The Company has intimated the BSE for requests received from persons falling under Promoter Group for re-classification from Promoter/Promoter Group Category to Public category under regulation ....
BONLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bonlon Industries has informed BSE that it has received requests from two promoter group members — B.C. Power Controls Limited and Vayusthali Constructions Private Limited — seeking reclassification from the 'Promoter Group' category to 'Public' category under SEBI's Regulation 31A. Both entities currently hold 0 shares (0% stake) in the company, stating they are not involved in the business, have no board representation, and exert no control over company decisions. The reclassification is subject to approval from the Board and BSE. Since both entities already hold zero shares, this is a formal status change rather than an actual dilution of promoter shareholding.
Minimal direct impact on shareholding since both entities already hold zero shares. However, if approved, the company's formal promoter group size shrinks, which slightly improves public float classification and free-float optics for shareholders.