In-principal approval received from BSE for preferential issue of 12,95,635 equity shares
Beryl Securities has informed exchanges that it has received BSE's in-principle approval for a preferential issue of 12,95,635 equity shares of Rs. 10/- each, at a price not less than Rs. 23/- each, to promoters and non-promoters.
By ScoutQuest · · 2 min read
- Shares to be issued
- 12,95,635 equity shares
- Face value
- Rs. 10/- each
- Issue price
- not less than Rs. 23/- each
What has been announced
Beryl Securities Ltd has informed the exchange that it has received in-principle approval from BSE Limited for the issue of 12,95,635 equity shares of Rs. 10/- each at a price not less than Rs. 23/- each to promoters and non-promoters on a preferential basis. The BSE letter is dated 12th October 2026.
The numbers at a glance
- Shares proposed to be issued: 12,95,635 equity shares
- Face value: Rs. 10/- each
- Issue price: not less than Rs. 23/- each
- Allottees: promoters and non-promoters, on a preferential basis
What an in-principle approval means
This is the exchange's go-ahead for the proposed preferential issue to move forward. BSE has stated that this in-principle approval should not be construed as its approval for listing of the securities, and that the company must separately comply with the requirements for listing.
Conditions BSE has set
- The company is advised to obtain an undertaking from the allottee(s) that they will not do intra-day trading in the scrip, or make any sale in the scrip, till the allotment date.
- The responsibility to verify this rests solely on the company, along with ensuring compliance with applicable provisions, including Regulation 167(6) of the SEBI ICDR Regulations, 2018.
- Any non-compliance observed by the exchanges after the undertaking and verification may impact the listing of such shares.
- A listing application must be made without delay, with applicable fees, on allotment. As per Schedule XIX - Para (2) of the ICDR Regulations, the application for listing is to be made within twenty days from the date of allotment.
- BSE has reserved the right to withdraw the in-principle approval at any stage if the information submitted is found incomplete, incorrect, misleading or false, or if it contravenes the rules, bye-laws and regulations of the exchange.
What follows
The approval relates to the issue of the shares. The company has been advised to ensure that the issue and allotment are strictly in accordance with the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, the SEBI Act, 1992, the Depositories Act, 1996, Chapter V of the SEBI (ICDR) Regulations, 2018 and the SEBI (LODR) Regulations, 2015, and to obtain any further statutory and other approvals required. For investors, the next points of reference would be the company's disclosures on the allotment and on the listing of the new shares.
Also from Beryl Securities
Board meeting on 27 October 2026 to consider allotment of equity shares on preferential basis
19 Oct 2026
More numbers
- Equity shares proposed to be issued on preferential basis12,95,635
- Face value per equity shareRs. 10/-
- Issue price per equity share (not less than)Rs. 23/-
- Time to apply for listing from date of allotmenttwenty days
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