Beryl Securities Ltd

Key AGM outcomes

• AGM held on 25 August 2026 at Indore, 2:00 PM, via VC/AVM.
• Chairman Vineet Bajpai presided; 19 members attended with quorum satisfied.
• Agenda 1: adoption of financial statements for year ended 31 March 2026; ordinary resolution passed.
• Agenda 2: re-appointment of Anshul Gupta as director; ordinary resolution passed.
• Agenda 3: approval for preferential allotment of equity shares to promoters and non-promoters/public; special resolution passed.
• Total members as on cut-off date: 3,149; Chair confirmed quorum requirement met.
• Scrutinizer Dipika Kataria appointed to oversee remote e-voting and venue voting.
• Results of e-voting and poll to be declared within 48 hours and displayed on BSE.
• The AGM concluded at 2:14 PM.
• No value or price disclosed for the preferential allotment.

Issue terms

• Special Resolution approved at AGM on 25 August 2026 for preferential equity issue.
• Up to 12,95,635 equity shares at Rs 23 per share, including Rs 13 premium.
• Aggregate consideration up to Rs 29,799,605; cash mode.
• Proposed allottees: Promoter and Non-Promoter/Public category; names not disclosed.
• Relevant date: 24 July 2026.
• Mode of issue: cash; listing on BSE subject to approvals.
• Use of proceeds: augment capital base for MSME lending and working capital.
• Tenure is not applicable; equity issue.
• Nature of consideration: cash.
• Approvals required: shareholder approval; listing approvals as applicable.
• Actual allotment to be made by Board per law.
• Names of allottees not disclosed.
• No changes to authorised capital or MOA/AOA disclosed.
• Listing: equity shares proposed to be listed on BSE Limited.

Governance & approvals

• Shareholders approved via Special Resolution at AGM.
• Actual allotment to be carried out by Board post regulatory clearances.
• Names not disclosed; post-issue shareholding data not provided.
• Promoter/non-promoter/public recipients identified; specific entities not disclosed.
• Subject to Companies Act, SEBI ICDR, LODR, and other approvals.
• Filing with regulatory authorities to complete offer.
• Board responsible for allotment following prescribed conditions.

AGM Details

• AGM held on 25 August 2026 at 02:00 PM IST via VC/OAVM.
• AGM concluded at 02:14 PM IST.

Key Resolutions and Outcomes

• Ordinary: Adoption of audited standalone financial statements; passed.
• Ordinary: Re-appointment of Anshul Gupta as director liable to retire by rotation; passed.
• Special: Preferential equity issue to promoters and public; subject to regulatory approvals; passed.

Board approval

• Board approved unaudited standalone results for quarter ended 30 June 2026; Limited Review by auditors.

Operating segment

• NBFC identified as the single operating segment in standalone results.

Q1 highlights

• Revenue from operations: Rs 17,853 lakhs.
• Profit before tax: Rs 54.79 lakhs.
• Net profit after tax: Rs 37.68 lakhs.
• EPS (continuing): Basic Rs 0.65; Diluted Rs 0.65.

Capital structure

• Paid-up equity share capital: Rs 484.97 lakhs.
• Face value: Rs 10 per share.

Financial results

• Unaudited quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Report for the quarter ended 30 June 2026 taken on record.

Governance disclosures

• Resolutions passed at the Finance Committee meetings noted.

Meeting Details

• Scheduled date and time: 13 August 2026 at 02:00 PM.
• Venue: Registered Office, 29 Neer Nagar, Mayank Water Park Road, Bicholi, Indore, MP 452016.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.
• Adopt and approve Limited Review Report for the quarter ended 30 June 2026.
• Note resolutions passed at the finance committee meetings.
• Any other matter with permission of chair.

Other Notes

• Trading window closed from 01 July 2026; will reopen 48 hours after Board Meeting conclusion.

Financial highlights

• Revenue from operations rose to Rs 424.04 Lakh.
• Total income stood at Rs 428.45 Lakh, up from Rs 186.58 Lakh.
• Profit after tax amounted to Rs 31.74 Lakh, up from Rs 25.72 Lakh.
• Basic and diluted earnings per share: Rs 0.65.

Dividend & capital actions

• No dividend proposed for 2025-26.
• Proposed preferential issue of 12,95,635 equity shares at Rs 23 each (Rs 2.98 Crore).
• Issue to promoters and public; floor price guidelines met; relevant date 26-Jul-2026.
• Listing of new shares subject to regulatory approvals; allotment within 15 days of approvals.

