Banaras Beads Limited has informed the Exchange regarding 'Reduction/change in capital due to forfeiture of 38700 partly paid shares, by board on 29.01.2026. '.
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Banaras Beads Limited has informed the stock exchange about a change in its share capital following the forfeiture of 38,700 partly paid-up shares by the board of directors on 29 January 2026. This forfeiture reduces the company's paid-up capital marginally. Partly paid shares are shares where investors did not pay the full amount, and forfeiture happens when the company takes back these shares due to non-payment of the remaining balance.
The impact on shareholders is minimal as the number of forfeited shares is small relative to typical capital structures. This is a routine corporate action and unlikely to materially affect the stock price or shareholder value.