Banaras Beads Limited has informed the Exchange regarding 'Company has executed purchase deed of property / Land having area 1670 Sq. Mtr. at Village Karnadandi, Varanasi on 29.09.2025 with Varanasi Development Authority (VDA) '.
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Awaiting price reaction for this filing.
Banaras Beads Limited has purchased a plot of land measuring 1,670 square meters at Village Karnadandi, Varanasi from the Varanasi Development Authority (VDA). The purchase deed was executed on 29.09.2025. The company has not disclosed the financial value of the transaction or the intended use of the land in this filing. Varanasi Development Authority is a government body responsible for urban development and land allocation in the region.
The acquisition suggests the company is expanding its asset base, possibly for future manufacturing capacity or operational expansion. However, without the transaction value, it is unclear whether this is a material investment for shareholders. Investors should await further disclosures on the cost and intended use of the land.