Bonlon Industries Limited (BONLON)

Bonlon Industries announced the results of its 29th Annual General Meeting held on September 29, 2026. All seven resolutions—including adoption of financials, director remuneration, an increase in authorized share capital, and material related party transactions—were approved by shareholders with over 99.8% majority. Out of 6,337 shareholders, a total of 92,05,831 votes were polled across remote e-voting and e-voting at the AGM. The promoters abstained from voting on interested party resolutions regarding re-appointment, executive remuneration, and material related-party transactions.

• All 7 resolutions passed with requisite majority at the 29th AGM held on September 29, 2026
• Total shareholder count as on record date was 6,337, with 170 shareholders attending via VC
• Approval granted to increase authorized share capital and amend the capital clause of MOA
• Material Related Party Transactions approved with 99.8409% non-promoter public votes in favour

Bonlon Industries responded to an NSE clarification regarding the non-submission of consolidated financial results for the quarter ended June 30, 2026. The company stated that consolidated results were not applicable as it transferred 100% equity in its sole subsidiary, SHV Industries Private Limited, on May 30, 2026. The 100,000 shares were transferred to Mr. Arun Kumar Jain (99,998 shares) and Mrs. Smita Jain (2 shares) for a total consideration of ₹10,00,000. An independent Chartered Accountant certificate from Gaur & Associates was submitted confirming zero subsidiaries as of June 30, 2026.

• Sold 100,000 equity shares (100% stake) of wholly owned subsidiary SHV Industries on May 30, 2026
• Total consideration received was ₹10,00,000 cleared via cheques on June 24, 2026
• Shares transferred to Mr. Arun Kumar Jain (99,998 shares) and Mrs. Smita Jain (2 shares)
• Auditor certificate issued on September 12, 2026 confirming non-applicability of consolidated results for Q1 FY27

Bonlon Industries has secured in-principle approval from both BSE and NSE for its proposed rights issue aggregating up to ₹49.75 crore. The proposed issue will comprise fully paid-up equity shares of face value ₹10 each at an issue price and entitlement ratio yet to be finalized. For context, the planned issue size of ₹49.75 crore represents approximately 44.7% of its Jun 2026 quarterly revenue of ₹111.2 crore. Formal terms including the record date, issue ratio, and pricing will be determined upon finalization of the Letter of Offer.

• Received in-principle approval from BSE and NSE on September 24, 2026
• Proposed Rights Issue size aggregates up to ₹49.75 Crores
• Underlying shares have a face value of ₹10 each
• Issue price, premium, and rights entitlement ratio are to be finalized [●]

Bonlon Industries Limited has issued a notice informing shareholders of its upcoming 29th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, at 02:00 PM IST via video conferencing. The company confirmed that dispatch of the Annual Report for FY 2025-26 with relevant web links and QR codes commenced on September 05, 2026. This dispatch was directed to shareholders whose email addresses were not registered with the company or depositories. The announcement is procedural and reports no material operational changes.

• 29th Annual General Meeting scheduled for September 29, 2026 at 02:00 PM
• Meeting to be conducted via Video Conference (VC) or Other Audio Visual Means (OAVM)
• Dispatched letters with Annual Report FY 2025-26 access link to unregistered shareholders on September 05, 2026
• Company reported revenue of Rs 111.20 crore and net profit of Rs 1.75 crore in the June 2026 quarter

Bonlon Industries Limited has issued the notice for its 29th Annual General Meeting (AGM) to be held virtually on September 29, 2026. Key agenda items include the adoption of FY26 financial statements, approving an annual remuneration cap of up to ₹1.00 crore for Managing Director Arun Kumar Jain, and ₹50 lakh for Whole Time Director Rajat Jain. The company also seeks approval for related-party short-term working capital funding arrangements with promoter group entities. Remote e-voting runs from September 26 to September 28, 2026, with a cut-off date of September 23, 2026.

• 29th AGM scheduled for September 29, 2026, at 2:00 PM IST via video conferencing
• Remote e-voting window opens September 26, 2026 (9:00 AM) and closes September 28, 2026 (5:00 PM)
• Cut-off date for voting eligibility set as September 23, 2026; book closure from September 24 to September 29, 2026
• Special resolution proposed for Managing Director Arun Kumar Jain's remuneration up to ₹1.00 crore per annum
• Special resolution proposed for Whole Time Director Rajat Jain's remuneration up to ₹0.50 crore per annum

Bonlon Industries Limited held a board meeting on September 04, 2026, approving a proposal to increase its authorized share capital from ₹35 crore to ₹50 crore, divided into 5 crore equity shares of ₹10 each, subject to shareholder approval. The company has scheduled its 29th Annual General Meeting (AGM) for September 29, 2026, to be held via video conferencing. Additionally, the board approved the Directors' Report and noted the Cost Auditor's report for the financial year ended March 31, 2026.

• Proposed increase in authorized share capital from ₹35.00 crore to ₹50.00 crore
• Authorized equity shares to increase from 3.50 crore to 5.00 crore of face value ₹10 each
• 29th Annual General Meeting scheduled for September 29, 2026 at 02:00 PM
• Share transfer books and register of members closed from September 24 to September 29, 2026

Bonlon Industries Limited has cancelled its Rights Issue Committee meeting scheduled for August 20, 2026. The meeting was set to determine the record date, issue price, entitlement ratio, and other key terms for the proposed Rights Issue previously approved by the Board on August 14, 2026. The cancellation is due to the pending In-Principle Approval from the Stock Exchanges. The company confirmed it will schedule a fresh committee meeting once the regulatory approval is received.

