BSEBERYL SECURITIES LTD.MediumNeutral
Announced Sat, 1 Aug · 19:43 IST

Corrigendum to 32nd AGM notice fixing clerical errors in preferential issue holdings

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Price reaction · full curve 14 horizons · vs prior close
1-day move
₹36.98
prior close
₹38.59
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-2.3-2.3-2.3-3.1+0.0-0.5-5.5-21.4-19.6
Up moveDown movePending
AI summary

Beryl Securities issued a corrigendum to its 32nd AGM notice, fixing clerical errors in pre-preferential holding percentages of 12 allottees. The underlying resolution seeks approval to issue 12,95,635 equity shares at INR 23 each (INR 13 premium), raising INR 2.97 crore via preferential issue. Shares are infrequently traded; fair value set at INR 20.90 via Cost Approach. 75 percent of proceeds for MSME lending, 25 percent for working capital. Several non-promoters will become promoters. No change in control.

Likely market impact

Minor clerical correction to AGM notice; the underlying INR 2.97 crore preferential issue at INR 23 per share remains unchanged.