Bonlon Industries Limited’s Board has approved the reclassification of B.C. Power Controls Limited from the promoter group to the public category. The decision was taken during a Board meeting held on July 2, 2026, at the company's registered office in Delhi. The entity currently holds 0.00% of the share capital and confirmed it does not exercise control over the company's affairs or participate in its management.

The approval is subject to the consent of shareholders and stock exchanges, including BSE Limited and National Stock Exchange Limited. The reclassification is pursued under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. B.C. Power Controls Limited confirmed compliance with the conditions specified in Regulation 31A (3)(b), which include not holding more than 10% of total voting rights and lacking special rights via shareholder agreements.

The Board was informed that the entity is not involved in the day-to-day operations of the company and holds no key managerial positions. Arun Kumar Jain, Managing Director, stated that the request was accepted based on the rationale provided and adherence to regulatory provisions. The company will effect the reclassification in the shareholding pattern filed under Regulation 31 of the Listing Regulations from the immediate succeeding quarter upon receiving necessary approvals.

Shareholding Details

The following table details the shareholding status of the entity seeking reclassification:

Bonlon Industries has secured in-principle approval from BSE Limited and National Stock Exchange of India Limited to list 22,00,000 equity shares allotted to its promoter group members. The shares, issued at a total price of ₹33 per equity share comprising a face value of ₹10 and a premium of ₹23, were allotted to Bon Lon Securities Limited and Harshit Finvest Private Limited. This listing follows the conversion of warrants issued on a preferential basis, with the shares bearing distinctive numbers from 14183359 to 16383358.

The approvals, referenced as LOD/PREF/RB/FIP/339/2026-27 from BSE and NSE/LIST/54676 from NSE, were both granted on June 08, 2026. The exchanges stated that the shares would be listed and admitted to dealings upon receipt of confirmation from depositories NSDL and CDSL regarding the credit of beneficiaries' accounts. BSE specified that trading approval is contingent upon the company filing the listing approval from the other exchange and necessary confirmation letters from the depositories.

BSE further instructed the company to ensure compliance with Regulation 167 of the SEBI (ICDR) Regulations. In the event of a change exceeding two per cent of the total paid-up share capital, the company must file the shareholding pattern in XBRL mode as required under Regulations 31(1)(c) of SEBI LODR Regulations, 2015. The exchange also highlighted the requirement to apply for trading approval within seven working days from the date of the listing approval to avoid penalties under the specified SEBI circular dated June 21, 2023.

Details of the Allotment