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An update from Banaras Beads Limited ( (IN:BANARBEADS) ) is now available.
Banaras Beads Limited has forfeited 38,700 partly paid-up equity shares of Rs 10 each after shareholders failed to pay the outstanding allotment and call money, including share premium, despite multiple reminder and final call notices. The board’s decision, taken on 29 January 2026, affects 387 shareholders and removes these defaulted shares from the company’s equity base, signalling stricter enforcement of payment obligations and marginally tightening its share capital structure, with formal forfeiture notices to be issued in due course.
More about Banaras Beads Limited
Banaras Beads Limited is an Indian listed company, traded on the BSE (scrip code 526849) and NSE (scrip code BANARBEAD). The company has an established shareholder base and its equity shares carry a face value of Rs 10 each, reflecting a conventional capital structure for a small to mid-sized listed enterprise.
Average Trading Volume: 1,666
Technical Sentiment Signal: Hold
Current Market Cap: 743.3M INR
See more insights into BANARBEADS stock on TipRanks’ Stock Analysis page.