Bonlon Industries received approval from the National Stock Exchange (NSE) on October 1, 2026, to reclassify B.C. Power Controls Limited from its Promoter Group to the Public shareholder category. This regulatory clearance aligns with SEBI listing norms.

The approval was granted under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had initially submitted its application for this reclassification on July 4, 2026.

Regulatory Clearance Details

The NSE issued a no-objection certificate via letter No. NSE/LIST/COMP/BONLON/609/2026-2027. This decision confirms that the exchange has reviewed the submission and found it compliant with the relevant provisions of the SEBI LODR regulations regarding promoter group definitions and disclosures.

Compliance Requirements

Following this approval, Bonlon Industries is required to ensure ongoing compliance with all subsequent material event disclosures related to this reclassification. The entity must adhere to the applicable provisions of Regulation 31A as stipulated by the stock exchanges and depositories.

The intimation was formally communicated to the NSE, with a copy forwarded to the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). The Managing Director, Arun Kumar Jain, signed the digital communication confirming the receipt of the approval letter.

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.