Banaras Beads to hold AGM on July 30, no dividend for FY26
Banaras Beads Limited has scheduled its 46th Annual General Meeting for July 30, 2026, to adopt the audited standalone financial statements for the financial year ended March 31, 2026. The board has not recommended any dividend for the year due to lower profits. Shareholders will also vote on the re-appointment of Shri Ashok Kumar Gupta as Managing Director, who currently earns ₹250,000 per month and holds 886,185 shares. E-voting is open from July 27 to July 29, 2026, for members holding shares as of July 23, 2026.
*this image is generated using AI for illustrative purposes only.
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.
| Particulars | Details |
|---|---|
| Name | Shri Ashok Kumar Gupta |
| DIN | 00016661 |
| Date of Appointment | Director since 1980; Managing Director from April 1, 1994 |
| Remuneration | ₹250,000 per month |
| Shares Held | 886,185 |
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.
Historical Stock Returns for Banaras Beads
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | +12.68% | +13.59% | -2.88% | -3.09% | +96.90% |
What strategic initiatives does the board plan to implement to reverse the profit decline and restore dividend payouts?
Will the long-serving Managing Director outline a succession plan or new strategic direction during his upcoming re-appointment term?
How does the company plan to address the market concerns regarding the consecutive drop in profitability in the upcoming fiscal year?
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