Bonlon Industries Limited scheduled a Rights Issue Committee meeting for Thursday, October 22, 2026, to finalize the price and other key terms of its proposed equity offering.

The company plans to raise up to ₹49.75 crore through a rights issue of fully paid-up equity shares with a face value of ₹10 each. This capital raise was previously approved by the Board of Directors in a meeting held on August 14, 2026.

Key meeting agenda

The Rights Issue Committee will determine several critical parameters essential for executing the offering. The agenda includes:

• Determination of the rights issue price and related payment mechanisms.
• Finalization of the rights entitlement ratio for eligible shareholders.
• Setting the record date to identify eligible participants.
• Deciding the timing and other specific terms and conditions of the issue.

Trading window closure

In compliance with the Code of Conduct for Prevention of Insider Trading, Bonlon Industries announced that the trading window for its equity shares is closed effective Friday, October 16, 2026. The window will remain shut until 48 hours after the conclusion of the committee meeting on October 22, 2026.

What the Numbers Show

The proposed raise of ₹49.75 crore represents a significant capital infusion relative to the company's operational scale as a manufacturer and exporter of cables and wires. The decision to proceed follows an in-principle approval from the stock exchanges, indicating regulatory readiness for the dilutive event. The specific dilution impact for existing shareholders will become clear only after the entitlement ratio and issue price are fixed in the upcoming meeting.

Bonlon Industries held its 29th Annual General Meeting (AGM) on September 29, 2026, through video conferencing. The company subsequently declared the voting results on October 1, 2026, confirming that all ordinary and special resolutions were passed with requisite majority.

The meeting addressed the adoption of financial statements for FY26 and several special business items concerning director remuneration and capital structure. 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.

Voting Results Overview

The scrutinizer's report confirmed that all seven agenda items were approved by the shareholders. The total number of shares held by promoters and promoter group stood at 11,666,286, while public non-institutional shareholders held 4,717,072 shares. A total of 170 members attended the meeting through video conferencing.

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 was declared within the stipulated time and placed on the company website and NSDL.