Banaras Beads Limited has announced a board meeting to review its quarterly financial performance, marking an important milestone in the company's regulatory compliance and investor communication process.

Board Meeting Details

The company has scheduled its board meeting with specific parameters that demonstrate adherence to regulatory requirements:

Primary Agenda Items

The board meeting will focus on two key areas of business. The primary objective involves considering and approving the company's standalone unaudited financial results for the quarter ended December 31, 2025. Additionally, the board will address other related matters as part of the meeting proceedings.

Trading Window Restrictions

The company has implemented trading window closure measures in accordance with regulatory requirements. The trading window close period commenced from January 1, 2026, and is scheduled to end 48 hours after the financial results are made public on January 29, 2026. This measure ensures compliance with insider trading regulations and maintains market integrity.

Company Background

Banaras Beads Limited operates as an export house recognized by the Government of India, specializing in manufacturing and exporting beads, fashion jewelry, and accessories. The company maintains its registered and head office at A-1, Industrial Estate, Varanasi, and holds ISO certification for its operations.

Regulatory Compliance

The announcement demonstrates the company's commitment to maintaining transparency and adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal notice has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring proper disclosure to all relevant stakeholders and regulatory authorities.

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.