Banaras Beads Ltd purchases property for future expansion

BANARAS BEADS LIMITED has purchased property / Land having area 1680 Sq. Mtr. at Village Karnadandi, Varanasi amounting Rs. 6,76,85,731 from Varanasi Development Authority (VDA) through Bid. In this regard Company has taken loan from HDFC Bank, Varanasi by executing Loan deeds / agreement on 19.9.2025 amounting Rs.7,56,00,000 (for land Rs.5,28,90,000 and Rs.2,27,10,000 construction) for five years @7.75 interest per year. The HDFC bank has distributed Rs. 5,28,90,000. The company has made payment to VDA Rs. Rs. 6,76,85,731, but sale deed will be executed later on. The said property is nearby Company's other property and shall be used for the future expansion plan of the Company.

Shares of Banaras Beads Limited was last trading in BSE at Rs. 107.20 as compared to the previous close of Rs. 104.80. The total number of shares traded during the day was 3 in over 3 trades.

The stock hit an intraday high of Rs. 109.00 and intraday low of 107.20. The net turnover during the day was Rs. 323.00.

Source : Equity Bulls

Keywords

BanarasBeads INE655B01011 Property Acquisition FutureExpansion