Beryl Securities Limited , a company listed on the Bombay Stock Exchange (BSE), has reported a significant change in its promoter's shareholding structure. Agam Gupta, a key promoter of the company, has successfully released an encumbrance on a portion of his shares, as disclosed in a recent regulatory filing.

Pledge Release Details

According to the disclosure made under SEBI regulations, Agam Gupta has released the pledge on 166,750 shares of Beryl Securities Limited. This represents 3.43% of the company's total share capital. The shares were previously pledged to M/S. Hindon Mercantile Limited as security for financial assistance.

Timing and Process

The release of the encumbrance took place on September 5, with the company reporting the event to the stock exchange on September 6. This prompt disclosure aligns with the regulatory requirements for transparency in promoter shareholding.

Impact on Promoter Holding

Following this transaction, Agam Gupta's unencumbered shareholding in Beryl Securities has seen a significant increase. The promoter now holds 734,563 shares free of any encumbrances, which accounts for 15.15% of the company's total share capital.

Shareholding Structure

The release of the pledge has altered the promoter's shareholding structure as follows:

Regulatory Compliance

This disclosure is in line with Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to report any creation, invocation, or release of encumbrance on their shares to the stock exchanges and the target company.

The release of the pledge may be viewed positively by investors, as it reduces the overall encumbrance on promoter holdings and potentially signals confidence in the company's financial position. However, investors are advised to consider this information as part of their overall assessment of the company's performance and prospects.

Beryl Securities Limited (BSE: 531582) has announced a significant expansion of its operations with the approval of a new corporate office branch in Noida, Uttar Pradesh. The decision, made during a board meeting held on August 7, 2025, marks a strategic move to enhance the company's presence in one of India's key business hubs.

New Office Details

The new corporate office will be located at:

1116, 11th Floor Tower Astralis Supertech Supernova Sector 94, Noida Uttar Pradesh 201301

This branch will serve as an additional location for maintaining books of accounts and other statutory records, complementing the company's registered office in Indore, Madhya Pradesh.

Strategic Expansion

Managing Director Vineet Bajpai, who signed the disclosure documents, cited business expansion as the primary objective for opening this branch office. This move aligns with the company's growth strategy and potentially positions Beryl Securities to better serve clients in the National Capital Region (NCR).

Regulatory Compliance

The company has taken necessary steps to ensure compliance with regulatory requirements:

• The decision was made in accordance with Section 128 of the Companies Act, 2013, which allows companies to keep books of accounts at places other than the registered office.
• The board has authorized the directors to complete all necessary filings with statutory and regulatory bodies regarding this new office.

Board Meeting Highlights

In addition to approving the new corporate office, the board meeting on August 7, 2025, addressed several other important matters:

1. Approval of unaudited financial results for the quarter ended June 30, 2025
2. Review of the Limited Review Report by auditors
3. Updates to RBI-related policies
4. Changes in the remuneration of the Chief Financial Officer (CFO)
5. Review of resolutions passed at finance committee meetings

Financial Oversight

Subhash Chand Jain Anurag & Associates, Chartered Accountants, conducted an independent review of the company's unaudited financial results for the quarter ended June 30, 2025. The review found no material misstatements and confirmed compliance with relevant accounting standards and SEBI regulations.

The expansion into Noida represents a significant step for Beryl Securities Limited, potentially enhancing its operational capabilities and market presence in northern India. As the company continues to grow, investors and stakeholders will be watching closely to see how this new office contributes to its overall business strategy and financial performance.