<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 AMENDMENT NO.2

                                                                                
         ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED MARCH 31, 1997

                         COMMISSION FILE NUMBER 1-13588

                             THE WIDECOM GROUP INC.
             (Exact Name of Registrant as specified in its Charter)

       ONTARIO, CANADA                                         98-0139939
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                             Identification No.)

  267 MATHESON BOULEVARD EAST, MISSISSAUGA, ONTARIO, CANADA       L4Z 1X8
         (Address of principal executive offices)               (Zip Code)

                                 (905) 712-0505
              (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

                                                        NAME OF EACH EXCHANGE ON
        TITLE OF EACH CLASS                                  WHICH REGISTERED
        -------------------                                  ----------------
COMMON STOCK, PAR VALUE $.01 PER SHARE                   NASDAQ SMALL CAP MARKET
WARRANTS TO PURCHASE COMMON STOCK                        BOSTON STOCK EXCHANGE


Securities registered pursuant to Section 12(g) of the Act:


        TITLE OF EACH CLASS
               NONE

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter periods that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.

         The aggregate market value of the voting and non-voting common equity
held by non-affiliates of the registrant based upon the closing sale price of
the registrant's common stock on the Nasdaq SmallCap Market as of July 7, 1997
was approximately $9,948,089.

         The number of shares outstanding of registrant's common stock as of
June 30, 1997 was 5,565,251 shares


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                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

Date: December 12, 1997                  THE WIDECOM GROUP INC.


                                        By: /s/ RAJA S. TULI
                                           ------------------------------------
                                        Raja S. Tuli Chief Executive Officer
                                        and President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed by the following persons on behalf of the registrant and in the
capacities and on the date indicated.

<TABLE>
<CAPTION>
     NAME                                 TITLE                                 DATE
     ----                                 -----                                 ----
<S>                         <C>                                            <C>    
/s/ RAJA S. TULI            President, Chief Executive Officer and
Raja S. Tuli                Director (Principal Executive Officer)        December 12, 1997
                                                                                 

/s/ WILLEM J. BOTHA         Treasurer and Chief Financial Officer         December 12, 1997
Willem J. Botha             (Principal Financial and Accounting
                            Officer)

/s/ SUNEET S. TULI          Executive Vice President of Sales and         December 12, 1997
Suneet S. Tuli              Marketing, Secretary and Director

/s/ BRUCE D. VALLILLEE      Director                                      December 12, 1997
Bruce D. Vallillee

/s/ AJIT SINGH              Director                                      December 12, 1997
Ajit Singh
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                                EXHIBIT INDEX
                                -------------
<TABLE>
<CAPTION>
EXHIBIT
NO.               DESCRIPTION
---               -----------
<S>               <C>                                                           
10.1              Distributor Agreement between The Widecom Group Inc. and CADigitizing
                  Corporation, dated May 6, 1997.

                  Portions of this exhibit has been omitted
                  pursuant to a request for confidential
                  treatment.

10.2              Distributor Agreement between The Widecom Group Inc. and Scan Group, dated
                  September 8, 1996.

                  Portions of this exhibit has been omitted pursuant to a request for
                  confidential treatment.

10.3              Distributor Agreement between the Widecom Group Inc. and The Imtec Group
                  Limited, dated November 15, 1996.

                  Portions of this exhibit have been omitted pursuant to a request for
                  confidential treatment.

21.               List of subsidiaries.*

23.               Consent of BDO Dunwoody, independent accountants.*

27.               Financial Data Schedule.*

</TABLE>


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  * Previously Filed.