Banaras Beads Limited has filed its Business Responsibility and Sustainability Report for the financial year 2025-26, disclosing a profit after tax of ₹177.46 Lacs on a total turnover of ₹2429.03 Lacs. The company, which manufactures and exports glass beads and imitation jewellery, confirmed that while the report is part of its Annual Report, the relevant provisions of Regulation 34 (2)(f) of SEBI LODR do not currently apply to it. The filing was submitted to the BSE Limited and the National Stock Exchange of India on June 24, 2026.

The company reported a paid-up capital of ₹659.75 Lacs and stated that it did not incur any expenditure on Corporate Social Responsibility (CSR) activities during the year. Banaras Beads operates from two national locations and serves markets including the USA, South Africa, the United Kingdom, Germany, Europe, the Middle East, Africa, and India. The firm confirmed it has no subsidiary companies.

Financial and Operational Overview

The financial performance for the year reflects the company's operations in the manufacturing and export of handicraft items. The following table summarizes the key financial figures disclosed in the report:

Governance and Compliance

Shri Siddharth Gupta, CEO and Managing Director, is the director responsible for the implementation of the Business Responsibility (BR) policy. The company stated that it has policies conforming to the National Voluntary Guidelines on Social, Environmental, and Economic Responsibilities of Business across all nine principles. These policies have been approved by the Board and communicated to internal stakeholders. The Board reviews the BR performance every 3 to 6 months.

Regarding stakeholder grievances, the company received two complaints during the financial year concerning non-receipt of dividend and demat or transfer of shares. Management reported that all complaints were resolved satisfactorily and in a timely manner. There were no pending complaints related to child labour, forced labour, involuntary labour, sexual harassment, or discriminatory employment as of the end of the financial year.

Social and Environmental Initiatives

Banaras Beads employs a total of 243 permanent workers, including 101 women and 10 employees with disabilities. The company provides training to local artisans, known as Karigars, to improve their skills and productivity, and prioritizes procurement from small firms and organizations in villages. The company reported that 10% of permanent employees and 5% of employees with disabilities received safety and skill up-gradation training.

On the environmental front, the company stated that its products do not pose significant environmental risks and that all waste generated is either recycled or sold for recycling. The firm confirmed it does not have specific strategies to address global environmental issues such as climate change and has not undertaken projects related to the Clean Development Mechanism. Additionally, there were no pending legal notices from pollution control boards at the end of the financial year.

Banaras Beads Limited has scheduled its 46th Annual General Meeting for July 30, 2026, at 3.00 P.M. The meeting will be held at Kanhaiya Lal Gupta Smriti Bhawan in Varanasi to transact ordinary business, including the adoption of audited standalone financial statements for the financial year ended March 31, 2026. The board has not recommended any dividend for the year ended March 31, 2026, citing lower profits.

Agenda and Resolutions

The primary business involves the adoption of the audited standalone financial statements for FY26, along with the reports of the Board of Directors and the Auditors. Additionally, the meeting will seek shareholder approval for the re-appointment of Shri Ashok Kumar Gupta (DIN: 00016661) as a director liable to retire by rotation. Gupta, who has been a director since 1980 and Managing Director since April 1, 1994, is eligible for re-appointment.

Key Dates and E-Voting

The register of members and share transfer books will remain closed from July 24, 2026, to July 30, 2026. The remote e-voting period commences on July 27, 2026, at 9:00 a.m. IST and concludes on July 29, 2026, at 5:00 p.m. IST. Members holding shares as of the cut-off date, July 23, 2026, are eligible to vote. Mr. Ajay Kumar Jaiswal, Proprietor of Ajay Jaiswal & Co., has been appointed as the Scrutinizer for the e-voting process.

Director Re-appointment Details

The board recommended the re-appointment of Shri Ashok Kumar Gupta based on the performance evaluation and the recommendation of the Nomination and Remuneration Committee. His current remuneration is ₹250,000 per month along with other perquisites. He holds 886,185 shares in the company.

Statutory Auditors

M/s G D Dubey & Associates, Chartered Accountants, were appointed as Statutory Auditors at the 42nd AGM held on August 18, 2022, for a five-year term. Consequently, no resolution for ratification or re-appointment of statutory auditors is proposed at this meeting.