures, as required, upon material developments in compliance with applicable regulations. 7. International Operations (Israel): The Company continues to monitor developments in regions where it has operations, including Israel. At present, the Company’s operations remain stable, and there has been no material impact on business continuity. The Company has undertaken appropriate measures to ensure employee safety and operational resilience and will continue to closely monitor the situation. The Company notes that certain communications that may be circulating in the public domain contain assertions that are either incomplete or not fully aligned with the factual and regulatory position, and stakeholders are advised to rely on official disclosures made by the Company. The Company remains committed to maintaining high standards of corporate governance and ensuring transparent communication with its stakeholders, in compliance with applicable laws and regulatory obligations governing disclosure of information.

The above information is a part of company’s filings submitted to BSE.