Banaras Beads Limited has submitted a regulatory filing to BSE Limited and The National Stock Exchange of India Limited. The filing is a Statement of Deviation and Variation pursuant to Regulation 32(1), (2) and (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter and year ended March 31, 2026.
The core disclosure states that the company has not raised any funds since 1995. Consequently, all fields in the statement pertaining to fund utilization are marked as 'N.A.' or 'NIL'. The specific disclosures are:
- Mode of Fund Raising: Not Applicable (N.A.)
- Date of Raising Funds: Not Applicable (N.A.)
- Amount Raised: Not Applicable (N.A.)
- Is there a Deviation/Variation in use of funds raised?: Not Applicable (N.A.)
- Date of shareholder Approval: NIL
- Explanation for the Deviation/Variation: NIL
- Comments of the Audit Committee: "No fund raised since 1995"
- Comments of the auditors: "No fund raised since 1995"
The table detailing objects for which funds were raised and any subsequent deviation is left blank, as there are no funds to report on.
The statement confirms there is no financial impact, deviation, or variation to report. It was reviewed by the company's Audit Committee and approved by its Board of Directors in a meeting held on May 28, 2026. The letter was signed and submitted by Ramesh Kumar Singh, Company Secretary (FCS: 4071), on the same date.