Beryl Securities AGM clears ₹2.98 crore issue in 2026

Beryl Securities Ltd shareholders have approved a preferential issue of equity shares worth up to ₹2.98 crore, giving the non-banking finance company (NBFC) additional capital earmarked for MSME lending and general working capital needs. The approval came through a special resolution at the company’s 32nd annual general meeting (AGM) held on August 25, 2026.

Alongside the fundraising proposal, members adopted the audited standalone financial statements for the year ended March 31, 2026, and re-appointed Anshul Gupta as a director retiring by rotation. The meeting was conducted through video conferencing and other audio-visual means, in line with SEBI LODR requirements and Ministry of Corporate Affairs circulars.

What shareholders approved at the 32nd AGM

The key item of special business at the AGM was the preferential issue of equity shares to promoters and public category allottees. Shareholders passed the proposal as a special resolution, enabling Beryl Securities to raise capital by issuing fresh shares at a fixed price.

The company received shareholder approval to issue and allot up to 1,295,635 equity shares. The issue price has been set at ₹23 per share, which includes a premium of ₹13 per share over the face value.

The aggregate proceeds, based on the approved size and price, are up to ₹2.98 crore. The relevant date for the preferential issue was stated as July 24, 2026.

Preferential issue terms: shares, price, and proceeds

The preferential allotment allows Beryl Securities to place equity with a defined set of allottees, including promoters and public shareholders. In disclosures linked to the AGM notice, the company referred to the proposed issuance to 40 entities.

The approvals cover the ceiling on shares as well as the pricing, which is important for investors assessing dilution and capital inflow. The face value is ₹10 per share, with the balance treated as share premium.

From a process standpoint, the preferential issue had earlier been approved by the board, and the shareholder vote at the AGM provided the enabling consent required for the allotment.

Use of funds: MSME lending and working capital

Beryl Securities indicated that the proceeds from the preferential issue are intended to support MSME lending and general working capital requirements. For an NBFC, incremental lending capital can influence the pace at which the company can scale its loan book within internal and regulatory risk limits.

The inclusion of “general working capital” also provides flexibility for operating needs, including liquidity management and day-to-day funding requirements. The disclosures did not specify a detailed allocation split between MSME lending and other uses.

Ordinary business: director re-appointment and FY26 accounts

Shareholders passed an ordinary resolution to re-appoint Anshul Gupta (DIN: 09356735) as a director, liable to retire by rotation. The company stated that he retired by rotation and offered himself for re-appointment, and the resolution received the requisite majority.

Members also adopted the audited standalone financial statements for the fiscal year ended March 31, 2026. The AGM agenda included adoption of the Board of Directors’ report and the auditors’ report along with the financials.

AGM logistics and voting process

The 32nd AGM was conducted through VC/OAVM. The meeting began at 2:00 pm and concluded at 2:14 pm on August 25, 2026, according to the company’s disclosure, and all resolutions set out in the notice were duly passed.

Vineet Bajpai, Managing Director, chaired the meeting. The Audit Committee Chairperson, Neha Sarda, attended and was available to address shareholder queries relating to accounts.

For voting, the company appointed CS Dipika Kataria as scrutinizer for remote e-voting and venue voting. The cut-off date mentioned for voting eligibility was August 18, 2026, with remote e-voting through CDSL scheduled to be open from August 22 to August 24, 2026.

Corrigendum to AGM notice: what changed and what did not

Ahead of the AGM, Beryl Securities issued a corrigendum on August 1, 2026, to rectify clerical errors in the pre-preferential issue holding percentages of proposed allottees. The company clarified that the errors related to 12 allottees and were limited to incorrect percentage figures stated in the explanatory statement.

The corrigendum was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015. The company stated that the corrections did not alter the purpose of the resolution, the preferential issue structure, or other matters requiring shareholder consent.

It also said that all other contents of the AGM notice, including dates, time, and e-voting instructions, remained unchanged and valid.

Recent financial context: Q1 FY27 profit jump and reserves

Separately from the AGM items, Beryl Securities reported a sharp rise in profitability for Q1 FY27. Net profit after tax rose 159% year-on-year to ₹0.38 crore (₹37.68 lakh), supported by revenue growth of over 121%.

The board approved the unaudited standalone financial results at a meeting held on August 13, 2026, at the company’s registered office in Indore, Madhya Pradesh. The board also took note of the auditors’ limited review report for the quarter.

In its disclosure, the company noted reserves increased to ₹5.62 crore (₹561.73 lakh). From the longer-term snapshot shared in the same information set, the company’s EPS was listed at ₹0.65 for FY26 and ₹1.10 on a TTM basis.

Market snapshot and identifiers disclosed

Beryl Securities is described as an NBFC that generates income through the sale of shares and securities, dividends, and interest. The stock is listed on BSE under code 531582.

The dataset also included a share-price snapshot stating the stock was at ₹36.79, with the day’s high and low also shown at ₹36.79. The disclosure did not specify the timestamp for this quote beyond being presented as the “share price today” snapshot.

Why the preferential issue matters for shareholders

A preferential allotment can change the company’s shareholding mix and expands equity capital without a broader public offer. In this case, the company has fixed the issue price at ₹23 per share and capped the number of shares at 1,295,635, which provides clear parameters on the maximum size of dilution.

The stated use of proceeds ties the fundraising to core NBFC activity through MSME lending, while also supporting working capital. Shareholders will typically track how quickly funds are deployed, and how that aligns with the company’s reported profitability and reserves trajectory.

Conclusion

Beryl Securities’ 32nd AGM resulted in shareholder approval for a ₹2.98 crore preferential equity issue, adoption of FY26 audited standalone financial statements, and the re-appointment of director Anshul Gupta. The fundraising approval sets the company up to proceed with equity allotment of up to 1,295,635 shares at ₹23 each.

The company has stated that proceeds will be used for MSME lending and general working capital. Next steps, based on the approvals already in place, will be the completion of allotment and related disclosures as required under SEBI and stock exchange norms.