Bonlon Industries Limited has announced the successful completion of its postal ballot voting process, with results declared on April 24, 2026. The company disclosed the voting outcomes pursuant to Regulation 44(3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, demonstrating strong shareholder participation and approval.

Postal Ballot Resolution Details

The postal ballot focused on a single special resolution regarding board composition. The company sought shareholder approval for the appointment of Mr. Pranay Jain (DIN: 07151671) as an Independent Director for a period of five consecutive years.

Voting Process and Timeline

The e-voting process was conducted through National Securities Depository Limited as the service provider. The voting period extended from March 24, 2026, at 09:00 A.M. to April 22, 2026, at 5:00 P.M., with voting rights proportional to shareholding as recorded on March 13, 2026.

Comprehensive Voting Results

The resolution received overwhelming support from shareholders across all categories. Out of 6661 total shareholders on record date, the voting demonstrated strong participation and approval.

Scrutinizer Report and Validation

Sanjeev Dabas of Dabas S & Co., a practicing Company Secretary (Membership Number: 65138), served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed during the Board Meeting held on March 19, 2026, and submitted the final report on April 24, 2026.

The scrutinizer confirmed that 69 members voted in favor of the resolution with 8582152 total votes, while 10 members voted against with 831 votes. No invalid votes were recorded during the process. The e-voting results were unblocked on April 23, 2026, in the presence of witnesses Mr. Deepak Joshi and Mr. Vikas Bansal.

Resolution Outcome

Chairman Mr. Arun Kumar Jain (DIN: 00438324) declared the resolution as passed with the requisite majority. The appointment of Mr. Pranay Jain as Independent Director was deemed effective from the last date of voting, April 22, 2026. The resolution's approval with 99.99% votes in favor reflects strong shareholder confidence in the proposed board appointment and the company's governance structure.

Bonlon industries Limited has responded to an inquiry from BSE Limited regarding recent price movement in its stock, confirming full compliance with disclosure requirements under applicable regulations. The company submitted its clarification on April 17, 2026, following a notice from the exchange.

Company's Response to Exchange Inquiry

The clarification was submitted in response to BSE's notice number L/SURV/ONL/PV/SJ/2026-2027/3751 dated April 16, 2026. The company addressed concerns about potential undisclosed information that might have influenced its stock price movement.

Regulatory Compliance Statement

Bonlon Industries Limited emphasized its commitment to regulatory compliance, stating that it has timely intimated all events and information as required under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company also confirmed compliance with other applicable regulatory provisions.

Key aspects of the company's compliance statement include:

• Regular dissemination of all relevant information to stock exchanges
• Timely disclosure of material events and developments
• Adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• No withholding of material information from investors or exchanges

Management Declaration

The clarification was signed by Managing Director Arun Kumar Jain, who holds DIN 00438324. The company explicitly stated that there is no information that has been withheld and that it maintains regular communication with both BSE Limited and National Stock Exchange of India Limited regarding all material developments.

The response demonstrates the company's proactive approach to addressing exchange inquiries and maintaining transparency with stakeholders. Such clarifications are routine regulatory procedures when exchanges notice unusual price movements and seek confirmation from listed companies about potential undisclosed material information.