Capital structure & borrowings

• Borrowings (in India) Rs 749.88 Lakh; secured.
• CRAR 58.12%; Tier I CRAR 58.12%; Gearing 73.97%.
• MAS loan sanctioned 31-Mar-2026; disbursed 06-Apr-2026; processing fee Rs 0.91 L.
• Promoter pledge of Hindon loan released 05-Sep-2025; no pledge outstanding at year-end.
• Equity share capital Rs 4.8497 Crore; Authorized capital Rs 7 Crore; issued 4,849,700 shares.

Governance & board changes

• Board size eight; 4 executive/non-executive and 4 independent directors.
• Sanjay Sethi and Sudhir Sethi resigned 23-Apr-2025.
• Abhinav Naik appointed Independent Director 29-Sep-2025; Agam Gupta joined 29-Sep-2025.
• Three women directors: Neha Sarda, Kratika Tiwari, Sweena Gangwani.
• Audit Committee: Neha Sarda (Chair), Kratika Tiwari (Member), Anshul Gupta (Member); 5 meetings in 2025-26.
• Separate meeting of Independent Directors held on 24-Mar-2026.
• Company Secretary change: Kamlesh Gupta ceased 03-Jan-2026; Neha Sharma appointed 04-Jan-2026.

Audit & secretarial oversight

• Statutory auditors: Subhash Chand Jain Anurag & Associates (term to 33rd AGM).
• Internal auditors: Abhay Bhandari & Associates resigned 29-May-2026; Ranjeet Gola & Associates appointed 2026-27.
• Secretarial auditor: Dipika Kataria (MR-3); certificate on Corporate Governance issued.
• Non-disqualification certificate provided; CFO/WTD compliance certificate filed.

Related party transactions

• Related party remuneration to KMPs and directors approx Rs 40.5 Lakh.
• Salaries to KMPs include: Sethi Rs 1.75 L, Vineet Rs 18.00 L, Kamlesh Rs 1.08 L, Agam Rs 18.50 L, Neha Rs 1.16 L.
• Sitting fees to directors: Neha Rs 0.40 L, Kratika Rs 0.40 L, Abhinav Rs 0.20 L, Sweena Rs 0.40 L.
• Hubco Technologies Pvt Ltd purchases Rs 1.26 L; other related party transactions disclosed.
• Promoter shares pledged earlier; no material non-arm's-length transactions observed.

Risks & outlook

• NBFC sector faces funding costs, asset-quality and regulatory risks.
• Management aims to diversify into finance and technology; focus on core lending growth.
• Outlook influenced by macro conditions; domestic consumer finance prospects remain key.

Liquidity & cash flows

• Net cash from operating activities: Rs -492.25 L.
• Net cash from investing activities: Rs +31.51 L.
• Net cash from financing activities: Rs +411.00 L.
• Net decrease in cash: Rs -49.74 L; closing cash Rs 60.72 L.
• Cash equivalents: cash in hand Rs 3.55 L, balance with banks Rs 19.54 L, FDR Rs 28.90 L.

Shareholding & promoter pledges

• Major holders: Vineet Bajpai 29.48%, Agam Gupta 15.15%, Sanyam Jain 15.15%.
• Post-issue promoter stake estimated around 57%; promoters reclassified to public per 02-Sep-2025 BSE approval.
• Promoter pledge of 6.67 L shares released on 05-Sep-2025; no pledge outstanding.
• Authorized share capital Rs 7 Crore; issued share capital Rs 4.8497 Crore (4,849,700 shares).

AGM Details

• Date and time: 25 August 2026 at 2:00 PM.
• Mode: VC/OAVM; venue deemed at registered office.
• Record date for e-voting: 18 August 2026.

Ordinary Resolutions

• Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Re-appoint Anshul Gupta as Director, retiring by rotation.

Special Resolutions

• Special: Preferential issue of equity shares to promoters and non-promoters/public.
• Issue size: 1,295,635 equity shares to promoters/non-promoters/public.
• Price: INR 23 per share including INR 13 premium.
• Aggregate cash: INR 2.98 crore.
• Relevant Date for pricing: 26 July 2026.
• Lock-in: 90 trading days.
• No change in control anticipated.

Director Changes

• Anshul Gupta to be re-appointed as Director (DIN 09356735).
• Liable to retire by rotation.