Brilliant Portfolios Limited Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

1 min read     Updated on 10 Apr 2026, 11:41 PM
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AI Summary

Brilliant Portfolios Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26 to Bombay Stock Exchange on April 10, 2026. The certificate, issued by registrar MAS Services Limited, confirms compliance with dematerialization processing timelines during January-March 2026, including 15-day processing requirements for securities confirmation and member register updates.

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Brilliant Portfolios Limited has fulfilled its quarterly regulatory obligations by submitting a compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to the Bombay Stock Exchange. The submission, dated April 10, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Details

The certificate was issued by MAS Services Limited, serving as the company's Registrar and Share Transfer Agent. The compliance confirmation covers the period from January 1, 2026 to March 31, 2026, ensuring adherence to SEBI's dematerialization processing requirements.

Compliance Parameter: Details
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Quarter Covered: January 1, 2026 to March 31, 2026
Certificate Date: April 02, 2026
Submission Date: April 10, 2026
Registrar: MAS Services Limited

Processing Timeline Confirmation

MAS Services Limited confirmed that all securities received from Depository Participants for dematerialization during the specified quarter were processed within regulatory timelines. The registrar verified compliance with the following requirements:

  • Securities confirmation (acceptance/rejection) to Depositories within 15 days of receipt
  • Proper mutilation and cancellation of security certificates after verification
  • Substitution of Depository names in the register of members within 15 days
  • Timely updates to Depositories and Stock Exchanges within the 15-day limit
  • Complete updating of the Register of Members

Corporate Communication

The submission was signed by Ashish, Company Secretary and Compliance Officer (Membership No. A46443), demonstrating proper corporate governance protocols. The communication was addressed to the Department of Corporate Services at Bombay Stock Exchange Limited, maintaining transparency in regulatory reporting.

This quarterly compliance certificate submission reflects Brilliant Portfolios Limited's commitment to maintaining regulatory standards and ensuring proper processing of dematerialization requests through its appointed registrar and transfer agent.

Historical Stock Returns for Brilliant Portfolios

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%0.0%-100.00%-100.00%-100.00%-100.00%

Will Brilliant Portfolios Limited face any challenges maintaining this compliance record as SEBI potentially tightens dematerialization regulations in 2026?

How might the company's consistent regulatory compliance impact its credit rating or access to capital markets in the upcoming quarters?

Could MAS Services Limited's performance as registrar influence Brilliant Portfolios' decision to renew or change their transfer agent contract?

Brilliant Portfolios Promoters Acquire Additional 4.74% Stake Through Off-Market Transactions

1 min read     Updated on 27 Mar 2026, 11:53 PM
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Radhika SScanX News Team
AI Summary

Brilliant Portfolios Limited promoters Akshat Jain and Avni Jain acquired 147,200 equity shares (4.74% stake) through off-market transactions on March 25, 2026. This acquisition increased their combined holding with persons acting in concert to 1,612,040 shares, representing 51.97% of the company's total voting capital of 31,01,800 shares.

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Brilliant Portfolios Limited has announced a substantial acquisition of equity shares by its promoters Akshat Jain and Avni Jain, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed on March 25, 2026, through off-market purchases.

Acquisition Details

The promoters acquired a total of 147,200 equity shares, with each promoter purchasing an equal number of shares:

Acquirer: Shares Acquired Percentage of Total Capital
Akshat Jain: 73,600 2.37%
Avni Jain: 73,600 2.37%
Total Acquisition: 147,200 4.74%

Shareholding Pattern Before and After Acquisition

Prior to this transaction, neither Akshat Jain nor Avni Jain held any shares directly in the company. However, persons acting in concert (PACs) with the acquirers held 1,464,840 shares representing 47.23% of the voting capital.

Holding Category: Before Acquisition After Acquisition
Akshat Jain: 0 shares (0%) 73,600 shares (2.37%)
Avni Jain: 0 shares (0%) 73,600 shares (2.37%)
PACs: 1,464,840 shares (47.23%) 1,464,840 shares (47.23%)
Combined Total: 1,464,840 shares (47.23%) 1,612,040 shares (51.97%)

Company Profile and Listing Details

Brilliant Portfolios Limited has an equity share capital of 31,01,800 shares of Rs. 10 each, all fully paid up. The company's shares are listed on the Bombay Stock Exchange Limited. The persons acting in concert include Ravi Jain, R.N. Arora, A.K Jain, Paritosh Jain, Meenu Jain, Sangeeta Jain, Sarita Jain, and Subhash Chander Mittal.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions of shares and takeovers. The acquisition was executed through off-market transactions, and the promoters have fulfilled their regulatory obligations by filing the necessary disclosures with the stock exchange and the company's compliance officer.

The transaction strengthens the promoter group's control over the company, with their combined holding now exceeding the majority threshold at 51.97% of the total voting capital.

Historical Stock Returns for Brilliant Portfolios

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%0.0%-100.00%-100.00%-100.00%-100.00%

What strategic initiatives might Brilliant Portfolios pursue now that the promoter group has secured majority control at 51.97%?

Will the increased promoter stake trigger any mandatory open offer requirements under SEBI takeover regulations?

How might this consolidation of control impact minority shareholders' rights and potential exit opportunities?

More News on Brilliant Portfolios

1 Year Returns:-100.00%