Beryl Securities shareholders approved a preferential equity share issue worth up to ₹2,97,99,605 during its 32nd annual general meeting held on August 25, 2026. The resolution passed as a special resolution, allowing the company to raise capital from promoters and public category allottees.

The meeting also saw the adoption of the audited standalone financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and auditors. Additionally, members re-appointed Anshul Gupta as a director liable to retire by rotation.

Preferential Issue Details

The company received approval to issue and allot up to 1,295,635 equity shares with a face value of ₹10 each. The issue price is set at ₹23 per share, which includes a premium of ₹13 per share.

The relevant date for determining the issue price was considered as July 24, 2026, being the immediately preceding trading day to July 26, 2026. The preferential issue is subject to terms outlined in the AGM notice and applicable provisions of the Companies Act, 2013, SEBI ICDR Regulations, and SEBI LODR Regulations.

Use of Proceeds

The approved preferential issue aims to augment the company's capital base for onward lending, both secured and unsecured, to micro, small and medium enterprises (MSMEs) and self-employed borrowers. Additionally, the proceeds will be utilized to meet the general working capital requirements of the company.

Governance Updates

Members passed an ordinary resolution to re-appoint Anshul Gupta (DIN: 09356735) as a director. He retired by rotation and offered himself for re-appointment, receiving the requisite majority vote. The adoption of the FY26 financial statements was also passed as an ordinary resolution with the requisite majority.

Meeting Logistics

The 32nd AGM was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with SEBI LODR Regulations and Ministry of Corporate Affairs circulars. The meeting commenced at 2:00 pm and concluded at 2:14 pm on August 25, 2026. All resolutions set out in the notice were duly passed.

Mr. Vineet Bajpai, Managing Director, chaired the meeting. The Audit Committee Chairperson, Mrs. Neha Sarda, was present to address queries regarding accounts. CS Dipika Kataria served as the scrutinizer for remote e-voting and venue voting.

Beryl Securities reported a sharp rise in profitability for the first quarter of FY27, with net profit after tax jumping 159% year-on-year to ₹37.68 lakh. The broker’s total revenue from operations more than doubled to ₹179.99 lakh in the quarter ended June 30, 2026, compared to ₹81.12 lakh in the same period last year.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 13, 2026, at the company’s registered office in Indore, Madhya Pradesh. The meeting commenced at 2:00 pm and concluded at 4:00 pm. Managing Director Vineet Bajpai signed off on the communication to the Bombay Stock Exchange Limited.

Financial Performance

The company’s pre-tax profit before exceptional items stood at ₹54.79 lakh, up significantly from ₹20.42 lakh in Q1FY26. Basic and diluted earnings per share (EPS) rose to ₹0.78 from ₹0.30 in the corresponding quarter of the previous year.

For the full previous fiscal year ended March 31, 2026, Beryl Securities reported total revenue of ₹428.45 lakh and a net profit after tax of ₹31.74 lakh.

Balance Sheet Position

As of June 30, 2026, the company’s paid-up equity share capital remained unchanged at ₹484.97 lakh. Reserves excluding revaluation reserve increased to ₹561.73 lakh, up from ₹506.86 lakh at the end of the corresponding quarter in FY26. For context, reserves stood at ₹524.05 lakh as of March 31, 2026.

The Board also took note of the limited review report by the auditors for the unaudited financial results of the quarter. Additionally, the board reviewed resolutions passed at the finance committee meetings.