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BANARBEADS - Banaras Beads

📊 NSE: BANARBEADS 🏢 Glass & Glass Products 📅 Last Updated: 12/13/2025 19:01

📢 Recent Corporate Announcements

Banaras Beads Wins Second Prize in State Exports Award Uttar Pradesh 2024-2025

🟢 POSITIVE ⭐ 4/10

OTHER 📅 11 Mar 2026, 10:59 AM

Banaras Beads Limited has been recognized for its outstanding export performance by the MSME/Exports Promotion Council of Uttar Pradesh. The company secured the Second Prize in the Glass and Ceramic category for the period 2024-2025. The award was presented on March 10, 2026, by the Principal Secretary of MSME & Export Promotion, Government of Uttar Pradesh. This recognition underscores the company's competitive strength and operational excellence in the international export market.

Awarded Second Prize in the Glass and Ceramic category for outstanding export performance.
Recognition received from the MSME/Exports Promotion Council of Uttar Pradesh for the 2024-2025 period.
The award was presented by the Principal Secretary of MSME & Export Promotion on March 10, 2026.
Chairman & Managing Director Shri Ashok Kumar Gupta personally received the award.

💡 Investors should view this as a positive validation of the company's export capabilities and market reputation, though it has no immediate impact on financial projections.

Banaras Beads Q3 FY26 Results: Board Approves Un-audited Financials with Clean Audit Report

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 02 Feb 2026, 01:28 PM

Banaras Beads Limited has submitted its un-audited financial results for the third quarter ended December 31, 2025. The Board of Directors approved the results in a meeting held on January 29, 2026, which lasted approximately 95 minutes. Crucially, the statutory auditors have issued a Limited Review Report without any qualifications or adverse remarks. This filing confirms the company's compliance with SEBI Regulation 33 regarding financial disclosures.

Board approved un-audited financial results for the quarter ended December 31, 2025.
Statutory auditors issued a clean Limited Review Report with no adverse remarks or qualifications.
The Board meeting was conducted on January 29, 2026, from 11:30 A.M. to 01:05 P.M.
Filings include mandatory statements on loan defaults, related party transactions, and audit qualifications.

💡 Investors should examine the full financial tables to evaluate specific revenue and profit growth trends. The absence of auditor qualifications is a positive indicator of financial reporting transparency.

Banaras Beads Forfeits 38,700 Equity Shares Due to Non-Payment of Call Money

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 02 Feb 2026, 11:22 AM

Banaras Beads Limited has officially forfeited 38,700 partly paid-up equity shares held by 387 shareholders who failed to pay their allotment and call money. The forfeiture follows a final deadline of December 25, 2025, and multiple prior reminders. The total unpaid amount involved was approximately ₹12.19 lakh, including ₹1.93 lakh in call money and ₹10.25 lakh in premium. These shares are now the property of the company and have been cancelled, extinguishing all previous claims by the defaulting shareholders.

38,700 partly paid-up equity shares forfeited across 387 defaulting shareholders
Unpaid dues amounted to ₹1,93,500 in call money and ₹10,25,275 in premium
Board of Directors approved the forfeiture in a meeting held on January 29, 2026
Forfeited shares are deemed company property and may be sold or re-allotted in the future

💡 Investors should note this as a routine capital restructuring activity that marginally reduces the number of outstanding shares. No specific action is required for current fully paid-up shareholders.

Banaras Beads Q3 PAT Surges 1490% QoQ to ₹57.9 Lacs; 9M Revenue Down 22% on US Tariffs

🔵 WATCH ⭐ 7/10

EARNINGS 📅 29 Jan 2026, 04:54 PM

Banaras Beads reported a sharp sequential recovery in Q3 FY26, with revenue rising 53.11% QoQ to ₹772.48 lacs and PAT jumping 1490% to ₹57.90 lacs. Despite this quarterly bounce, the nine-month (9M) performance shows a 22.11% decline in revenue and an 11.81% drop in PAT compared to the previous year. The company attributed the year-to-date weakness to US-based buyers holding orders due to increased US government tariffs. Management is currently in negotiations with these buyers and emphasized that no orders have been cancelled so far.

Q3 FY26 Revenue increased 53.11% sequentially to ₹772.48 lacs from ₹504.54 lacs in Q2.
Profit After Tax (PAT) for Q3 surged to ₹57.90 lacs compared to just ₹3.64 lacs in the previous quarter.
9M FY26 Revenue fell 22.11% YoY to ₹1897.86 lacs, impacted by US tariff-related order delays.
9M FY26 PAT declined 11.81% YoY to ₹122.53 lacs, with EPS dropping to ₹0.97 from ₹2.09 YoY.
Management confirms negotiations are ongoing with US buyers and no orders have been cancelled to date.

💡 Investors should closely monitor the resolution of US tariff negotiations as the company's export-heavy model faces significant geopolitical headwinds. While the sequential recovery is positive, the sharp YoY decline in 9M earnings warrants a cautious approach until export stability is restored.

