Banaras Beads logo

Banaras Beads CEO, chairman, board of directors and AGM

NSE: BANARBEADSBSE: 526849Consumer DurablesSmall Cap

Banaras Beads Limited · Face value ₹10 · Listed Apr 1995 on BSE, Jul 1995 on NSE
Last close ₹109.97down ₹1.70 (1.52%)BSE ₹110.00

Share price at the NSE close on 30 Oct 2026. Previous close ₹111.67.

30 Oct: open ₹114.95, high ₹118.25, low ₹109.10

52-week range of traded prices to 30 Oct 2026
₹96.05Low, 10 Jun 2026₹164.70High, 30 Oct 2025
Market cap
₹73 Cr3,117th largest listed
P/E
25.46
P/B
1.22
Dividend yield
Nonein the last 12 months
ROE
4.9%
ROCE
5.6%
Debt to equity
0.36
Volume, NSE
5,52154.7% delivered

Banaras Beads' chairperson and managing director is ASHOK KUMAR GUPTA and its managing director and CEO SIDDHARTH GUPTA, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 30 Jul 2026.

Banaras Beads board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorASHOK KUMAR GUPTARelated to the promoter
  • Managing director and CEOSIDDHARTH GUPTA
  • Company Secretary and Compliance OfficerRamesh Kuamr Singh

6 directors3 independent2 executive1 non-executive

  • ASHOK KUMAR GUPTA · Chairperson and managing directorExecutive · joined Apr 1980 · reappointed Apr 2024 · 60 months as independent · 1 listed board · 2 committee seats
  • SIDDHARTH GUPTA · Managing director and CEOExecutive · joined Feb 2014 · reappointed Feb 2024 · 60 months as independent · 1 listed board · 1 committee seat, 1 as chair
  • SUSHIL KUMAR KANDOI · Shareholder DirectorIndependent · joined Jan 2020 · reappointed Jan 2025 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • ANIL KUMAR GUPTA · Shareholder DirectorIndependent · joined Jan 2020 · reappointed Jan 2025 · 60 months as independent · 1 listed board · 1 as independent · 4 committee seats, 1 as chair
  • MANAN KUMAR SAH · Shareholder DirectorIndependent · joined Jan 2020 · reappointed Jan 2025 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • JAYANTI MATHURNon-executive · joined May 2025 · reappointed May 2025 · 60 months as independent · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • SHALINI CHANDRA, left 29 May 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Jul 20266 of 6 present3 independent · 55 days in between
    • 28 May 20266 of 6 present3 independent

  • Audit Committee

    Chair SUSHIL KUMAR KANDOI

    ANIL KUMAR GUPTA, MANAN KUMAR SAH

    • 21 Jul 20263 of 3 present3 independent · 56 days in between
    • 25 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair MANAN KUMAR SAH

    SUSHIL KUMAR KANDOI, ANIL KUMAR GUPTA

    • 22 Jul 20263 of 3 present3 independent · 57 days in between
    • 25 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair ANIL KUMAR GUPTA

    ASHOK KUMAR GUPTA, SUSHIL KUMAR KANDOI, MANAN KUMAR SAH

    • 22 Jul 20264 of 4 present3 independent · 55 days in between
    • 27 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair SIDDHARTH GUPTA

    ASHOK KUMAR GUPTA, SUSHIL KUMAR KANDOI, ANIL KUMAR GUPTA

    • 21 Jul 20264 of 4 present2 independent · 54 days in between
    • 27 May 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair SUSHIL KUMAR KANDOI

    ANIL KUMAR GUPTA, MANAN KUMAR SAH, ASHOK KUMAR GUPTA, JAYANTI MATHUR

    • 21 Jul 20265 of 5 present3 independent · 54 days in between
    • 27 May 20265 of 5 present3 independent

  • INDEPENDENT DIRECTOR

    Chair ANIL KUMAR GUPTA

    SUSHIL KUMAR KANDOI, MANAN KUMAR SAH

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s G D Dubey & AssociatesPeer-review certificate valid to Dec 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Banaras Beads AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Banaras Beads dividend history

Annual general meeting, 30 Jul 2026

5,969 shareholders on the register on 23 Jul 2026; present: 5 promoters and 62 others; votes counted by AJAY JAISWAL / AJAY JAISWAL & CO..The company's voting result

