Bonlon Industries Limited has notified stock exchanges about receiving a significant order from the GST department, triggering regulatory disclosure requirements under SEBI regulations. The cable and wire manufacturer received the order on March 25, 2026, and has outlined its response strategy to address the matter.

GST Department Order Details

The company received an order from the Deputy Commissioner, Goods and Service Tax Department, Bhiwadi, Rajasthan, under section 74 of the GST Act. The order covers the period from April 2019 to March 2020, representing a demand notice for tax and penalty obligations during that timeframe.

Company's Response Strategy

Bonlon Industries has expressed confidence in its position regarding the GST matter. The company stated it believes it has a strong case on merit and will be filing an appeal against the order before the appropriate authority. Management has indicated no expected financial impact from the proceedings, demonstrating confidence in their defense strategy.

The company has committed to providing prompt updates to stock exchanges regarding any material developments in this matter as the appeal process progresses.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, read with Schedule III of the SEBI Listing Regulations. The company has also treated this information as price sensitive under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The matter represents a routine regulatory challenge that the company appears prepared to address through established legal channels, with management expressing confidence in achieving a favorable outcome through the appellate process.

Bonlon Industries Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Pranay Jain as an Independent Director. The notice, dated March 19, 2026, was sent to shareholders on March 23, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Director Appointment

The company seeks approval for appointing Mr. Pranay Jain (DIN: 07151671) as an Independent Director for a period of five consecutive years. The appointment term is scheduled from January 25, 2026, to January 24, 2031, and requires approval through a Special Resolution.

E-Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to shareholders. The voting process will be conducted exclusively through electronic means, with no physical postal ballot forms being distributed.

Director Profile and Qualifications

Mr. Pranay Jain holds a B.Tech in Computer Science & Engineering from Guru Gobind Singh Indraprastha University, completed in 2007. He has been running his own business providing Information Technology and Engineering services since completing his degree. His expertise spans business management, finance management, client engagement, and Information Technology.

The Board of Directors appointed Mr. Jain as an Additional Independent Director on January 24, 2026, based on the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval.

Scrutinizer and Compliance

Mr. Sanjeev Dabas (COP: 24418), Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer will collate votes from the e-voting system and submit a report to the Chairman/Executive Director.

Result Communication

The postal ballot results will be announced by the Executive Director or authorized person on or before April 24, 2026. Results will be communicated to BSE Limited and National Stock Exchange of India Limited, and displayed on the company's website at www.bonlonindustries.com and NSDL's website at www.evoting.nsdl.com .

Shareholders whose names appear on the Register of Members or List of Beneficial Owners as of the cut-off date March 13, 2026, are eligible to participate in the e-voting process. The voting rights will be proportionate to one vote per fully paid equity share held by shareholders.