Bonlon Industries Limited has submitted its quarterly compliance filing to BSE, confirming no deviations in the utilization of proceeds from its preferential issue of warrants during the third quarter ended December 31, 2025. The filing was made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company raised Rs. 3978.15 lakh through a preferential issue of fully convertible warrants, with the allotment completed on October 9, 2025. The funds were raised following shareholder approval obtained through a postal ballot notice dated April 7, 2025.

Fund Utilization Status

The company confirmed that there were no deviations or variations from the objects as stated in the explanatory statement to the postal ballot notice. The funds are being utilized across four main categories as originally planned.

Regulatory Compliance

The statement was prepared in accordance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019. Both the Audit Committee and the Board of Directors reviewed and approved the compliance statement during their respective meetings held on February 11, 2026.

The filing confirms that the company is utilizing the raised funds strictly in accordance with the approved objects, with no modifications to the original allocation or purposes. The Audit Committee provided no additional comments after their review, and no auditor comments were noted in the filing.

Company Background

Bonlon Industries Limited operates as a manufacturer and exporter of cables and wires, and 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 company's shares are listed on BSE with scrip code 543211.

Bonlon Industries Limited has announced key changes to its board of directors following a meeting held on January 24, 2026, at the company's registered office in New Delhi. The board meeting, which commenced at 03:00 PM and concluded at 04:15 PM, addressed director resignation and appointment matters in compliance with SEBI regulations.

Director Resignation Details

Ms. Siya Seth resigned from her directorship position with the company, effective January 24, 2026. The resignation was submitted due to personal reasons, with no other material factors contributing to her departure.

New Independent Director Appointment

The board approved the appointment of Mr. Pranay Jain as Additional Independent Director, effective January 25, 2026. His appointment is subject to shareholder approval for a five-year term from January 25, 2026, to January 24, 2031.

Professional Background and Expertise

Mr. Pranay Jain holds a B.Tech in Computer Science & Engineering from Guru Gobind Singh Indraprastha University, completed in 2007. Since graduation, he has operated his own business providing Information Technology and Engineering services.

His key areas of expertise include:

• Computer science and information technology
• Business management and finance management
• Client engagement and customer handling
• Marketing and general administration

Additional Disclosures

As per SEBI regulations, the company confirmed that Mr. Jain has no relationships with other directors and holds no shareholding in the entity. He currently holds no directorships in other listed entities and has not resigned from any listed company directorships in the past three years.

The board changes reflect the company's commitment to maintaining strong governance standards while ensuring continuity in board composition and expertise.