Banaras Beads Limited — Others, 31-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Banaras Beads Limited has announced a board meeting to discuss the Statement of Deviation and Variation for the quarter ended December 31, 2024, which was reviewed by the Audit Committee. Notably, the report indicates that no funds have been raised since 1995, and there are no deviations or variations in the use of previously raised funds, as all allocations remain unchanged. This underscores the company’s consistent approach to fund management. For investors, the lack of new capital raising could imply a conservative operational strategy, possibly influencing sentiment towards stability, but also highlighting a potential risk in future growth funding.