Banaras Beads Limited will hold its 46th Annual General Meeting (AGM) on July 30, 2026, at Khatiya Lal Gupta Smriti Bhawan in Varanasi. The meeting will be conducted in physical mode to transact business including the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Shri Ashok Kumar Gupta as a director liable to retire by rotation. The Register of Members and share transfer books will remain closed from July 24, 2026, to July 30, 2026, for the purpose of the AGM.

In compliance with the Companies Act, 2013, and SEBI regulations, the company has dispatched the AGM notice and annual reports to shareholders whose email addresses are registered with the company or its Registrar and Share Transfer Agents, Mas Services Limited. Members without registered email addresses can download the documents from the company's website or the websites of BSE Limited and National Stock Exchange of India Limited.

The facility for remote e-voting will be available from July 27, 2026, at 9:00 a.m. to July 29, 2026, at 5:00 p.m. The cut-off date to determine eligibility for e-voting and physical participation at the AGM is July 23, 2026. Shareholders who have not cast their votes electronically may exercise their rights at the meeting using ballot papers, though those who have voted via e-voting will not be permitted to vote again at the venue.

Key Meeting Details

The ordinary business to be transacted includes the consideration and adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and the Auditors. Additionally, the meeting will address the re-appointment of Shri Ashok Kumar Gupta (DIN: 00016661). Queries regarding e-voting can be directed to Mr. Sarwan Mangla, Manager at Mas Services Limited.

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.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE655B01011/0ce06c73-c7e4-45ec-b14d-e0b1be7e1ee7.pdf