Banaras beads Limited has successfully obtained its compliance certificate under SEBI (Listing Obligation and Disclosure Requirements) Regulations for the financial year ended 31st March 2026. The certification demonstrates the company's adherence to regulatory requirements governing share transfer processes and investor servicing standards.

Regulatory Compliance Certificate

The compliance certificate was issued under Regulation 40(9) read with Regulation 40(10) of the SEBI LODR Regulations, 2015. Company Secretary R.K. Singh submitted the certificate to both BSE Limited and National Stock Exchange of India Limited on April 14, 2026, ensuring timely regulatory filing.

Share Transfer Activity Assessment

Ajay Jaiswal & Co., Company Secretaries conducted a comprehensive examination of share transfer documents for the certification period. The assessment covered share transfer deeds, memorandum of transfers, registers, and related files maintained by the company's registrar.

The certification revealed specific findings regarding share transfer activities:

• No share certificates relating to transfers were received during the period from 1st April 2025 to 31st March 2026
• Share certificates for exchange requests, duplicates, splits, sub-divisions, consolidations, renewals, and endorsement of calls/allotment monies were issued within one month of lodgment
• All certificates were processed within the regulatory timeframe, except those rejected on technical grounds

Certification Process

The certificate was prepared by Ajay Jaiswal (CP No.: 3684) and carries UDIN: F005112H000079901, dated April 13, 2026, from Varanasi. The certification process involved detailed scrutiny of documents maintained by Mas Services Ltd., which serves as the company's Registrar and Share Transfer Agent.

Company Profile

Banaras Beads Limited operates as an export house recognized by the Government of India, with CIN No. L01131UP1980PLC004984. The ISO-certified company specializes in manufacturing and exporting beads, fashion jewelry, and accessories. The company maintains its registered and head office at A-1, Industrial Estate, Varanasi - 221106.

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.