The Company has submitted scritinizer''s report for the postal ballot results.
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 Ltd has submitted the scrutinizer's report for the postal ballot results declared on 12th May 2025, with the last date of e-voting on 8th May 2025. Both resolutions were passed with overwhelming majority. Resolution 1 (Ordinary) was to increase the authorized share capital and amend the Capital Clause (Clause V) of the Memorandum of Association — passed with 94,64,735 votes in favour (99.96%) versus only 4,046 votes against. Resolution 2 (Special) was the preferential allotment of up to 2,00,60,000 fully convertible warrants to persons belonging to the promoter/promoter group and non-promoter public category — passed with 9,38,075 votes in favour (99.57%) versus 4,082 against, though 89,26,124 promoter-held votes were declared invalid (likely because promoters are interested parties). Total shareholders on record date were 3,631, and the scrutinizer was Sanjeev Dabas of Dabas S & Co.
The preferential allotment of up to ~2 crore convertible warrants is a significant equity dilution event for existing public shareholders. Since promoters are among the proposed allottees, this represents promoter-led capital infusion, but retail investors should note the potential dilution and warrant conversion impact on share value. The authorized capital hike supports this fundraising plan.