NSEUpdates1d ago · 30 Oct 2026, 02:25 pm

Updates

Banaras Beads Limited · BANARBEADS

✦ AI SummaryRegulatory

Banaras Beads Limited has received a notice from Assistant Commissioner, Udhyog, Meerut, Uttar Pradesh regarding a claim of Rs. 26,24,373.42 from one of its suppliers, M/s Together Tech Private Limited. The company has stated that the claim has no basis in the MSMED Act or in any contract and is not entitled to any of the reliefs prayed for.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Banaras Beads Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Assistant Commissioner Udhyog, Meerut, UP notice No.382/2026 U/s 20 and 21 of Micro Small and Medium Enterprises Development ACT, 2006'.

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BANARBEADS_30102026142459_NoticeTogeth.pdf

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REF.: BBL/SECT/ October 30, 2026 The BSE Limited The National Stock Exchange Of (I) Ltd., Department of Corporate Services, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers Plot No. C/1, G-Block, Dalal Street, Mumbai – 400001 Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir, In terms of Regulation 30 read with Para A of Schedule III of the Listing Regulations, this is to inform you that the has received a notice from Assistant Commissioner, Udhyog, Meerut, Uttar Pradesh vide notice No.382/2026 U/s 20 and 21 of Micro, Small and Medium Enterprises Development ACT, 2006. One of the suppliers of the company M/s Together Tech Private Limited Ghaziabad Uttar Pradeesh has made a claim before Council /Assistant Commissioner, Udhyog, Meerut for Rs. 24,74,028.60 as principal non-payment of supplied goods value Rs. 1,00,344.82 as interest, future interest cost of legal notice Rs. 50000 and the total claim of Rs. 26,24,373.42. In said claim the Council has directed to make reply within 15 days from the date of receipt of notice. No other direction given by Council /Assistant Commissioner, Udhyog, Meerut. In this regard in terms of SEBI circular numbered SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023, details to be disclosed regarding the aforesaid claim/notice is annexed in Annexure I to this intimation. You are requested to take the above information on record. Thanking you, For BANARAS BEADS LIMITED (R.K. SINGH) COMPANY SECRETARY FCS-4071 Encl. As above Annexure I 1. Name of the authority Assistant Commissioner, Udhyog, Meerut, Uttar Pradesh 2. Nature and details of the Notice No.382/2026 U/s 20 and 21 of Micro, Small action(s) taken, initiated or and Medium Enterprises Development ACT, 2006. order(s) passed In the matter claim Petition under Section 18 of Misc. Case No. 382/2026 dated 21.10.2026, received on 29.10.2026. 3. Date of receipt of direction As per notice council has directed to submit reply or order, including any ad- within 15 days. interim or interim orders, or No other order/direction given. any other communication from the authority 4. Details of the One of the suppliers of the company M/s Together violation(s)/contravention(s) Tech Private Limited Ghaziabad Uttar Pradeesh committed or alleged to be has made a claim for Rs. 24,74,028.60 as principal non- committed payment of supplied goods value Rs. 1,00,344.82 as interest, future interest cost of legal notice Rs. 50000 and the total claim of Rs. 26,24,373.42. As per management the supplier has not supplied goods timely and complied other terms of purchase order of the company, due to which company was not able exports goods timely to Foreign Buyer and Foreign Buyer denied to give any further order said items to company in future. Thus notice and related correspondence has no basis in the MSMED Act or in any contract and is no part of any “amount due” under Section 17 of the MSMED Act. The Claimant is not entitled to any of the reliefs prayed for. 5. Impact on financial, Maximum Rs. 26,24,373.42, if the council allows full operation or other activities claim in this regard in future. of the listed entity, But it’s does not have any major financial operation quantifiable in monetary impact on company business. terms to the extent possible