Banaras beads Limited has submitted a regulatory disclosure to stock exchanges confirming that it does not qualify as a Large Corporate under the SEBI framework for debt securities issuance. The Varanasi-based manufacturer and exporter of beads, fashion jewelry, and accessories made this disclosure on April 7, 2026, addressing compliance requirements under specific SEBI regulations.

Regulatory Compliance Disclosure

The company filed its disclosure pursuant to circular no. LIST/COMP/05/2019-20 dated April 11, 2019, read with the applicability criteria prescribed under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This regulation pertains to fund raising by issuance of debt securities by Large Corporate entities. Banaras Beads Limited confirmed that it does not fall under the applicability criteria specified in para 2.2 of the said SEBI Circular.

Financial Position and Credit Rating Status

The company provided key financial details as part of its regulatory submission to BSE and NSE. The disclosure included comprehensive information about the company's borrowing position and credit rating status as required under the framework.

Company Background

Banaras Beads Limited operates as an export house recognized by the Government of India and holds ISO certification. The company is headquartered at A-1, Industrial Estate, Varanasi - 221106, and specializes in manufacturing and exporting various types of beads, fashion jewelry, and accessories. The disclosure was signed by Company Secretary R.K. Singh and Chief Finance Officer Vinay Kumar Piyush.

Regulatory Framework Context

The SEBI framework for Large Corporates was established to regulate fund raising through debt securities by entities meeting specific size and borrowing thresholds. Companies falling under this framework are subject to additional compliance requirements and disclosure obligations. By confirming its non-applicability status, Banaras Beads Limited has clarified its regulatory position and ensured appropriate compliance with stock exchange requirements.

Banaras Beads Limited has announced the opening of a special window for shareholders to facilitate transfer and dematerialization of physical shares that were previously rejected or not processed due to documentation issues.

Regulatory Compliance Initiative

The company has informed BSE Limited and National Stock Exchange of India Limited about this initiative through a notice dated April 7, 2026. The special window has been established in compliance with SEBI circular No. HO/38/13/11(2) 2026-MIRSD-POD/1/3750/2026 dated January 30.

Scope of the Special Window

The special window specifically addresses physical shares that were sold or purchased prior to April 1, 2019 and were subsequently rejected, returned, or not attended to due to deficiencies in documents or processes. This initiative provides shareholders with an opportunity to complete previously incomplete transactions.

The securities transferred during this period will be subject to a lock-in period of one year from the date of registration of transfer. During this lock-in period, such securities cannot be transferred, lien-marked, or pledged.

Public Notice and Communication

Banaras Beads Limited has published notices in Business Standard newspapers in both English and Hindi editions on April 6, 2026. The company encourages investors to take advantage of this opportunity by furnishing necessary documents to the company's Registrar and Transfer Agent (RTA), Mas Services Limited.

Company Background

Banaras Beads Limited is an ISO certified company and an export house recognized by the Government of India. The company specializes in manufacturing and exporting beads, fashion jewelry, and accessories. Its registered and head office is located at A-1, Industrial Estate, Varanasi.