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2026 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.00% · promoters 87.75% · institutions 14.78% · other public 100.00%

  2. Re-appointment of Shri Ashok Kumar Gupta (DIN: 0001661) as a director liable to retire by offers himself for re-appointment as director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 56.56% · promoters 64.79% · institutions 14.78% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 5 resolutions

7,055 shareholders on the register on 31 Jul 2025; present: 5 promoters and 66 others; votes counted by AJAY JAISWAL / AJAY JAISWAL & CO..The company's voting result

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2025 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

  2. Re-appointment of Shri Siddharth Gupta (DIN: 00342369) as a director liable to retire by offers himself for re-appointment as director
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 56.16% · promoters 69.58% · institutions 3.94% · other public 100.00%

  3. Confirm the payment of Interim Dividends @ Rs. 2.25/- per Equity Share declared by board on 30th January, 2025 for the financial year 2024-25
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

  4. Appointment of Mrs. Jayanti Mathur (DIN 11111303) as Non-Executive Director (Women).
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.54% · other public 0.00%

    Turnout: all 66.67% · promoters 87.75% · institutions 3.73% · other public 100.00%

  5. To appoint Mr. Ajay Jaiswal Proprietor M/s Ajay Jaiswal & Co., Company Secretaries as a Secretarial Auditor for a period of 5 years.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 7 Aug 2025, 5 resolutions

7,055 shareholders on the register on 31 Jul 2025; present: 5 promoters and 66 others; votes counted by AJAY JAISWAL / AJAY JAISWAL & CO..The company's voting result

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2025 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

  2. Re-appointment of Shri Siddharth Gupta (DIN: 00342369) as a director liable to retire by offers himself for re-appointment as director
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 56.16% · promoters 69.58% · institutions 3.94% · other public 100.00%

  3. Confirm the payment of Interim Dividends @ Rs. 2.25/- per Equity Share declared by board on 30th January, 2025 for the financial year 2024-25
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

  4. Appointment of Mrs. Jayanti Mathur (DIN 11111303) as Non-Executive Director (Women).
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

  5. To appoint Mr. Ajay Jaiswal Proprietor M/s Ajay Jaiswal & Co., Company Secretaries as a Secretarial Auditor for a period of 5 years.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 1.46% · other public 0.00%

    Turnout: all 66.72% · promoters 87.75% · institutions 3.94% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Aug 2024, 9 resolutions

Present: 5 promoters and 74 others.

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2024 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  2. Reappoint a director in place of Shri Ashok Kumar Gupta (DIN: 00016661), who retires by rotation and being eligible, offers himself for re-appointment as director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  3. Confirm the payment of Interim Dividends @ Rs. 2/- per Equity Share declared by board on 31st January, 2024 for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  4. Re- appoint Mrs. Shalini Chandra (DIN NO. 01036394) AS Executive Director of the Company for a further period of one year, w.e.f. 28th February’ 2025 of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  5. Re-appoint Shri Ashok Kumar Gupta (din 00016661) as Managing Director of the Company for a further period of 5 (five) years effective from April 1, 2024 to March 31, 2029 of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 53.31% · promoters 64.78% · institutions 0.86% · other public 100.00%

  6. Re-appoint Shri Siddharth Gupta (DIN 00342369) as CEO & Managing Director of the Company for a further period of 5 (five) years effective from February 1, 2024 to January 31, 2029 of the company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 56.10% · promoters 69.58% · institutions 0.86% · other public 100.00%

  7. Re- appoint CA Sushil Kumar Kandoi (DINNo.08664771) as Independent Director of the Company to hold office for the second consecutive term of five years, i.e., from January 17, 2025 to January 16, 2030 of the company.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  8. Re-appoint Mr. Anil Kumar Gupta (DIN No. 00895938) as Independent Director of the Company to hold office for the second consecutive term of five years, i.e., from January 17, 2025 to January 16, 2030 of the company.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

  9. Re-appoint Mr. Manan Kumar Sah (DIN No. 00702864) as Independent Director of the Company to hold office for the second consecutive term of five years, i.e., from January 17, 2025 to January 16, 2030 of the company.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.66% · promoters 87.75% · institutions 0.86% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Jul 2023, 4 resolutions

Present: 5 promoters and 77 others.

