Brightcom Group Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2022 inter alia to consider and approve 1. Inorganic transaction with US-based Digital Audio Firm In February 2022 Brightcom announced the signing of a Letter of Intent (LOI) with a US-based digital audio firm. The company has done the necessary due diligence and the definitive agreement in this regard will be reviewed. 2. Settlement agreement with Daum CommunicationAn agreement to settle the outstanding dispute with Daum Communication with respect to the acquisition deal of Lycos Inc. will be reviewed.
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