Banaras Beads FY26 Business Responsibility Sustainability Report

Date: June 24, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

• Paid up Capital: ₹659.75 Lacs
• Total Turnover: ₹2429.03 Lacs
• Total profit after taxes: ₹177.46 Lacs
• Total Spending on Corporate Social Responsibility (CSR) as percentage of profit after tax: NIL

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Business Responsibility Report Disclosure

SECTION A: GENERAL INFORMATION ABOUT THE COMPANY

• Corporate Identity Number (CIN): L01131UP1980PLC004984
• Registered address: A-1, Industrial Estate, Varanasi-221106
• E-mail id: info@banarasbead.com OR rksingh@banarasbead.com
• Financial Year reported: April 1, 2025 to March 31, 2026
• Sector: Manufacturing and export of Handicraft items like Glass Beads; Necklaces, Imitation Jewelry
• Industrial Classification:
• 23109: Manufacturing of Glass Beads
• 32119: Manufacturing of other articles of gold silver and other precious and semiprecious metal and stone
• 32120: Manufacture of imitation Jewellery, Handicrafts and other related items
• Number of International Locations: 0
• Number of National Locations: 2
• Markets served: USA, South Africa, United Kingdom & Ireland, Germany, Europe, Middle East & Africa and India

SECTION B: FINANCIAL DETAILS

• Paid up Capital: ₹659.75 Lacs
• Total Turnover: ₹2429.03 Lacs
• Total profit after taxes: ₹177.46 Lacs
• Total Spending on CSR: NIL
• List of CSR activities: N.A.

SECTION C: OTHER DETAILS

• Subsidiary Companies: No
• Subsidiary participation in BR Initiatives: NA
• Other entity participation in BR initiatives: NA

SECTION D: BR INFORMATION

Director Responsible for BR Implementation

• DIN Number: 00342369
• Name: Shri Siddharth Gupta
• Designation: CEO & Managing Director

BR Head

• DIN Number: 00342369
• Name: Shri Siddharth Gupta
• Designation: CEO and Managing Director
• Telephone number: 0542-2370161-64
• e-mail id: siddharth@banarasbead.com

Principle-wise BR Policies (All 9 NVG Principles)

• Policy exists for all 9 principles: Yes
• Policy formulated in consultation with stakeholders: Yes for all principles
• Policy conforms to national/international standards: Yes for P1, P2, P3, P5, P6; No for P4; Not specified for P7, P8, P9
• Policy approved by Board: Yes for all principles
• Specified committee to oversee implementation: No for all principles
• Policy formally communicated: The Policy has been communicated to internal key stakeholders of the company
• In-house implementation structure: Yes, the company has an in-house structure which is reviewed by the board
• Grievance redressal mechanism: The Board of Directors undertakes the responsibility of addressing stakeholder concerns related to the BR policies
• Independent audit/evaluation: NO

Governance Related to BR

• Frequency of BR performance assessment: 3 - 6 Month
• Company publishes BR/Sustainability Report: No

SECTION E: PRINCIPLE-WISE PERFORMANCE

PRINCIPLE 1 (Ethics, Transparency, Accountability)

• Policy coverage: The Company and all associated are covered by this policy
• Stakeholder complaints: 2 complaints regarding non-receipt of dividend, demat/transfer of shares; all resolved timely

PRINCIPLE 2 (Safe & Sustainable Goods/Services)

• Products with social/environmental concerns: Company products are not having any environmental risk and having much opportunities for small Karigars and villagers
• Sustainable sourcing procedures: Yes, with emphasis on safe working conditions, prevention of child labour and general housekeeping
• Local procurement: Yes, preference to small firms, Karigar, organizations from villages and schedule tribes with training provided
• Recycling mechanism: Yes, all wastages are either recycle or sold for recycling

PRINCIPLE 3 (Employee Wellbeing)

• Total number of employees: 243
• Temporary/contractual/casual employees: 0
• Permanent women employees: 101
• Permanent employees with disabilities: 10
• Employee association: NO
• Complaints: NIL for child labour/forced labour/involuntary labour, sexual harassment, discriminatory employment
• Safety & skill training: Permanent Employees: 10%, Permanent Women Employees: 10%, Casual/Temporary/Contractual Employees: NIL, Employees with Disabilities: 5%

PRINCIPLE 4 (Stakeholder Responsiveness)

• Stakeholder mapping: Yes
• Identification of disadvantaged/vulnerable/marginalized stakeholders: NO
• Special initiatives for marginalized stakeholders: NO

PRINCIPLE 5 (Human Rights)

• Policy coverage: The company adheres to India's Factories Acts 1941, which embodies human rights principles
• Stakeholder complaints: None

PRINCIPLE 6 (Environmental Responsibility)

• Policy coverage: The Company and all associated are covered by this policy
• Strategies for global environmental issues: NO
• Environmental risk assessment: No potential environmental risks
• Clean Development Mechanism projects: No
• Clean technology initiatives: No
• Emissions/Waste within permissible limits: NA
• Pending notices from CPCB/SPCB: NIL

PRINCIPLE 7 (Policy Influence)

• Trade association membership: YES - Federation of Indian Export Organization (FIEO), Chemical and allied Export Promotion Council of India (CAPEXIL), Export Promotion Council for Handicrafts (EPCH), Eastern U.P. Exports Association, Varanasi
• Advocacy through associations: No

PRINCIPLE 8 (Inclusive Growth)

• Programs/initiatives: NO
• Implementation structure: No
• Impact assessment: No
• Community development contribution: Nil
• Community adoption steps: No

PRINCIPLE 9 (Customer Responsibility)

• Pending customer complaints: NIL
• Product information display: Yes, over and above local law requirements
• Unfair trade practice cases: No cases pending
• Consumer surveys: No