The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Kumar Jain & PACs
BONLON · price
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Promoter Arun Kumar Jain along with promoter group entities and family members (PACs) have been allotted 97,00,000 fully convertible warrants in Bonlon Industries via preferential allotment on October 9, 2025. Each warrant, priced at Rs. 24.75 (75% of the issue price), is convertible into one equity share of Rs. 10 face value within 18 months, on payment of balance 25%. Before this acquisition, the promoter group held 91,66,296 equity shares (6.74% of voting capital). The company's equity base is set to expand from 1.41 crore shares to a fully diluted 2.62 crore shares once all warrants are converted. The allotment is spread across 9 promoter group entities including Bonlon Securities, Bonlon Pvt Ltd, Harshit Finvest, and family members Smita Jain, Yashika Jain, Swatika Jain, Harshit Jain, and Arun Kumar Jain HUF.
This signals a significant increase in promoter control and commitment to the company, but existing minority shareholders face potential dilution once warrants are converted. Warrant holders have no voting rights until full conversion, so there is no immediate change in voting power.