Beryl Securities Limited received in-principle approval from BSE Limited for a preferential issue of 12,95,635 equity shares at a price not less than ₹23 per share. The allotment targets both promoters and non-promoters.

The exchange granted the approval under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter, dated October 12, 2026, clarifies that this in-principle status does not constitute final listing approval.

Regulatory Compliance and Conditions

BSE advised the company to strengthen internal controls to monitor trades executed by proposed allottees before the allotment date. This measure aims to prevent non-compliance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key directives issued by the exchange include:

• Obtaining an undertaking from allottees confirming they will not engage in intra-day trading or sell shares until the allotment date.
• Ensuring strict adherence to the Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, and SEBI regulations.
• Verifying compliance with Regulation 167(6) of SEBI ICDR Regulations, 2018, with sole responsibility resting on the issuer.

Any non-compliance observed post-verification may impact the listing of these shares. The company must apply for listing within twenty days from the date of allotment as per Schedule XIX of ICDR Regulations.

Issue Details

The company is required to file a listing application without delay, accompanied by applicable fees, in terms of Regulation 14 of the LODR Regulations. Failure to comply with the twenty-day listing window will attract fines as specified in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

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 company has now declared the final voting results, confirming that all resolutions passed with overwhelming support from shareholders.

The resolution for the preferential issue was passed as a special resolution. Additionally, members re-appointed Anshul Gupta as a director liable to retire by rotation and adopted the audited standalone financial statements for the fiscal year ended March 31, 2026.

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.

Voting Results

The scrutinizer report, dated August 26, 2026, details the consolidated results of remote e-voting and poll voting. A total of 3,149 members were on record as of the cut-off date of August 18, 2026.

Resolution-wise Breakdown

Ordinary Business:

1. Adoption of Financial Statements: The resolution to adopt the audited standalone financial statements for FY26 was passed with 99.99% votes in favor. Out of 30,12,874 total votes polled, 30,12,872 were in favor and only 2 were against.

2. Re-appointment of Director: The re-appointment of Anshul Gupta (DIN: 09356735) was also passed with 99.99% support. The vote count mirrored the financial statement resolution, with 30,12,872 votes in favor and 2 against out of 30,12,874 polled.

Special Business:

3. Preferential Issue: The special resolution to issue equity shares on a preferential basis was passed with 99.99% approval. Out of 98,025 total votes polled, 98,023 were in favor and 2 were against. Notably, promoter group shareholders did not cast votes on this specific resolution, while public shareholders accounted for the entire vote count.

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.

Shareholder Participation

As per the proceedings submitted to BSE Limited, the total number of members as on the cut-off date of August 18, 2026, was 3,149. A total of 22 members attended the meeting, satisfying the requisite quorum of at least 15 members required under the Companies Act, 2013. The voting participation rate for ordinary business resolutions was 62.12% of outstanding shares, while it stood at 2.02% for the special resolution regarding the preferential issue.