<h1>Brandbucket Media & Technology Ltd Board Meeting Approves Director Appointment and Reviews DGGI Penalty Notice</h1>
Board meetings held by Brandbucket Media & Technology Ltd resulted in several key operational updates, including the appointment of a new director, review of a regulatory notice from the Directorate General of Goods and Services Tax (DGGI), and postponement of financial result approvals.
The company confirmed the appointment of Mr Ajay Das (DIN 11812819) as an Additional Director of the Company, effective from July 8, 2026. This appointment is subject to regularization at the upcoming Annual General Meeting (AGM) or Extraordinary General Meeting (EGM).
The Board received and thoroughly reviewed a show-cause notice issued by DGGI Bangalore. The notice outlined penalties amounting to INR 20,45,65,858 under Section 122(1)(ii) and INR 28,85,85,966 under Section 122(1)(vii) of the Central Goods and Services Tax Act, 2017. The company expressed disagreement with the notice's findings and stated its intention to challenge these matters before the adjudicating authorities.
The penalties and sections cited in the DGGI notice are detailed below:
| Section of CGST Act | Penalty Amount (INR) |
|---|---|
| 122(1)(ii) | 20,45,65,858 |
| 122(1)(vii) | 28,85,85,966 |
Regarding financial reporting, the Board decided to postpone the approval of audited and unaudited Standalone and Consolidated Financial Results for various periods. The postponement was attributed to the preoccupation of the auditor. These results include those pertaining to the half year ending September 30, 2025, the full year ended March 31, 2025, and the half and full year ending March 31, 2026. A subsequent Board Meeting is scheduled for July 13, 2026, to approve these financial results.
Stock Price Movement
Brandbucket Media & Technology Ltd settled at ₹4.90 on Tuesday, advancing 4.93% in the trading session. The stock navigated an intraday range, touching a low of ₹4.55 and hitting a high of ₹4.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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