The Company has appointed Internal and Cost Auditors for financial year 2026-27
BONLON · price
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Bonlon Industries reported audited FY2026 results with unmodified opinions from Gaur & Associates. The company approved disinvestment of its wholly-owned subsidiary SHV Industries Private Limited to promoters (MD Arun Kumar Jain and Mrs. Smita Jain) for Rs 10 lakh at face value. SHV Industries had assets of Rs 1750.67 lakh and reported a net loss of Rs 3.81 lakh for FY2026. The transaction, classified as a related party deal, does not require shareholder approval as SHV is not a material subsidiary. The Board also reappointed Shyam Goel & Associates as Internal Auditors and appointed Goyal, Goyal & Associates as Cost Auditor for FY2026-27. Long-term borrowings increased from Rs 3.52 crore to Rs 12.83 crore during the year.
The promoter buyout of the loss-making subsidiary reduces group complexity but raises related party transaction scrutiny. The company's expanded debt levels and the subsidiary's marginal loss require monitoring. Auditor appointments are routine reappointments with no red flags.