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Banaras Beads Ltd.

BSE: 526849 Sector: Industrials
NSE: BANARBEADS ISIN Code: INE655B01011
BSE 00:00 | 27 Nov 52.70 -0.05
(-0.09%)
OPEN

53.00

HIGH

54.80

LOW

52.45

NSE 00:00 | 27 Nov 52.95 0.10
(0.19%)
OPEN

53.85

HIGH

53.95

LOW

52.50

OPEN 53.00
PREVIOUS CLOSE 52.75
VOLUME 12163
52-Week high 70.55
52-Week low 25.55
P/E 13.51
Mkt Cap.(Rs cr) 35
Buy Price 52.40
Buy Qty 1.00
Sell Price 56.00
Sell Qty 140.00
OPEN 53.00
CLOSE 52.75
VOLUME 12163
52-Week high 70.55
52-Week low 25.55
P/E 13.51
Mkt Cap.(Rs cr) 35
Buy Price 52.40
Buy Qty 1.00
Sell Price 56.00
Sell Qty 140.00

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

.