Bonlon Industries Limited has informed the Exchange regarding Change in Auditors of the company.
BONLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bonlon Industries Limited reported audited standalone and consolidated financial results for FY 2026. Total assets grew to Rs. 14,680.45 Lakhs from Rs. 12,838.69 Lakhs, with total equity at Rs. 10,009.24 Lakhs. The company received unmodified audit opinions from M/s Gaur & Associates. Key board decisions include disinvestment of wholly-owned subsidiary SHV Industries Private Limited back to promoters Arun Kumar Jain (MD) and Smita Jain (Director) for Rs. 10 Lakhs at face value. Long-term borrowings increased significantly from Rs. 3.52 Crore to Rs. 12.23 Crore during the year. Cash and cash equivalents declined sharply from Rs. 14.86 Crore to Rs. 0.55 Crore. Internal auditor M/s Shyam Goel & Associates and Cost auditor M/s Goyal, Goyal & Associates were re-appointed.
The subsidiary sale to promoters at face value (Rs. 10 Lakhs) represents a related party transaction requiring careful monitoring. The sharp decline in cash reserves and increase in borrowings warrant attention despite positive asset growth. Unmodified audit opinions indicate clean financial reporting.