The Company has dis-invest the complete shareholding from subsidiary M/s SHV Industries Private Limited
BONLON · price
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Bonlon Industries Board approved disinvestment of its entire 100% stake in SHV Industries Private Limited (a wholly-owned subsidiary) effective May 30, 2026. The subsidiary was non-material, contributing 0% to turnover and only 0.06% to net worth. The sale is priced at Rs. 10 lakh (face value) and expected to complete by June 30, 2026. The buyers are Managing Director Arun Kumar Jain and Director Smita Jain (both promoters), making this a related party transaction conducted at arm's length. No shareholder approval was required. The Board also approved audited FY2026 results with unmodified audit opinion, reappointed internal and cost auditors, and confirmed the company does not qualify as a Large Corporate.
The divestment of a small non-material subsidiary to promoters at face value is unlikely to materially impact Bonlon's financials or stock price. The transaction is minor and non-core in nature, with the company continuing its main operations in cables, wires, and non-ferrous metals.