Key Corrections

The explanatory statement of Item No. 3 of the AGM notice contained errors in the percentage of Pre-Preferential Issue Holding for 12 allottees. The corrected percentages are:

  • Agam Gupta: From 1.51% to 15.15%
  • Rani Sulochana Bajpai: From 0.08% to 0.81%
  • Sanyam Jain: From 1.51% to 15.15%
  • Vineet Bajpai: From 2.95% to 29.48%
  • Abdul Suhail: From 6.18% to 0.00%
  • Apoorv Chaudary: From 0.00% to 0.02%
  • Avinash Verma: From 0.02% to 0.25%
  • Durgesh Khare: From 0.01% to 0.13%
  • Rakesh Kumar: From 0.03% to 0.33%
  • Satya Khare: From 0.08% to 0.86%
  • Shiksha Tiwari: From 0.02% to 0.22%
  • Shashank Barsaiyan: From 0.01% to 0.10%

Preferential Issue Details

Resolution: Item No. 3 of AGM Notice seeking shareholder approval for preferential issue

Total Amount to be Raised: ₹2,97,99,605 (Indian Rupees Two crore ninety-seven lakh ninety-nine thousand six hundred five Only)

Securities to be Issued: 1,295,635 Equity Shares of face value ₹10 each

Issue Price: ₹23 per share (including premium of ₹13 per share)

Utilization of Proceeds:

  • 75% (₹2,23,49,704) for augmentation of capital base for onward lending to micro, small and medium enterprises and self-employed borrowers
  • 25% (₹74,49,901) for meeting working capital requirements and general corporate purposes

Relevant Date: Friday, 24th July 2026 (being the immediately preceding trading day to 26th July 2026 which fell on a weekend)

Pricing Basis

The equity shares are classified as "infrequently traded" as cumulative trading volume is less than 10% of total outstanding shares.

Valuation Methodology: Cost (Asset-Based) Approach adopted by registered valuer Mr. Sandeep Agrawal (IBBI Registration No.: IBBI/RV/06/2020/13344)

Fair Value Determination: ₹20.90 per share

Board Decision: Issue price set at ₹23 per share including premium of ₹13 per share

Allottee Categories

The preferential issue is proposed to be made to both Promoters and Non-Promoters/Public shareholders of the Company.

Promoters Subscribing: 11 entities including Agam Gupta HUF, Agam Gupta, Anjali Verma, Kanika Sharma, Poonam Jain, Rani Sulochana Bajpai, Sanyam Jain, Sanyam Jain HUF, Sukhmal Chand Gupta, Vineet Bajpai, and Neha Sharma

Shareholding Impact

Pre-Issue Share Capital: 4,849,700 shares

Post-Issue Share Capital: 6,145,335 shares

Promoter Holding Change:

  • Pre-issue: 60.59% (2,938,253 shares)
  • Post-issue: 57.01% (3,503,466 shares)

Public Holding Change:

  • Pre-issue: 39.41% (1,911,447 shares)
  • Post-issue: 42.99% (2,641,869 shares)

Key Dates

AGM Date: Tuesday, 25th August 2026 at 02:00 PM

Board Meeting Date: Tuesday, 28 July 2026 (approved preferential issue)

Cut-off Date for AGM Notice: Friday, 24 July 2026

Allotment Timeline: Within 15 days from date of passing the resolution, or within 15 days from receipt of last regulatory approval if pending

Lock-in Requirements

Equity shares issued to promoters and non-promoters will be subject to lock-in as per Regulation 167 of SEBI (ICDR) Regulations. Entire pre-preferential allotment shareholding of allottees will be locked-in from relevant date up to 90 trading days from date of trading approval.

Availability of Documents

The corrigendum and updated AGM notice are available on company website (www.berylsecurities.com), CDSL (www.cdslindia.com) and BSE Limited (www.bseindia.com). Valuation report and required certificates are also available on company website.