The Company has submitted the statement of deviation and variation of preferential issue of warrants
BONLON · price
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Bonlon Industries has confirmed that there is no deviation or variation in the use of proceeds from its preferential issue of fully convertible warrants, allotted on 9 October 2025. The company raised Rs. 39.78 crore (Rs. 3,978.15 lakh) through this issue. As of 31 December 2025, Rs. 8.35 crore has been deployed towards working capital, Rs. 50 lakh towards capital expenditure (development, refurbishment, renovation), Rs. 31.13 lakh towards general corporate purpose, and Rs. 27.47 lakh towards issue-related expenses. The original allocation stood at Rs. 32.72 crore for working capital, Rs. 3.14 crore for capex, Rs. 3.65 crore for general corporate purpose, and Rs. 27.47 lakh for issue expenses. The Audit Committee and Board reviewed and took the statement on record on 7 February 2026.
No negative signal — the company is using the warrant proceeds in line with what was originally disclosed to shareholders. For retail investors, this is a routine compliance update and the partial deployment suggests the funds are being used gradually as planned; no action is needed unless warrant conversion terms are of specific interest.