• Rights Issue Committee meeting scheduled for August 20, 2026 stands cancelled.
• Meeting was intended to fix the issue price, entitlement ratio, and record date.
• Proposed Rights Issue was approved by the Board of Directors on August 14, 2026.
• Fresh meeting date to be notified after receiving Stock Exchange In-Principle Approval.

Bonlon Industries Limited has scheduled a meeting of its Rights Issue Committee on August 20, 2026, to determine the specific terms of its proposed Rights Issue. The Board had previously approved the issuance of equity shares of face value ₹10.00 each for an aggregate amount not exceeding ₹49.75 crore on August 14, 2026. The upcoming meeting will finalize key details including the issue price, rights entitlement ratio, record date, and issue schedule. Consequently, the trading window for designated persons has been closed from August 17, 2026, until 48 hours after the conclusion of the committee meeting.

• Rights Issue Committee meeting scheduled for August 20, 2026
• Proposed Rights Issue size capped at an amount not exceeding ₹49.75 crore (₹49,75,00,000)
• Equity shares to be offered at a face value of ₹10.00 each
• Committee to decide issue price, entitlement ratio, record date, and timing
• Trading window closed from August 17, 2026, until 48 hours post-meeting

Bonlon Industries Limited has submitted its quarterly Statement of Deviation under Regulation 32 for the quarter ended June 30, 2026. The company confirmed zero deviation or variation in the utilisation of Rs 3,978.15 lakh raised via preferential issue of fully convertible warrants allotted on October 9, 2025. As of the reporting date, Rs 1,085.56 lakh has been utilized for working capital (out of Rs 3,271.80 lakh modified allocation), Rs 313.93 lakh fully utilized for capex/refurbishment, and Rs 112.08 lakh for general corporate purposes. The statement was reviewed by the Audit Committee with nil remarks.

• Total funds raised via convertible warrants: Rs 3,978.15 lakh (Allotted on 09th October 2025)
• Reported nil deviation/variation in funds utilisation for the quarter ended 30th June 2026
• Working capital allocation utilized: Rs 1,085.56 lakh out of modified allocation of Rs 3,271.80 lakh
• Capex allocation of Rs 313.93 lakh has been 100% deployed towards asset development/refurbishment
• General corporate purpose funds deployed: Rs 112.08 lakh out of Rs 364.95 lakh modified allocation

Bonlon Industries Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending June 30, 2026. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during the quarter. This is because the entire shareholding of the company is already held in electronic (demat) form. This is a standard administrative filing with no impact on the company's financial or operational performance.

• Compliance certificate submitted for the quarter ended June 30, 2026
• 100% of the company's shares are confirmed to be in demat form
• Zero requests for rematerialization or dematerialization were received during the quarter
• Certificate issued by RTA Bigshare Services Private Limited on July 6, 2026

Bonlon Industries Limited has submitted an application to BSE India Limited on July 4, 2026, for the reclassification of B.C. Power Controls Limited. The entity is currently classified under the 'Promoter/Promoter Group' category and is seeking a shift to the 'Public' category. Notably, B.C. Power Controls Limited holds 0 shares (0%) in the company, making this a procedural cleanup of the promoter group structure.

• Application for reclassification submitted to BSE on July 4, 2026
• B.C. Power Controls Limited holds 0 shares in the company
• Proposed shift from 'Promoter/Promoter Group' to 'Public' category represents 0% of total equity
• The reclassification follows standard regulatory procedures under SEBI Listing Obligations

The Board of Bonlon Industries has approved a request from B.C. Power Controls Limited to be re-classified from the 'Promoter Group' to the 'Public' category. The entity currently holds 0.00% shareholding in the company and has no representation on the Board or any key managerial positions. This administrative change follows SEBI Regulation 31A and is subject to final approval from BSE and NSE. Since the entity holds less than 1% stake, no separate shareholder resolution is required for this process.

• B.C. Power Controls Limited holds 0.00% shareholding in the company as of July 2, 2026
• The formal request for re-classification was received by the company on June 26, 2026
• The Board meeting approving the request was held on July 2, 2026, between 04:00 P.M. and 06:00 P.M.
• The entity confirmed it has no special rights or management participation in the company

Bonlon Industries has received a formal request from B.C. Power Controls Limited to be re-classified from the 'Promoter Group' to the 'Public' category. The requesting entity currently holds 0 shares (0.00%) in Bonlon Industries and states it has no management control or influence over policy decisions. This request is made under Regulation 31A of SEBI LODR Regulations and is subject to Board and regulatory approvals. Since the entity holds no shares, this move does not impact the company's shareholding structure or market float.

• B.C. Power Controls Limited seeks re-classification from Promoter Group to Public category.
• The entity holds 0 shares, representing 0.00% of the total voting rights in the company.
• Rationale provided includes no involvement in day-to-day activities or control over the affairs of the company.
• The entity confirms compliance with all SEBI criteria, including not being a willful defaulter or fugitive economic offender.