Banaras Beads Limited has informed the Exchange about General Updates Intimation regarding reminder cum Final Call Notice to Partly Paid-up Equity Shareholders in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (ISIN: INE655B01011).
BANARBEADS · price
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Banaras Beads has issued a final call notice to 437 shareholders who hold partly paid-up equity shares allotted during its 1995 public issue. These shareholders originally paid only Rs. 2,500 per 100 shares (application money) out of the Rs. 8,500 issue price, leaving a balance of Rs. 6,000 which has now been reduced to Rs. 3,875 after adjusting dividends declared over the years. The Board has decided to stop adjusting future dividends against this balance and is demanding full payment by August 14, 2025. If shareholders fail to pay, the company will forfeit their partly paid-up shares along with the amount already paid. Once made fully paid, these shares will become tradable on BSE and NSE.
This is a routine compliance filing related to very old, unlisted partly paid-up shares from a 1995 issue and is unlikely to have any material impact on the company's listed stock or existing shareholders. The 43,700 shares represent a tiny fraction of the company's capital, and the forfeiture risk applies only to the defaulting 1995 allottees, not to current trading shareholders.