Description
BSE notifies trading members that Banaras Beads Ltd has forfeited 38,700 partly paid-up equity shares of Rs. 10 each due to non-payment of allotment/call monies.
Summary
BSE has notified trading members that Banaras Beads Ltd. (Scrip Code: 526849) has forfeited 38,700 equity shares of Rs. 10/- each. These shares were partly paid-up and were forfeited due to non-payment of allotment/call monies by the respective shareholders.
Key Points
- Banaras Beads Ltd. (Scrip Code: 526849) has forfeited 38,700 equity shares of Rs. 10/- each.
- Shares were partly paid-up and forfeited due to non-payment of allotment/call monies.
- Distinctive numbers of the forfeited shares are provided in Annexure-A of the notice.
- Notice issued by BSE’s Listing Operations Department.
Regulatory Changes
No regulatory changes. This is an informational notice to trading members regarding a corporate action by Banaras Beads Ltd.
Compliance Requirements
Trading members are informed for their records and to update their systems accordingly. No specific compliance action is required from trading members beyond taking note of the forfeiture and the associated distinctive share numbers in Annexure-A.
Important Dates
- Notice Date: 05 May 2026
- Notice No.: 20260505-27
Impact Assessment
The forfeiture of 38,700 partly paid-up equity shares is a routine corporate action with minimal market impact. The affected shares were non-performing (unpaid calls/allotment money), and their forfeiture marginally reduces the outstanding partly paid share capital of Banaras Beads Ltd. No significant impact on share price or trading activity is expected.
Impact Justification
Routine forfeiture notice affecting a small number of partly paid-up shares (38,700) of a single company due to non-payment; limited broader market impact.