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Banaras Beads Ltd.

BSE: 526849 Sector: Industrials
NSE: BANARBEADS ISIN Code: INE655B01011
BSE 15:06 | 21 Feb 65.00 -0.40
(-0.61%)
OPEN

64.50

HIGH

67.00

LOW

64.50

NSE 15:31 | 21 Feb 65.10 2.70
(4.33%)
OPEN

63.00

HIGH

65.50

LOW

61.65

OPEN 64.50
PREVIOUS CLOSE 65.40
VOLUME 276
52-Week high 108.00
52-Week low 50.00
P/E 27.54
Mkt Cap.(Rs cr) 43
Buy Price 65.00
Buy Qty 77.00
Sell Price 65.85
Sell Qty 25.00
OPEN 64.50
CLOSE 65.40
VOLUME 276
52-Week high 108.00
52-Week low 50.00
P/E 27.54
Mkt Cap.(Rs cr) 43
Buy Price 65.00
Buy Qty 77.00
Sell Price 65.85
Sell Qty 25.00

Banaras Beads Ltd. (BANARBEADS) - Chairman Speech

Company chairman speech

Dear Shareholders

I t is my privilege to report the Annual results for the F.Y. 2015-2010.

During the year total turnover of your Company increased marginally though Managementhad expected much more to be achieved. The Export has 1nereasedt by approx 20% despitedecline in global demand of handmade beads recession in fluctuation in foreign currencyand dumping by China. We hope for betterment in next year.

During the year the shares of your company were being traded in BSE and NSE between Rs.247- to Rs. 657- against book value of around Rs. 63.567-. The board had paid interimdividend of Rs. 2.50/- per shares for this financial year but looking to the scenario didnot recommend any final dividend.

We are still in process to get Government Support for establishing Cluster Scheme inVaranasi t o develop infrastructure skill and technology in Glass Beads manufacturing.The project has been appraised by SIDBI and final approval from government is awaited.

I wan t to record my appreciation for co-operation and support provided by thedirectors auditors internal auditor buyers suppliers bankers artisans employees andassociates of the company in every field of your Company's activities.

With best wishes to all.

Ashok Kumar Gupta

Chairman & Managing Director