Banaras Beads Reports Nil Deviation in Fund Utilization for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jan 2026, 01:52 PM

Banaras Beads Limited has submitted its quarterly statement regarding the deviation or variation in the use of funds raised through public or rights issues. The company confirmed that no funds have been raised since 1995, resulting in zero deviation for the quarter ended December 31, 2025. This filing is a mandatory regulatory requirement under SEBI (LODR) Regulations to ensure transparency in capital usage. The statement was reviewed and approved by the Audit Committee and the Board on January 29, 2026.

Statement filed for the quarter ended December 31, 2025, under Regulation 32 of SEBI (LODR).
Company confirms no fresh funds have been raised from the public since 1995.
Reported deviation or variation in fund utilization is NIL.
The Audit Committee and Board of Directors reviewed the compliance report on January 29, 2026.

💡 This is a routine regulatory filing with no material impact on the company's financial health or stock price. Investors should monitor actual earnings reports for performance insights.

Banaras Beads Forfeits 38,700 Partly Paid-Up Equity Shares

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 29 Jan 2026, 01:41 PM

Banaras Beads Limited has officially forfeited 38,700 partly paid-up equity shares following the non-payment of allotment and call money. The decision was finalized by the Board of Directors on January 29, 2026, after shareholders failed to respond to multiple reminders, including a final deadline of December 25, 2025. A total of 387 shareholders were affected by this action. The company noted that unpaid amounts totaled approximately Rs. 1.93 lakh in call money and Rs. 10.25 lakh in share premium.

Forfeiture of 38,700 equity shares with a face value of Rs. 10 each.
Total unpaid dues amounted to Rs. 1,93,500 in call money and Rs. 10,25,275 in premium.
The action impacts 387 shareholders who failed to meet the final payment deadline.
Amounts already paid-up on these shares, including premium, stand forfeited to the company.
Board approval for the forfeiture was granted in a meeting held on January 29, 2026.

💡 This is a routine capital management action and has a negligible impact on the overall valuation of the company. Investors holding partly paid shares in any company should ensure timely payment of calls to avoid loss of their investment through forfeiture.

Banaras Beads Q3 FY26 Results: Board Approves Unaudited Financials with Clean Audit Report

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 29 Jan 2026, 01:14 PM

Banaras Beads Limited has announced the approval of its unaudited financial results for the quarter ended December 31, 2025. The board meeting, held on January 29, 2026, confirmed that the results were reviewed by the Audit Committee and the Board. Crucially, the statutory auditors have issued a Limited Review Report without any qualifications or adverse remarks. This indicates that the financial disclosures for the period are in compliance with SEBI regulations and maintain reporting integrity.

Board approved unaudited financial results for the quarter ended December 31, 2025.
Statutory auditors issued a Limited Review Report with no qualifications or adverse remarks.
The board meeting was conducted on January 29, 2026, between 11:30 A.M. and 01:05 P.M.
Compliance confirmed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should examine the detailed financial tables once fully published to evaluate specific revenue and profit growth. The absence of auditor qualifications is a positive indicator of the company's financial transparency.

Banaras Beads Reports Full Compliance with SEBI SDD Regulations for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Jan 2026, 12:13 PM

Banaras Beads Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended December 31, 2025. The company confirmed that it has a non-tamperable internal system in place to track Unpublished Price Sensitive Information (UPSI) as per SEBI (PIT) Regulations. During the quarter, the company identified and successfully captured 1 required event in the database. No instances of non-compliance were reported, indicating adherence to corporate governance standards.

Successfully captured 1 required UPSI event in the database during the quarter ended December 31, 2025
Confirmed maintenance of a non-tamperable database with an audit trail capability for 8 years
Reported zero non-compliance issues regarding SEBI (Prohibition of Insider Trading) Regulations
Verified that internal controls exist to restrict access to the Structured Digital Database

💡 This is a routine regulatory filing demonstrating compliance with insider trading norms. No immediate action is required from investors as it does not impact the company's financial fundamentals.

Banaras Beads Complies with SEBI (DP) Regulations for Quarter Ended Dec 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 01:52 PM

Banaras Beads Limited has submitted its quarterly compliance certificate for the period ending December 31, 2025. The document confirms adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar, Mas Services Limited, verified that all dematerialization requests were handled within the required 15-day period. This ensures that the company's shareholding records are accurately maintained and updated with the depositories.

Quarterly compliance certificate issued by Registrar and Share Transfer Agent, Mas Services Limited.
Covers the dematerialization process for the period from October 1, 2025, to December 31, 2025.
Confirms that security certificates were processed, mutilated, and cancelled within 15 days of receipt.
Ensures the name of the Depository was substituted in the register of members as the registered owner.

💡 This is a standard administrative update; investors should focus on the company's upcoming financial results for material performance indicators.

Banaras Beads Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Dec 2025, 01:47 PM

Banaras Beads Limited has informed the exchanges that its trading window will be closed starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the announcement of the un-audited financial results for the quarter ending December 31, 2025. The window will remain shut for all designated persons, including directors and promoters, until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated in due course.

