Beryl Securities issues corrigendum to rectify AGM notice errors
Beryl Securities Limited corrected clerical errors in its 32nd AGM notice regarding pre-preferential issue holdings of 12 allottees. The corrigendum, issued on August 1, 2026, ensures accurate data for the ₹2.98 crore preferential allotment seeking shareholder approval on August 25, 2026, without altering the resolution's core terms.
*this image is generated using AI for illustrative purposes only.
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.
| Allottee Name | Wrong Pre-Issue Holding (%) | Corrected Pre-Issue Holding (%) |
|---|---|---|
| Agam Gupta | 1.51 | 15.15 |
| Rani Sulochana Bajpai | 0.08 | 0.81 |
| Sanyam Jain | 1.51 | 15.15 |
| Vineet Bajpai | 2.95 | 29.48 |
| Abdul Suhail | 6.18 | 0.00 |
| Apoorv Chaudary | 0.00 | 0.02 |
| Avinash Verma | 0.02 | 0.25 |
| Durgesh Khare | 0.01 | 0.13 |
| Rakesh Kumar | 0.03 | 0.33 |
| Satya Khare | 0.08 | 0.86 |
| Shiksha Tiwari | 0.02 | 0.22 |
| Shashank Barsaiyan | 0.01 | 0.10 |
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.
Historical Stock Returns for Beryl Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.75% | -3.17% | +41.20% | +50.63% | +37.93% | +269.80% |
How might the significant correction in promoter shareholding percentages impact minority shareholder confidence and voting outcomes at the upcoming AGM?
Will the ₹2.98 crore capital raise be sufficient to meaningfully expand Beryl Securities' MSME lending portfolio given current credit demand trends?
What are the potential regulatory implications for Beryl Securities if similar clerical errors are discovered in future disclosures under SEBI regulations?
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