Bonlon Industries has scheduled a Rights Issue Committee meeting for August 20, 2026, to finalize the pricing and structural terms of its upcoming equity rights issue. The committee will decide on critical parameters including the rights entitlement ratio, record date, payment mechanism, and the specific issue price.

The move follows a Board of Directors meeting held on August 14, 2026, which approved the offer and issuance of fully paid-up equity shares. The company aims to raise an amount not exceeding ₹49.75 crore through this instrument. Each share carries a face value of ₹10.

Regulatory Compliance and Trading Window

In compliance with Regulation 29(1)(d) of the SEBI Listing Regulations, Bonlon Industries notified the Bombay Stock Exchange and the National Stock Exchange of the upcoming committee meeting. The notification also highlighted adherence to the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

To prevent insider trading, the company closed the trading window for designated persons and their immediate relatives effective August 17, 2026. This restriction remains in place until 48 hours after the conclusion of the Rights Issue Committee meeting, as mandated by the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal Code of Conduct.

Key Details

The company, which manufactures cables and wires and trades non-ferrous metals, did not disclose the final subscription ratio or the specific timeline for the offer period in this initial intimation. These details are expected to be clarified following the August 20 committee deliberations.

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: