Acquisitions1 Oct 2025, 12:20 pm
Banaras Beads Ltd Acquires Land in Varanasi for Future Expansion
AI Summary
Banaras Beads Ltd has executed a purchase deed for a property/land having an area of 1670 Sq.Mtr. at Village Karnadandi, Varanasi on 29.09.2025. The company has taken a loan of Rs.7,56,00,000 from HDFC Bank, Varanasi for five years @7.75 interest per year for the land and construction. The purchased property is nearby the company’s other property and will be used for the future expansion plan of the company.
Key Highlights
- Banaras Beads Ltd has acquired a property/land of 1670 Sq.Mtr. at Village Karnadandi, Varanasi.
- The company has taken a loan of Rs.7,56,00,000 from HDFC Bank for the land and construction.
- The purchased property is nearby the company’s other property.
- The land will be used for the future expansion plan of the company.
- The purchase deed was executed on 29.09.2025 and received on 01.10.2025 from the Registrar Office, Varanasi.