Brightcom Group Limited Provides Update on Governance and Operational Matters

Brightcom Group Limited Provides Update on Governance and Operational Matters​

Brightcom Group Limited (formerly Lycos Internet Limited) announced on March 24, 2026, that it has initiated a review of operational, financial, and regulatory matters to strengthen governance, compliance, and transparency.

The company is currently regularizing certain filings and procedural requirements and reinforcing systems to improve monitoring and adherence. Efforts are underway to consolidate subsidiary-level information and enhance disclosures relating to financial reporting and corporate structure.

Brightcom Group Limited is collaborating with its auditors and external advisors to strengthen internal controls, improve documentation processes, and ensure access to financial and operational information. The company is actively reviewing legacy matters, including those relating to capital structure and historical transactions, and taking steps towards resolution in accordance with legal and regulatory processes.

Operational oversight is being enhanced through improved reporting structures, internal reviews, and accountability mechanisms. The company is continuing to monitor developments in regions where it operates, including Israel, where operations remain stable with no material impact on business continuity. Brightcom Group Limited has implemented measures to ensure employee safety and operational resilience in Israel.

The company cautioned stakeholders to rely on official disclosures regarding assertions circulating in the public domain. Brightcom Group Limited, led by Executive Director Raghunath A, reaffirmed its commitment to corporate governance and transparent communication.

Source:​