Banaras Beads Ltd disclosed its shareholding pattern for the financial year ended March 31, 2026, confirming that promoters and Persons Acting in Concert (PAC) did not encumber any shares during this period. The disclosure was submitted to the BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the ownership structure and any potential charges on the promoter group's holdings.

The company communicated the details through its Company Secretary, Ramesh Kumar Singh, on April 6, 2026. The submission included a formal declaration from the promoters regarding the status of their shareholding. The document explicitly states that no shares held directly or indirectly by the promoters or PAC were subject to any encumbrance throughout FY26.

Key Disclosure Details

The filing addressed the following specific points regarding the shareholding status:

Ashok Kumar Gupta, a promoter and member of the promoter group, provided the confirmation on behalf of the promoters and PAC. The declaration was signed in Varanasi on April 6, 2026. A copy of the disclosure was also forwarded to the Audit Committee of Banaras Beads Ltd for their records.

Banaras Beads Limited reported a 42.5% decline in net profit to ₹177.46 lakh for the financial year ended March 31, 2026, down from ₹308.81 lakh in the previous year. Revenue from operations fell 19.2% to ₹2548.68 lakh for FY26, compared to ₹3156.32 lakh in FY25. The company's Board approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹54.93 lakh, a decrease from ₹65.99 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹650.82 lakh, lower than the ₹719.71 lakh reported in Q4FY25. Total income for the quarter was ₹696.87 lakh, while total expenses amounted to ₹633.13 lakh.

The statutory auditors, M/s G. D. Dubey & Associates, issued an unmodified opinion on the audited financial results. The report confirms that the results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors stated the results provide a true and fair view of the company's financial performance.

Financial Performance

The following table outlines the key financial metrics for Banaras Beads for the quarter and year ended March 31, 2026:

Operational Highlights

The company noted that US-based buyers had previously held orders due to increased tariffs by the US government. Following the resolution of the tariff matter, buyers have confirmed orders, and export execution has commenced. The management assessed the impact of the new Labour Codes notified by the Government of India and stated that there would be no significant material impact on the Statement of Profit and Loss.

Banaras Beads confirmed there are no outstanding defaults on loans or debt securities. The company also stated that no complaints were received from shareholders, SEBI, or others during the quarter, and no complaints were pending unresolved as of March 31, 2026.