Corporate Action14 Oct 2026, 06:50 pm
Beryl Securities gets BSE in-principal approval for preferential issue
AI Summary
Beryl Securities Ltd has received in-principal approval from BSE Limited for the preferential issue of 12,95,635 equity shares of Rs. 10/- each at a price not less than Rs. 23/- each. The approval is for issuing shares to promoters and non-promoters. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees regarding intra-day trading restrictions before the allotment date. The company must also comply with all relevant SEBI regulations and ensure timely listing application post-allotment. Failure to comply may result in penalties or withdrawal of approval.
Key Highlights
- BSE grants in-principal approval for preferential issue of 12.95 lakh shares.
- Issue price set at a minimum of Rs. 23 per share.
- Company advised to enhance internal controls before allotment.
- Allottees must provide undertaking against intra-day trading.
- Timely listing application post-allotment is mandatory.
Price Impact
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