Banaras Beads Limited, a well-known exporter of handcrafted beads and glass products based in Varanasi, has been honoured with the State Export Award Uttar Pradesh 2024-25 for its outstanding export performance.

The company received the second prize in the category of glass and ceramic products, recognising its contribution to the export sector and its role in promoting Indian handicrafts in global markets.

The recognition was announced through a regulatory disclosure made by the company to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Recognition for Export Excellence

The State Export Award Uttar Pradesh 2024-25 was conferred by the MSME and Export Promotion Department of the Government of Uttar Pradesh through the MSME / Exports Promotion Council Uttar Pradesh.

The award acknowledges companies that demonstrate exceptional export performance and contribute significantly to the state’s export growth.

Banaras Beads Limited secured the second prize in the glass and ceramic products category, highlighting the company’s consistent presence in international markets and its ability to maintain high export standards.

Export awards such as these aim to encourage businesses to expand their global trade footprint while strengthening India’s export competitiveness.

Award Presented by Uttar Pradesh Government

The award ceremony took place on March 10, 2026, where Shri Alok Kumar, Principal Secretary of MSME and Export Promotion Department, Government of Uttar Pradesh, presented the honour.

The recognition was formally awarded to Banaras Beads Limited, Varanasi, acknowledging its contribution to export performance during the 2024-25 financial year.

The award citation specifically highlighted the company’s outstanding export achievements in glass and ceramic products.

Government officials often present such awards to encourage industries to improve export quality, innovation, and international market reach.

Award Received by the Company’s Leadership

The award was received on behalf of the company by Shri Ashok Kumar Gupta, Chairman and Managing Director of Banaras Beads Limited.

Receiving the award at the state level reflects the company’s long-standing role in promoting Varanasi’s traditional craftsmanship and handcrafted products in global markets.

Under the leadership of its management, the company has continued to expand its export footprint across multiple international markets.

Recognition at the state level also highlights the importance of MSME-led exporters in driving India’s handicraft exports.

Importance of the Glass and Ceramic Export Sector

The glass and ceramic handicraft industry plays an important role in India’s export ecosystem, particularly in regions known for traditional craftsmanship.

Products such as:

• Decorative beads

• Glass handicrafts

• Ceramic ornaments

• Jewelry components

are widely exported to global markets including the United States, Europe, and Asia.

Companies like Banaras Beads contribute to this sector by combining traditional craftsmanship with modern export standards and global design trends.

The sector also supports local artisans and skilled craftsmen, creating employment and preserving cultural heritage.

Banaras Beads and Varanasi’s Handicraft Legacy

Varanasi, where Banaras Beads Limited is headquartered, has long been recognised as a major centre for handicrafts, textiles, and bead-making traditions.

The city’s artisans have historically produced:

• Handmade beads

• Glass jewelry components

• Decorative handicrafts

which are exported worldwide.

Banaras Beads Limited has played a significant role in organising and scaling these traditional craft industries for international markets.

The company has developed manufacturing and export capabilities that allow it to serve global buyers while maintaining the authenticity of handcrafted products.

Regulatory Disclosure to Stock Exchanges

The company informed the stock exchanges about the award through an official communication dated March 11, 2026.

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, which requires listed companies to inform exchanges about significant developments, recognitions, or corporate events that may be of interest to investors.

The company also noted that the information has been made available on its official website for public access.

Such disclosures help maintain transparency and corporate communication with shareholders and stakeholders.

Role of MSME and Export Promotion Council

The MSME and Export Promotion Council of Uttar Pradesh plays a crucial role in supporting exporters from the state.

Its responsibilities include:

• Promoting exports from small and medium enterprises

• Providing guidance on international trade opportunities

• Encouraging innovation and quality improvements in export products

The State Export Awards are part of the council’s initiative to recognise exporters who contribute significantly to the state’s economic growth and global trade presence.

These awards also help highlight successful exporters that represent the strength of local industries on international platforms.

Impact of Export Recognition

Recognition through state export awards offers several advantages to companies.

These include:

• Enhanced reputation in international markets

• Stronger credibility with global buyers

• Motivation for continued innovation and quality improvement

Awards also help companies showcase their achievements in marketing and branding efforts, which can strengthen their export business.

For Banaras Beads Limited, the award reinforces its position as one of the prominent exporters in the glass and ceramic handicraft segment.

About Banaras Beads Limited

Banaras Beads Limited is a well-established Indian exporter specialising in handcrafted beads, glass products, and fashion accessories.

The company’s product range includes:

• Glass beads

• Ceramic beads

• Fashion jewelry components

• Handmade craft items

Its products are widely exported to several international markets, where they are used in jewelry design, fashion accessories, and decorative crafts.

The company has built a reputation for maintaining high quality standards while supporting traditional craft communities.

Conclusion

The State Export Award Uttar Pradesh 2024-25 awarded to Banaras Beads Limited highlights the company’s strong performance in the global export market for glass and ceramic products.

Receiving the second prize in this category reflects the company’s commitment to quality, craftsmanship, and international trade growth.

With continued support from export promotion initiatives and strong global demand for handcrafted products, companies like Banaras Beads are expected to play an important role in expanding India’s handicraft exports and supporting artisan communities.

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