OUTCOME OF BOARD MEETING
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Beryl Securities Ltd held its first board meeting for FY 2025-2026 on April 23, 2025. The board confirmed that the company has not accepted any public deposits and reviewed its compliance with Reserve Bank of India norms. Three directors resigned with immediate effect: Mr. Sudhir Sethi, Mr. Sanjay Sethi, and Mr. Abhinav Naik (Independent Director). The board recommended seeking RBI approval to appoint Mr. Agam Gupta as Director and to process the resignation of Mr. Anshul Gupta. The board also adopted a new policy on Wilful Defaulter, noted details of loans obtained by the Finance Committee, and authorized signatories for statutory filings. A concerning point was raised: the company suffered a SOD (System/Server) crash and has been unable to recover past data to date.
Multiple director resignations in a single meeting, combined with a server crash and loss of historical data, raise governance and operational concerns for shareholders. The pending RBI approvals for new appointments add uncertainty around the future composition of the board.