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Banaras Beads Ltd. Company History and Annual Growth Details

YEAR EVENTS
1980 - The Company was incorporated as a Private Limited Company on the
10th April 1980. It was converted into a Public Limited Company
on 26th October 1994. The Company manufactures glass beads,
imitation jewellery gold and silver jewelleries handicrafts. It
was promoted by Ajit Kumar Gupta & Ray Kumar Gupta.

1994 - The company undertook to expand cum modernise its existing
facilities for manufacture of glass beads, imitation jewellery,
handicrafts and woollen products.

- It was proposed to automate the existing designs department with
state of the art computer aided design systems including multi
colour plotters and scanners related software.

- It was proposed to instal an on-line computer system and
state-of-the-art communication network for effective monitoring
of the company's various units and products. The company
undertook to set up a project at NOIDA in UP for gold and
jewellery.

1995 - 61,15,440 No. of equity shares issued to promoters. Another
5,31,000 No. of equity shares issued. 22,16,000 No. of equity
shares of Rs 10 each were issued at a premium of Rs 75 per share
to the public through a prospectus in February. Additional 7,900
shares were allotted.

2000 - Mr Tanmani Deva as appointed as Director of the company.

2003

-The Hon'ble Company Law Board issued Order and appointed M/s R.S.Ahuja & Co. Chartered Accountants, New Delhi as Valuer for division of the company.
 
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