Bonlon Industries will hold its 29th Annual General Meeting (AGM) on September 29, 2026, to seek shareholder approval for increasing authorized share capital from ₹35 crore to ₹50 crore. The meeting will also address director remuneration and related-party transactions.

The board held its meeting on September 4, 2026, to approve the AGM notice. The company plans to conduct the meeting through Video Conferencing or Other Audio-Visual Means, as permitted by regulatory circulars. Remote e-voting will be available from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm.

Capital Restructuring Details

The proposed increase involves adding 1.5 crore equity shares with a face value of ₹10 each. This raises the total number of equity shares from 3.5 crore to 5 crore. The amendment requires changes to Clause V of the Memorandum of Association.

The capital hike facilitates future equity issuances, including the conversion of pending warrants and a proposed right issue of ₹49.75 crore approved by the board in August 2026.

Director Remuneration and Re-appointment

Shareholders will vote on the re-appointment of Mr. Arun Kumar Jain as Managing Director and approve his remuneration structure. His current appointment ends on September 28, 2028. The proposed maximum annual remuneration is ₹1 crore, covering salary, allowances, and perquisites such as medical insurance and travel.

The agenda also includes approving the remuneration for Mr. Rajat Jain, Whole Time Director, up to ₹50 lakh per annum. His appointment ends on February 13, 2029.

Related-Party Transactions

The company seeks approval for material related-party transactions with four entities until the next AGM in 2027. The aggregate value cap is ₹600 crore, distributed as follows:

• Asier Metals Private Limited: ₹300 crore
• Bon Lon Private Limited: ₹100 crore
• Bon-Lon Securities Limited: ₹100 crore
• Harshit Finvest Private Limited: ₹100 crore

These transactions involve trading of ferrous and non-ferrous metals, job work, services, and short-term working capital funding. Mr. Arun Kumar Jain and Mrs. Smita Jain have interests in these related parties.

Financial Performance Context

The explanatory statement highlights financial results for FY26 compared to FY25. Revenue grew to ₹6,511.8 crore from ₹6,231.0 crore. Net profit increased to ₹303.6 crore from ₹269.0 crore.

AGM Logistics

The cut-off date for determining shareholder eligibility is August 28, 2026. The register of members and share transfer books will remain closed from September 24, 2026, to September 29, 2026. Mr. Sanjeev Dabas, a practicing company secretary, was appointed as the scrutinizer for e-voting.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0B9A01018/07ee45ab-4fb4-4b90-bb86-5672cfa7ac81.pdf

Bonlon Industries has cancelled its Rights Issue Committee meeting scheduled for August 20, 2026, citing the pending receipt of in-principle approval from the stock exchanges. The company intends to convene a fresh meeting of the committee only after securing this requisite regulatory clearance.

The decision halts the immediate timeline for finalizing critical parameters of the proposed equity rights issue, including the record date, issue price, and entitlement ratio. These terms were slated for approval during the cancelled session, following the Board of Directors' initial sanction on August 14, 2026, to issue fully paid-up equity shares.

Regulatory Status and Next Steps

In a communication to the Bombay Stock Exchange and the National Stock Exchange dated August 20, 2026, Bonlon Industries clarified that the in-principle approval process was still underway. Consequently, the company deemed it premature to finalize the offer structure without this foundational regulatory nod.

The firm stated it will provide due prior intimation before convening the next Rights Issue Committee meeting, in accordance with applicable listing regulations. This follows the initial notification on August 17, 2026, which had outlined the agenda for the August 20 deliberations.

Key Details

Bonlon Industries, engaged in manufacturing cables and wires and trading non-ferrous metals, had previously closed the trading window for designated persons effective August 17, 2026. This restriction remains in place until 48 hours after the conclusion of the rescheduled Rights Issue Committee meeting, as mandated by the SEBI (Prohibition of Insider Trading) Regulations, 2015.