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.

Beryl Securities Limited issued a corrigendum to its 32nd Annual General Meeting (AGM) notice on August 1, 2026, to rectify clerical errors in the pre-preferential issue holding percentages of proposed allottees. The correction, disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures accurate transparency ahead of the AGM scheduled for August 25, 2026. The meeting will seek shareholder approval for a ₹2.98 crore preferential allotment of equity shares and the re-appointment of director Anshul Gupta. The corrigendum clarifies that the errors were purely clerical and do not alter the resolution’s purpose, the preferential issue structure, or any other matter requiring shareholder consent.

The original AGM notice, dispatched on July 30, 2026, contained incorrect percentage figures for the pre-issue shareholding of 12 specific allottees in Point No. 3 of the Explanatory Statement relating to Item No. 3 (Special Business). Managing Director Vineet Bajpai confirmed that the revised figures replace the erroneous ones in the explanatory statement. All other contents of the AGM notice, including resolutions, e-voting instructions, dates, and time, remain unchanged and valid. The corrected details are available on the company’s website, the Central Depository Services Limited (CDSL) portal, and the BSE Limited website.

Corrected Shareholding Percentages

The corrigendum addresses significant discrepancies in the reported pre-preferential issue holdings. For instance, Vineet Bajpai’s holding was corrected from 2.95% to 29.48%, and Agam Gupta’s from 1.51% to 15.15%. These adjustments reflect the actual shareholding pattern as of June 30, 2026, which serves as the basis for the preferential issue disclosures. The table below outlines the specific corrections made for each affected allottee.

Preferential Issue Details

The special resolution proposes the issuance of 12,95,635 equity shares at ₹23 per share to 40 entities, including promoters and public shareholders. The valuation, determined by Registered Valuer Sandeep Agrawal using July 24, 2026, as the relevant date, includes a premium of ₹13 over the ₹10 face value. The total proceeds of ₹2,97,99,605 are earmarked primarily for augmenting the capital base for onward lending to micro, small, and medium enterprises (MSMEs), with 75% of funds allocated to this purpose. The remaining 25% will meet general corporate working capital requirements. Compliance with Regulation 161 of the SEBI (ICDR) Regulations, 2018, and Section 42 of the Companies Act, 2013, underpins the issuance framework.

Voting Logistics and Board Re-appointment

Shareholders must be recorded in the register of members as of the cut-off date, August 18, 2026, to exercise voting rights. Remote e-voting through CDSL will be open from August 22 to August 24, 2026. CS Dipika Kataria has been appointed as the scrutinizer for the remote e-voting process. In addition to the capital raise, the AGM will address ordinary business items, including the re-appointment of Mr. Anshul Gupta (DIN: 09356735) as a director. He retires by rotation at this meeting and, being eligible, offers himself for re-appointment pursuant to Section 152 of the Companies Act, 2013.

What the Numbers Show

The correction of shareholding percentages highlights the concentrated nature of promoter ownership prior to the issue. With Vineet Bajpai and Agam Gupta holding significant stakes (29.48% and 15.15% respectively), the preferential allotment further consolidates promoter control while bringing in new promoter-category investors such as Agam Gupta HUF and Anjali Verma. The accurate disclosure of these holdings is critical for shareholders assessing the dilution impact and control dynamics post-allotment. The move signals management’s commitment to transparency despite the initial clerical oversight.