Key Approval Details

  • Shareholders approved the special resolution for preferential issue of equity shares at the Thirty Second Annual General Meeting (AGM)
  • AGM was held on Tuesday, 25 August 2026 at 02:00 P.M. and concluded at 02:14 P.M.
  • Meeting was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Approval was obtained by way of Special Resolution with requisite majority

Preferential Issue Parameters

  • Type of Security: Equity Shares
  • Face Value: ₹10 per Equity Share
  • Issue Price: ₹23 per Equity Share (including premium of ₹13 per share)
  • Number of Shares: Up to 12,95,635 (Twelve Lakh Ninety-Five Thousand Six Hundred Thirty-Five) Equity Shares
  • Total Issue Size: Up to ₹2,97,99,605 (Rupees Two Crore Ninety-Seven Lakh Ninety-Nine Thousand Six Hundred Five only)
  • Mode of Issue: Preferential Issue for Cash Consideration
  • Relevant Date: 24 July 2026
  • Proposed Allottees: Identified Promoter and Non-Promoter/Public category shareholders as specified in the AGM Notice and Corrigendum

Use of Proceeds

1. Augmentation of capital base for onward lending, both secured and unsecured, to micro, small, and medium enterprises and self-employed borrowers

2. Meeting working capital requirements of the Company for General Corporate Purposes

Regulatory Compliance and Next Steps

  • Subject to provisions of Companies Act, 2013, SEBI (ICDR) Regulations, 2018, SEBI LODR Regulations, and other applicable laws
  • Equity shares proposed to be listed on BSE Limited, subject to requisite approvals
  • Company will undertake subsequent actions in accordance with applicable provisions including obtaining necessary approvals and completing prescribed offer and allotment formalities
  • Shareholder approval authorizes the proposed preferential issue but does not constitute allotment - actual allotment shall be undertaken by Board of Directors subject to fulfilment of prescribed conditions
  • Detailed voting results pursuant to Regulation 44(3) of SEBI LODR Regulations and Scrutinizer's Report to be submitted separately within prescribed timeline

Additional Information

  • Tenure: Not applicable
  • Nature of consideration: Cash Consideration
  • Filed by Vineet Bajpai, Managing Director (DIN: 08098068) on behalf of Beryl Securities Limited