Bonlon Industries Limited has filed a disclosure under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, regarding an inter-se transfer of equity shares between promoter group entities. The transaction was completed on 31.03.2026 and involved the transfer of shares from Vinco Metals Private Limited to Bon Lon Private Limited.

Transaction Details

The inter-se transfer involved 11,016 equity shares being transferred from Vinco Metals Private Limited to Bon Lon Private Limited, both members of the promoter group. This transaction represents an internal restructuring within the promoter group without affecting the overall promoter shareholding in the company.

Post-Transfer Shareholding Structure

Following the completion of the inter-se transfer, the shareholding pattern of the involved entities has been updated. Bon Lon Private Limited now holds 1,08,040 equity shares, while Vinco Metals Private Limited's shareholding has been reduced to nil.

Current Promoter Group Holdings

The disclosure provides comprehensive details of the promoter group's shareholding structure after the inter-se transfer. The total promoter group holding remains unchanged at 1,16,66,286 equity shares, representing 71.21% of the total share capital, along with 75,00,000 warrants representing 28.58% of the total diluted share capital.

Company Capital Structure

Bonlon Industries Limited's equity share capital remains unchanged at Rs. 16,38,33,580, comprising 1,63,83,358 equity shares of Rs. 10 each. The total diluted share capital, assuming full conversion of warrants into equity shares, stands at Rs. 26,23,83,580, representing 2,62,38,358 equity shares of Rs. 10 each.

The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The disclosure was signed by Vibhor Jain, Director of Bon Lon Private Limited (DIN: 07928567), and filed with both stock exchanges as per regulatory requirements.

Bonlon Industries Limited has successfully completed the allotment of 22,00,000 equity shares through warrant conversion, as announced by the company's Board of Directors on March 30, 2026. The conversion process involved two promoter group entities and resulted in a capital infusion of Rs 5,44,50,000.

Warrant Conversion Details

The Board of Directors approved the allotment of 22,00,000 equity shares with a face value of Rs 10 each at an issue price of Rs 33 per share, including a premium of Rs 23 each. The conversion was executed upon receipt of the balance amount aggregating to Rs 5,44,50,000 at the rate of Rs 24.75 per warrant, representing 75% of the issue price per warrant.

Allottee Information

Two promoter group entities participated in the warrant conversion process. Bon-Lon Securities Ltd and Harshit Finvest Pvt Ltd each converted 11,00,000 warrants into an equal number of equity shares, with each entity contributing Rs 2,72,55,000 to the company.

Regulatory Disclosure and Shareholding Impact

Following the warrant conversion, Bon Lon Securities Limited filed a disclosure under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The promoter group's total shareholding increased significantly, with their combined voting rights rising to 71.21% post-acquisition.

Impact on Share Capital

Following the warrant conversion and equity share allotment, the company's issued and paid-up capital has increased to Rs 16,38,33,580, consisting of 1,63,83,358 equity shares of Rs 10 each. The newly allotted equity shares rank pari-passu with the existing equity shares of the company, providing equal rights and privileges to the holders.

Outstanding Warrants

The company disclosed that 75,00,000 warrants remain outstanding for conversion among various promoter group entities. These warrant holders are entitled to convert their warrants into an equal number of equity shares by paying the remaining 75% amount of Rs 24.75 per warrant within the stipulated timeframe. The total diluted share capital, assuming full conversion of all outstanding warrants, would be Rs 26,23,83,580 comprising 2,62,38,358 equity shares.

The Board meeting for this approval was conducted on March 30, 2026, commencing at 04:00 PM and concluding at 06:00 PM. The allotment was completed in accordance with SEBI (ICDR) Regulations, 2018, and the disclosure requirements under Regulation 30 of SEBI Listing Regulations.