Trading window closure commences on January 1, 2026.
Closure pertains to the financial results for the quarter ended December 31, 2025.
Restriction applies to 17 designated persons and entities, including promoters and directors.
Trading window will reopen 48 hours after the official announcement of quarterly results.

💡 This is a routine regulatory filing with no direct impact on stock valuation. Investors should await the announcement of the board meeting date to review the company's quarterly performance.

Banaras Beads Issues Final Forfeiture Notice for 40,300 Partly Paid-Up Shares

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Dec 2025, 11:16 AM

Banaras Beads Limited has issued a second final reminder to 403 shareholders who hold 40,300 partly paid-up equity shares from a 1995 public issue. Shareholders are required to pay the outstanding balance by December 25, 2025, to avoid the forfeiture of their shares and any previously paid amounts. The company has adjusted accumulated dividends from FY 2011-12 to 2024-25 against the dues, leaving a balance of approximately ₹3,875 for a standard 100-share lot. Upon payment, these shares will be marked as fully paid-up and become eligible for trading on the BSE and NSE.

Final notice issued to 403 shareholders holding 40,300 partly paid-up shares from the 1995 public issue.
Deadline for payment of outstanding dues is set for December 25, 2025.
Failure to pay will result in the forfeiture of shares and all previously paid capital under the Articles of Association.
Balance due for a 100-share lot is ₹3,875 after adjusting for dividends from 2011 to 2025.
Shares will only become tradable and eligible for dematerialization after full payment is processed.

💡 Affected shareholders should immediately settle the outstanding dues before the December 25 deadline to prevent total loss of their holdings. For other investors, this is a routine administrative cleanup of the company's capital structure with no significant impact on valuation.

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💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Handicrafts (Glass Beads, Necklaces, Imitation Jewelry), which grew 11.85% YoY to INR 31.56 Cr in FY 2024-25.

Geographic Revenue Split

Mainly Varanasi-based commercial activity; the company identifies as an Export House, indicating a high percentage of international revenue, though specific % split is not disclosed.

Profitability Margins

Net Profit Margin for FY 2024-25 was 9.78% (INR 3.08 Cr), a slight improvement from 9.75% (INR 2.75 Cr) in FY 2023-24.

EBITDA Margin

Not explicitly disclosed, but Net Profit Before Taxation margin was 12.84% in FY 2024-25, up from 13.06% in FY 2023-24.

Capital Expenditure

The company is in the process of expanding into developing a Logistic Park/Godown to generate additional income; specific INR Cr values are not disclosed.

⚙️ Operational Drivers

Raw Materials

Glass, beads, and jewelry components are the primary raw materials; specific % of total cost is not disclosed.

Capacity Expansion

Expanding into Logistic Park/Godown development; current manufacturing capacity for beads/jewelry is not disclosed in MT/units.

Manufacturing Efficiency

The company employs 236 permanent employees (including 98 women) as of March 31, 2025; labor relations are reported as cordial.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be driven by the launch of the 'de-Lemon' retail brand in the indigenous market, online sales through Amazon and Flipkart, development of a Logistic Park/Godown, and continuous development of new handicraft designs.

Products & Services

Glass Beads, Necklaces, and Imitation Jewelry.

Brand Portfolio

de-Lemon

New Products/Services

New handicraft items/designs and the 'de-Lemon' retail product line; expected revenue contribution % is not disclosed.

Market Expansion

Targeting the indigenous Indian market through retail counters, stores, and e-commerce platforms.

Strategic Alliances

Online retail partnerships with Amazon and Flipkart.

🌍 External Factors

Industry Trends

The handicraft industry is seeing increased demand in international and indigenous markets, with a shift toward organized retail and e-commerce adoption.

Competitive Moat

Moat is derived from its status as a Government-recognized Export House and ISO 9001:2015 certification, ensuring quality standards for international buyers.

Macro Economic Sensitivity

Highly sensitive to global economic conditions and government fiscal policies related to exports (duty drawback, DEPB).

Consumer Behavior

Shift toward online purchasing for imitation jewelry and handicrafts via platforms like Amazon and Flipkart.

Geopolitical Risks

Trade barrier impacts and changes in international custom duties/government policies.

⚖️ Regulatory & Governance

Industry Regulations

Operations are affected by duty drawback schemes, DEPB, and custom duty on imports.

Environmental Compliance

ISO 9001:2015 certified; specific ESG compliance costs are not disclosed.

Taxation Policy Impact

Effective tax rate for FY 2024-25 was approximately 23.8% (INR 0.96 Cr tax on INR 4.05 Cr PBT).

Legal Contingencies

A 2.509-hectare land parcel was acquired by VDA in 2000; the company issued a forfeiture notice to 403 shareholders for 40,300 partly paid-up shares.

⚠️ Risk Analysis

Key Uncertainties

Future Covid-19 impacts, changes in duty drawback/DEPB rates, and exchange rate volatility could impact profitability by over 10-20% based on growth targets.