Banaras Beads Ltd

Legal/Regulatory Update

• NCLT Allahabad withdraws EP 424/ALD/2018 and Cont. A. No.10/2023 against Banaras Beads.
• Withdrawal with liberty to file a fresh petition with better particulars.
• Cont. A. No.10/2023 disposed off as withdrawn.
• Order dated 6 August 2026; order uploaded 13 August 2026.
• Petitioner ex-director Raj Kumar Gupta withdrew petition; no further orders.
• No financial, operational impact disclosed.
• Case under sections 397/398 of the Companies Act, 1956.

AGM details

• Date: 30 July 2026; physical mode; proceedings 3:00 PM to 4:10 PM.
• Record date for voting: 23 July 2026.
• Total shareholders on record: 5,969.

Key resolutions and voting

• Item 1 (Ordinary): Adoption of audited standalone financial statements and reports; passed; 4,618,025 in favour, 0 against.
• Item 2 (Ordinary): Gupta re-appointment; passed; 81.22% of polled votes in favour after excluding related-party votes.
• Note: Gupta did not vote on Item 2 due to related-party status.

AGM Details

• Date and time: 30 July 2026, 3:00 PM to 4:10 PM.
• Mode: Physical; venue in Varanasi.
• E-voting window: 27–29 July 2026; ballot voting conducted during meeting.
• Chairman: Ashok Kumar Gupta (MD & Chairman).
• Attendance: 5 promoter group and 62 public, total 67.

Resolutions

• Item 1: Ordinary resolution to adopt audited standalone financial statements.
• Item 2: Ordinary resolution to re-appoint Ashok Kumar Gupta as director liable to retire by rotation.

Voting Results

• Final results not disclosed; scrutinizer's report to be shared with exchanges within 48 hours.

Dividend

• No dividend was declared at the AGM.

Director Changes

• Ashok Kumar Gupta re-appointed as director liable to retire by rotation.

Auditors

• Statutory auditor present; no appointment changes announced.

Meeting Details

• Date: 23 July 2026; Time: 11:30 AM; Location: Registered Office, A-1 Industrial Estate, Varanasi.

Key Agenda Items

• To consider and approve standalone unaudited financial results for the quarter ended June 30, 2026.
• Other related matters.

Other Notes

• Trading window closes from July 1, 2026, until 48 hours after results on July 23, 2026.

Dematerialisation processing and record updates

• Securities received for dematerialisation were confirmed to Depositories within 15 days.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depositories' names substituted as registered owner and updated with Depositories and stock exchanges within 15 days.
• Register of Members updated accordingly.

Financial performance

• Revenue from operations FY26: 2548.68 lacs; down 19.25% YoY.
• Net profit after tax FY26: 177.46 lacs; down 42.53% YoY.
• Earnings per share: Basic and diluted 2.69; prior year 4.65.
• Dividend declared for FY26: none; prior year 149.32 lacs.

Operations and business mix

• Single segment: glass beads and handicrafts; exports dominate.
• Export revenue: 2402.71 lacs; domestic sales 26.32 lacs; other income 119.65 lacs.
• US tariff issue resolved; export orders resumed.
• Branding initiative: De-Lemon online/offline sales.

Capital structure and liquidity

• Total borrowings: 2052.91 lacs; long-term 484.72; short-term 1568.19.
• Equity capital: 659.75 lacs; fully paid; shares 6,597,522; 38,700 partly paid forfeited.
• Current ratio: 2.67; debt/equity: 0.36; DSCR: 7.58.
• Cash and bank balances: 38.55; fixed deposits: 509.60; total liquidity 548.15.

Cash flows

• Cash flow from operations: -467.60 lacs; investing: -297.37; financing: +1016.32.
• Net increase in cash and cash equivalents: 251.35 lacs.

Governance and audit

• Board size six; MD/CEO Siddharth Gupta; independent directors: Kandoi, Anil Gupta, Manan Sah.
• Statutory auditors: G D Dubey & Associates; no qualifications; secretarial auditor Ajay Jaiswal & Co.
• e-voting scrutinizer: Ajay Kumar Jaiswal; four board meetings; governance certificate attached.
• Related-party transactions: arm's length; disclosed in notes; no non-arm's length.

CSR and ESG

• CSR provisions not applicable; CSR committee exists; CSR report annexed.
• No CSR expenditure during FY2025-26.

Capital expenditure & investments

• PPE additions: 803.55; gross block 4396.63; net block 1664.58.
• Gurgaon land advance: 1365.00; possession pending; shown as advance for property.
• Long-term investments: Banaras Beads LLP 296.99; Kabson 0.13; Exposition Mart 0.93.

Risk and outlook

• Export dependence and currency risks; management hedges; monitor policy shifts.
• Outlook: expand via logistics park; new products in development; orders improving.

Book closure

• Equity shares book closure: 24 July 2026 to 30 July 2026, both days inclusive.
• Purpose: 46th AGM to be held on 30 July 2026.

Key dates

• Cut-off date: 23 July 2026, determining AGM voting eligibility.
• AGM date: 30 July 2026 at 3:00 P.M. in Varanasi.
• E-voting period: 27 July 2026 to 29 July 2026, 9:00 A.M. to 5:00 P.M.