Beryl Securities Seeks Exemption Amid Net Worth Discrepancy

Beryl Securities Limited has informed the Bombay Stock Exchange (BSE) that it intends to claim an exemption from certain SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the financial year 2025-2026.

Regulation 15(2) of these SEBI rules allows companies with specific financial thresholds to be exempt from certain corporate governance and compliance obligations, aiming to reduce the regulatory burden for smaller listed entities. Typically, this exemption applies to companies with paid-up capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore.

The company cited its paid-up capital of ₹4.85 crore, as of March 31, 2026, and its net worth of ₹99.74 crore, as of March 31, 2025.

However, Beryl Securities' stated net worth of ₹99.74 crore significantly exceeds the ₹25 crore limit required to qualify for this exemption. This discrepancy raises questions about the validity of its claim and could lead to regulatory scrutiny.

If the exemption is approved by regulators, Beryl Securities could be relieved from adhering to specific governance rules applicable to listed companies. Conversely, if the exemption is denied, the company will be required to fully comply with all SEBI (LODR) Regulations for FY 2025-2026.

Key developments to monitor include the BSE's formal response to the exemption request, any clarifications Beryl Securities might provide regarding the net worth figures, and potential actions or queries from SEBI concerning the claim's eligibility.