The Company has submitted the statement of deviation or variation for preferential issue.
BONLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bonlon Industries Limited has submitted a statement confirming no deviation or variation in the utilization of funds from its preferential issue of convertible warrants. The company raised Rs. 3978.15 lakh through the allotment of 1,20,55,000 warrants on October 9, 2025, which was lower than the originally planned Rs. 5068.80 lakh due to lower subscription. The board proportionately reduced allocations across Working Capital (Rs. 3271.80 lakh), Capital Expenditure (Rs. 313.93 lakh), General Corporate Purpose (Rs. 364.95 lakh), and Issue Expenses (Rs. 27.47 lakh). Additionally, 22,00,000 warrants were converted to equity shares on March 30, 2026, bringing in Rs. 544.50 lakh. The Audit Committee reviewed and the Board took the statement on record on May 30, 2026.
No negative impact for shareholders. The company confirms funds are being used as stated in the objects, with proportional allocation adjustments due to lower-than-expected subscription. The conversion of warrants to equity shares is a normal exercise of conversion rights.