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2023 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 48.83% · other public 0.00%

    Turnout: all 67.61% · promoters 87.75% · institutions 1.69% · other public 100.00%

  2. Reappoint a director in place of Smt. Shalini Chandra (DIN: 01036394), who retires by rotation and being eligible, offers himself for re-appointment as director
    Ordinary
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 48.83% · other public 0.00%

    Turnout: all 67.61% · promoters 87.75% · institutions 1.69% · other public 100.00%

  3. Confirm the payment of Interim Dividends @ Rs. 2/- per Equity Share declared by board on 16th January, 2023 for the financial year 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.00%

    Turnout: all 67.61% · promoters 87.75% · institutions 1.69% · other public 100.00%

  4. Change in designation from “General Manager-Marketing” to “Vice President” and increase salary from Rs. 180000 to Rs. 195000/- w.e.f. 14.07.2023 of Smt. Shivani Gupta of the company
    OrdinaryPromoters have an interest in it
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 48.83% · other public 0.00%

    Turnout: all 67.61% · promoters 87.75% · institutions 1.69% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Aug 2022, 5 resolutions

Present: 5 promoters and 72 others.

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2022 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 51.20% · other public 0.00%

    Turnout: all 67.26% · promoters 87.68% · institutions 1.66% · other public 100.00%

  2. Reappoint a director in place of Shri Siddharth Gupta (DIN: 00342369), who retires by rotation and being eligible, offers himself for re-appointment as director.
    OrdinaryPromoters have an interest in it
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 51.20% · other public 0.00%

    Turnout: all 67.26% · promoters 87.68% · institutions 1.66% · other public 100.00%

  3. Confirm the payment of Interim Dividends @ Rs. 2/- per Equity Share declared by board on 28th October, 2021 for the financial year 2021-22.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.26% · promoters 87.68% · institutions 1.66% · other public 100.00%

  4. Re-appoint Statutory Auditors for five years
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 51.20% · other public 0.00%

    Turnout: all 67.26% · promoters 87.68% · institutions 1.66% · other public 100.00%

  5. Alteration of the object clause of the Memorandum of Association of the Company
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 51.40% · other public 0.00%

    Turnout: all 67.26% · promoters 87.68% · institutions 1.66% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jul 2021, 4 resolutions

Present: 3 promoters and 74 others.

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2021 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.20% · promoters 87.68% · institutions 9.11% · other public 100.00%

  2. Reappoint a director in place of Shri Ashok Kumar Gupta (DIN: 00016661), who retires by rotation and being eligible, offers himself for re-appointment as director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.63% · promoters 46.89% · institutions 9.11% · other public 100.00%

  3. Approval of increment in remuneration of Mr. Siddharth Gupta, CEO & Managing Director of the company w.e.f. 27th July, 2021.¿
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.00%

    Turnout: all 45.62% · promoters 46.89% · institutions 9.08% · other public 100.00%

  4. Approval of appointment of Mrs. Shivani Gupta, holding office or place of profit, as General Manager-Marketing of the Company w.e.f. 1st August, 2021.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.00%

    Turnout: all 45.62% · promoters 46.89% · institutions 9.08% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Sep 2020, 6 resolutions

Present: 5 promoters and 77 others.

  1. Receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2020 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

  2. Reappoint a director in place of Smt. Shalini Chandra (DIN: 01036394), who retires by rotation and being eligible, offers herself for re-appointment as director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

  3. Re- appointment of Mrs. Shalini Chandra (din no. 01036394) as executive director for a period of five years w.e.f. 29th February, 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

  4. Appointment of CA Sushil Kumar Kandoi (DIN No. 08664771) as independent director of the company for a period of five years w.e.f. 17th January, 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

  5. Appointment of Mr. Anil Kumar Gupta (Din No. 00895938) as independent director of the company for a period of five years w.e.f. 17th January, 2020.
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 12.44% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

  6. Appointment of Mr. Manan Kumar Sah (Din No. 00702864) as independent director of the company for a period of five years w.e.f. 17th January, 2020
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 12.44% · other public 0.00%

    Turnout: all 68.03% · promoters 87.68% · institutions 4.61% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldNILSince 30 Sep 2026

    0.00% bought in the quarter; holding 0.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
00Dec 2400Mar 2500Jun 2500Sep 2544Dec 2500Mar 2600Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Public IssuesFeb 19950.00––NoAudit committee: NO FUND RAISING SINCE 1995Auditors: NO FUND RAISING SINCE 1995
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.