Bonlon Industries held its 29th Annual General Meeting (AGM) on September 29, 2026, through video conferencing and other audio-visual means. The meeting addressed the adoption of financial statements for FY26 and several special business items concerning director remuneration and capital structure.

The AGM commenced at 2:00 pm and concluded at 2:45 pm. Mr. Rajat Jain served as the Chairman of the meeting. The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was available to shareholders from September 26, 2026, to September 28, 2026.

Ordinary Business Resolutions

The shareholders considered the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. These included reports from the Board of Directors and Auditors. Additionally, the meeting resolved to re-appoint Mr. Arun Kumar Jain as a Director, as he retired by rotation and offered himself for re-appointment.

Special Business Items

The agenda for special business included approvals related to executive compensation and corporate capital adjustments. The specific resolutions were:

• Approval of remuneration for Mr. Arun Kumar Jain.
• Approval of remuneration for Mr. Rajat Jain.
• Increase in authorized share capital with consequent amendments to the memorandum of association.
• Approval of material related party transactions.
• Ratification of the cost auditors' remuneration.

Governance and Attendance

The meeting was attended by key board members and statutory auditors. The panelists present included:

Mr. Naveen Kumar, Company Secretary, confirmed that all statutory registers were available for electronic inspection by members during the meeting. The scrutinizer's report on voting results is expected to be declared within the stipulated time and placed on the company website and NSDL.

Bonlon Industries Ltd has secured in-principle approval from both BSE Limited and the National Stock Exchange of India (NSE) for its proposed rights issue. The capital raise is estimated at ₹49.75 crore through the issuance of fully paid-up equity shares with a face value of ₹10 each.

The approvals were granted on September 24, 2026, following the company's application dated August 17, 2026. The exchanges have permitted Bonlon Industries to use their names in the Letter of Offer for the rights issue, subject to strict compliance with regulatory disclaimers and listing formalities.

Terms of the proposed rights issue

The company plans to issue equity shares to eligible shareholders on a rights basis. While specific ratios and prices remain to be finalized in the offer document, the aggregate size of the issue is capped at ₹49.75 crore. The shares will be issued at a price including a premium over the face value.

Regulatory conditions and compliance

Both exchanges have stipulated that the in-principle approval is subject to the company fulfilling several post-issue requirements. Bonlon Industries must file the listing application promptly after allotment and ensure receipt of all statutory approvals from authorities such as SEBI, RBI, and MCA.

Key conditions include:

• Compliance with all guidelines under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Adherence to the Companies Act, 2013, particularly regarding related party transactions and investments.
• Procurement of a certificate from the Secretarial Auditor confirming Overseas Direct Investment (ODI) compliance before filing the listing application.
• Confirmation that the Letter of Offer and composite application form have been posted to enable trading in renunciation letters.

Disclaimer obligations

The exchanges emphasized that their permission does not constitute an endorsement of the correctness or completeness of the contents of the Letter of Offer. Investors are advised to conduct independent inquiry and analysis. The company must print specific disclaimer clauses provided by BSE and NSE in all advertisements and the offer document itself.

Bonlon Industries is responsible for all disclosures made in the offer documents. Any non-disclosure, suppression, or misstatement of information will be the sole responsibility of the company. The exchanges reserve the right to withdraw approval if submitted information is found to be incomplete, incorrect, or misleading.