Banaras Beads Limited , a company known for its bead manufacturing and exports, has made a significant move in expanding its physical assets. The company has successfully acquired a 1680 square meter property in Village Karnadandi, Varanasi, through an open bid process conducted by the Varanasi Development Authority (VDA).

Property Acquisition Details

The property, purchased for Rs. 6.77 crore, is strategically located near the company's existing land. This acquisition is part of Banaras Beads Limited's future expansion plans and will be utilized for warehouse development.

Financing the Purchase

To fund this acquisition and subsequent development, Banaras Beads Limited has secured a loan from HDFC Bank. The key details of the financing are as follows:

Allocation of Funds

• Rs. 5,28,90,000 for land purchase
• Rs. 2,27,10,000 for construction

Current Status

• HDFC Bank has disbursed Rs. 5,28,90,000 for the land purchase.
• The full payment for the property has been made to the Varanasi Development Authority.
• The purchased property will be mortgaged in favor of HDFC Bank.
• The sale deed is pending execution, expected to be completed in due course.

Strategic Implications

This acquisition represents a significant step in Banaras Beads Limited's growth strategy. The new property's proximity to the company's existing land suggests a consolidation of its operational footprint in Varanasi. The planned warehouse development indicates the company's focus on enhancing its logistics and storage capabilities, which could potentially improve its operational efficiency and support future growth initiatives.

As Banaras Beads Limited moves forward with this expansion, stakeholders will likely be keen to observe how this investment translates into improved operational capacity and potential business growth in the coming years.

Banaras Beads Limited , a company known for its bead manufacturing and exports, has officially confirmed the appointment of Mrs. Jayanti Mathur as a Non-Executive Director. The confirmation took place during the company's 45th Annual General Meeting (AGM) held on August 7, 2025.

Appointment Details

Mrs. Mathur's journey with Banaras Beads Limited began on May 29, 2025, when she was initially appointed to the board. The recent AGM saw the company's members formally approving and confirming her position.

Professional Background

Mrs. Jayanti Mathur brings a wealth of experience to her new role:

• Education: Post Graduate degree in Commerce (Marketing) from Banaras Hindu University
• Experience: Over ten years in various fields including Marketing, Finance, Management, decoration, and designing

Regulatory Compliance

In line with corporate governance standards, Banaras Beads Limited has confirmed that:

• Mrs. Mathur is not related to any existing director of the company
• She has not been debarred from holding directorial positions by the Securities and Exchange Board of India (SEBI) or any other regulatory authority

Additional Board Changes

During the same AGM, the company also approved the appointment of M/s Ajay Jaiswal & Co., Company Secretaries, as the Secretarial Auditor for a period of five years, from the financial year 2025-26 to 2029-30.

This appointment of Mrs. Mathur and the new Secretarial Auditor reflects Banaras Beads Limited's commitment to strengthening its corporate governance and bringing diverse expertise to its leadership team.

The company has duly informed the stock exchanges about these appointments, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.