Meeting Details
Banaras Beads Limited held its 46th Annual General Meeting on Thursday, July 30, 2026, through physical mode. The meeting commenced at 3:00 PM and concluded at 4:10 PM at Kanhaiya Lal Gupta Smriti Bhawan, D-58/50-A-2-1-A, Shivpurawa, Rathyatra, Varanasi 221010.
Attendance
Shareholders: Total 67 shareholders attended - 5 from Promoter and Promoter Group category and 62 public shareholders. No attendees through proxy/authorized representative or video conference.
Directors Present:
- Mr. Ashok Kumar Gupta - Chairman & Managing Director
- Mr. Siddharth Gupta - Chief Officer & Executive Managing Director, Chairman of Risk Management Committee
- Smt. Jayanti Mathur - Women Non-Executive Director
- CA Sushil Kumar Kandoi - Independent Director, Chairman of Audit and CSR committee
- Mr. Anil Kumar Gupta - Independent Director, Chairman of Stake Holders Relationship, Grievance and Share Transfer
- Mr. Manan Kumar Sah - Independent Director, Chairman of Nomination & Remuneration Committee
Other Officials Present:
- Mr. R.K. Singh - Company Secretary & Compliance Officer
- Mr. Vinay Kumar Piyush - Chief Financial Officer
- Mr. G.D. Dubey - Statutory Auditor, Partner, G.D. Dubey and Associates
- Mr. Ajay Jaiswal - Scrutinizer, Practicing Company Secretaries
- Smt. Shivani Gupta - Vice President
- Mr. Kamal Kishor Srivastava - Internal Auditor, Partner, Kamal Kishor & Co.
Voting Details
The e-voting period was from July 27, 2026, to July 29, 2026. Members who had not voted through remote e-voting were able to cast their votes through ballot during the meeting. Ajay Jaiswal & Co., Practicing Company Secretaries was appointed as Scrutinizer to scrutinize both remote e-voting and ballot votes.
Proceedings
The meeting had quorum present at 3:00 PM with 5,969 shareholders on record as of the cut-off date July 23, 2026.
Mr. R.K. Singh, Company Secretary, explained meeting procedures including participation and ballot voting. Chairman & Managing Director Mr. Ashok Kumar Gupta delivered his speech. Mr. Siddharth Gupta, CEO & Managing Director, discussed future prospects/business strategy and ways to increase company turnover through new products.
The Company Secretary confirmed there were no qualifications, observations, or comments in the Audit Report and Secretarial Audit Report for FY 2025-2026. Original documents including register of Director's shareholding, register of contracts, and copies of audited financial statements were available for inspection.
The AGM notice was sent to all 5,969 members - 1,056 by courier/post and 5,011 by email. The notice along with audited standalone financial statements, Board Report, and Auditors' Report were emailed to registered shareholders by June 29, 2026. Physical copies were available for download from company website http://bblinvestor.com/investor/25-26/AnnualReport/ANNUALREPORT2025-26.pdf
AGM notice, book closure details were published in Business Standard (English and Hindi editions) on July 2, 2026.
Resolutions Passed
Item No. 1 - Ordinary Business: Adoption of audited Standalone Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors. Passed as ordinary resolution.
Item No. 2 - Ordinary Business: Re-appointment of Shri Ashok Kumar Gupta (DIN: 00016661) as director liable to retire by rotation. Passed as ordinary resolution.
Shareholder Questions
Shareholders raised questions regarding future business strategy, absence of dividend declaration, and accounts-related matters. The Company Secretary responded to all questions as authorized by the Chairman.
Conclusion and Disclosure
The Chairman thanked members for their support and participation. Voting results along with consolidated Scrutinizer's Report will be informed to Stock Exchanges and placed on company website, NSDL, and Stock Exchange websites within 48 hours from meeting conclusion as per Regulation 44(3) of SEBI (LODR) Regulations, 2015 and Section 108 of Companies Act, 2013.