Banaras Beads Limited scheduled a board meeting for October 15, 2026. The Varanasi-based manufacturer and exporter of beads and fashion jewelry filed the intimation with stock exchanges.

The company submitted the notice to the BSE and the National Stock Exchange of India. This filing complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory compliance details

The board meeting notice was published in the Business Standard newspaper on October 15, 2026. Both English and Hindi editions carried the announcement. The company secretary, R.K. Singh, signed the digital submission to the exchanges.

Banaras Beads operates as an export house recognized by the Government of India. It is also an ISO certified entity based in Varanasi, Uttar Pradesh.

The National Company Law Tribunal (NCLT) at Allahabad has dismissed an execution petition filed by former director Raj Kumar Gupta against Banaras Beads and its chairman and managing director, Ashok Kumar Gupta. The bench comprising Member (Judicial) Praveen Gupta and Member (Technical) Ashish Verma passed the order on August 6, 2026, after the petitioner sought to withdraw the case.

The proceedings involved Executive Petition No. 424/ALD/2018 and Cont. A. No. 10/2023 in CP No. 14/1999, originally filed under Sections 397 and 398 of the Companies Act, 1956. During the hearing, counsel for the applicant stated that the petitioner wished to withdraw the present execution petition with the liberty to file a fresh one with better particulars. Consequently, the tribunal dismissed EP No. 424/ALD/2018 as withdrawn.

In light of this decision, the petitioner also sought to withdraw Cont. A. No. 10/2023. The tribunal disposed of this continuation application, noting that no further order was required. The order was uploaded to the NCLT portal on August 13, 2026, and the company received the communication on the same date.

Regulatory Disclosure

Banaras Beads Limited disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Schedule III. The intimation was issued to the Bombay Stock Exchange and the National Stock Exchange on August 14, 2026, by Company Secretary Ramesh Kumar Singh.

What the Numbers Show

The source disclosure explicitly states that there is no quantifiable monetary impact on the financial or operational activities of the listed entity. The legal resolution removes the immediate procedural burden of the ongoing litigation, though the liberty granted to file a fresh petition indicates the underlying dispute may not be fully settled substantively.