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.

Banaras Beads Limited has filed multiple regulatory compliance documents with BSE and NSE for the financial year ended March 31, 2026, demonstrating adherence to SEBI regulations and transparency requirements.

Annual Promoter Shareholding Disclosure

The company submitted its comprehensive annual promoter shareholding disclosure on April 6, 2026, under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. Company Secretary R.K. Singh (FCS-4071) filed the disclosure with both stock exchanges.

Promoter Shareholding Breakdown

The disclosure reveals that promoters and promoter group members collectively hold 58.48% of the company's total share capital. The detailed shareholding pattern shows distribution across six entities, with no single shareholder holding more than 25% of shares.

SEBI Depository Participants Compliance Certificate

On April 7, 2026, the company filed a confirmation certificate under Regulation 74(5) of SEBI (DP) Regulations 2018 for the quarter ended March 31, 2026. The certificate was issued by registrar and share transfer agent MAS Services Limited, confirming compliance with dematerialization processing requirements.

Registrar Compliance Confirmation

MAS Services Limited confirmed that all securities received from Depository Participants for dematerialization during Q4 FY26 were processed within the mandated 15-day timeframe. The registrar verified that security certificates were properly mutilated and cancelled after verification, with depositories substituted as registered owners in the member register within regulatory timelines.

Company Background

Banaras Beads Limited operates as a Government of India recognized export house, established in 1940. The company manufactures and exports beads, fashion jewelry, and accessories from its registered office in Varanasi's Industrial Estate.

Regulatory Compliance Framework

These filings demonstrate the company's commitment to maintaining transparency and adhering to SEBI regulations. The comprehensive documentation includes detailed promoter shareholding patterns and confirmation of proper dematerialization processes, ensuring stakeholders have complete visibility into corporate governance practices and regulatory compliance standards.