Corporate Action Alert

Banaras Beads Limited has taken a significant step in addressing unpaid share call money by issuing a forfeiture notice. This action comes as part of the company's efforts to ensure compliance with share payment obligations.

Key Points:

1. Forfeiture Notice Issued: The company has formally notified shareholders who have not paid the call money on their partly paid-up equity shares.

2. Affected Shares: The notice pertains to 104,400 partly paid-up equity shares of face value Rs. 10.00 each.

3. Outstanding Amount: The total call money due on these shares amounts to Rs. 730,800.00.

4. Deadline for Payment: Shareholders have been given a 14-day window to make the payment, starting from the date of the notice.

5. Consequence of Non-Payment: Failure to pay within the stipulated time may result in the forfeiture of these shares, as per the company's articles of association and applicable laws.

Implications for Investors:

• Existing Shareholders: Those holding partly paid-up shares should ensure timely payment to avoid potential forfeiture.
• Potential Investors: This action demonstrates the company's commitment to maintaining financial discipline and could impact the overall share structure.

Market Response:

Investors and market analysts will be closely watching how this corporate action affects Banaras Beads Limited's share price and overall market perception in the coming days.

Disclaimer: This news is for informational purposes only and should not be considered as financial advice. Investors are advised to conduct their own research and consult with financial experts before making any investment decisions.

Banaras Beads Limited , a prominent exporter of glass beads and handicrafts, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company faced headwinds due to increased tariffs imposed by the US government, resulting in a significant decline in both revenue and profit compared to the previous periods.

Financial Performance

The company's financial performance for Q2 FY2026 and H1 FY2026 is summarized in the table below:

Impact of US Tariffs

The company reported that US-based buyers have put orders on hold due to increased tariffs imposed by the US government. This situation has led to a decrease in quarterly turnover and profit. However, it's important to note that no orders have been cancelled.

Ongoing Negotiations and Future Outlook

Banaras Beads Limited is actively engaged in negotiations with US-based buyers to address the tariff situation. The company stated:

• They expect turnover to match or exceed last year's levels by the end of the fiscal year.
• The company is currently accepting orders based on new rates to avoid further confusion regarding tariff matters.

Management Commentary

Siddharth Gupta, CEO and Managing Director of Banaras Beads Limited, commented on the situation: "The negotiation on enhanced tariffs by the US Government is ongoing with US-based buyers. We hope this matter will be resolved shortly. While the current quarter has seen a decrease in turnover and profit, we are confident that by the end of the year, our turnover will be comparable to or higher than last year's figures."

About Banaras Beads Limited

Banaras Beads Limited is primarily engaged in the export of glass beads, handicrafts, and related items. The company continues to navigate the challenges posed by international trade dynamics while maintaining its core business operations.

The financial results were reviewed by the audit committee and approved by the board of directors. As the global trade landscape evolves, Banaras Beads Limited remains committed to adapting its strategies to maintain its market position in the handicrafts export sector.