Bonlon Industries Limited has notified stock exchanges about receiving an order and demand notice from the Income Tax Department, marking a significant regulatory development for the cable and wire manufacturer.

Regulatory Disclosure Details

The company received the order and demand notice on March 31, 2026, under sections 147 and 156 of the Income Tax Act, 1961, pertaining to Assessment Year 2021-22. This disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, with the company treating the matter as price-sensitive information under SEBI's Prohibition of Insider Trading Regulations, 2015.

Order Specifications

The comprehensive details of the Income Tax Department action are outlined in the regulatory filing:

Company's Response Strategy

Bonlon Industries has expressed confidence in its position regarding the tax 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 indicated they expect to defend the matter before appellate authorities without any financial impact on the company.

Regulatory Compliance Framework

The disclosure was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has committed to promptly updating stock exchanges regarding any further material developments in this matter.

Business Context

Bonlon Industries Limited operates as a manufacturer and exporter of cables and wires, while also functioning as a wholesale trader and importer of non-ferrous metals. The company maintains ISO certifications including 14001:2015, 45001:2018, 9001:2015, and 9000:2015 for quality management systems, with operations spanning multiple locations including manufacturing plants in Rajasthan and offices in Delhi and Mumbai.

Bonlon industries Limited has announced the closure of its trading window for designated persons in compliance with insider trading regulations. The closure is scheduled ahead of the company's Q4FY26 and FY26 audited financial results declaration.

Trading Window Closure Details

The company has informed stock exchanges that the trading window will remain closed for all designated persons, connected persons, and their immediate relatives. The closure period and scope are outlined below:

Regulatory Compliance Framework

The trading window closure has been implemented pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The company follows its established policy framework which includes:

• Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information
• Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders

Board Meeting Communication

Bonlon Industries Limited has indicated that the specific date for the board meeting to consider and approve the standalone and consolidated audited financial results for Q4FY26 and FY26 will be communicated separately in due course. The meeting will focus on the financial performance for the quarter and year ended March 31, 2026.

Company Background

Bonlon Industries Limited operates as a manufacturer and exporter of cables and wires, while also functioning as a wholesale trader and importer of non-ferrous metals. The company maintains ISO certifications including 14001:2015, 45001:2018, 9001:2015, and 9000:2015 for quality management systems. The notification was signed by Managing Director Arun Kumar Jain and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.