Banaras Beads Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2024-25.'.
BANARBEADS · price
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Banaras Beads Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, though the company notes that Regulation 34(2)(f) of SEBI LODR is not currently applicable to it. The Varanasi-based company manufactures and exports glass beads, imitation jewellery, and handicraft items to markets including the USA, South Africa, UK, Germany, Europe, the Middle East, and India. For FY25, it reported a total turnover of ₹29.93 crore, profit after tax of ₹3.09 crore, and paid-up capital of ₹6.61 crore, while spending nothing on CSR. The company has policies covering all nine NVGS principles but has no dedicated board committee to oversee BR implementation, no independent audit of BR policies, no climate change or clean technology initiatives, and no community development projects. It employs 248 people, including 105 women and 9 persons with disabilities, and received 2 minor shareholder complaints during the year, all of which were resolved.
This is a routine compliance/ESG disclosure with no material financial or strategic impact. The zero CSR spending, absence of climate-related initiatives, and lack of independent BR audits may be viewed negatively by ESG-focused investors, but given the company's small size, these are unlikely to move the stock price.