Bonlon Industries received approval from the Bombay Stock Exchange (BSE) on October 1, 2026, to reclassify a key entity from its Promoter Group to the Public shareholder category. This regulatory clearance allows B.C. Power Controls Limited to be treated as a public shareholder in compliance 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 BSE issued a no-objection certificate via letter No. LIST/COMP/SJ/227/2026-27. 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 both the BSE and the National Stock Exchange of India Limited (NSE). The Managing Director, Arun Kumar Jain, signed the digital communication confirming the receipt of the approval letter.

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.