In-Principle Approval Received from BSE and NSE for Proposed Rights Issue of up to Rs. 49.75 Crores

The company has received in-principle approval from BSE and NSE for its proposed rights issue of fully paid-up equity shares.

Thu 24 Sep 2026

Rights issue size

up to 49.75 Crores

Face value per share

Rs. 10/- each

Registrar to the Issue

Bigshare Services Private Limited

Exchange approvals

In-principle approval received from both BSE and NSE on September 24, 2026

What was announced

Bonlon Industries told BSE and NSE that it has received in-principle approval for its proposed rights issue of fully paid-up equity shares. BSE's letter is numbered LOD/RIGHT/PB/FIP/824/2026-27 and NSE's is NSE/LIST/56947, both dated September 24, 2026. The company's application to NSE was referred to as dated August 17, 2026 in the BSE letter.

Size and terms

• Face value of each equity share: Rs. 10/- each
• Rights issue aggregating up to 49.75 Crores
• Issue price, premium per share and the rights entitlement ratio are left blank in the exchange letters and are still to be decided
• Record date is yet to be fixed

What in-principle approval means

It is a procedural clearance allowing the company to name the exchanges in its Letter of Offer and to proceed with the rights issue process. Both exchanges state clearly that this is not an endorsement of the contents of the letter of offer, nor any comment on the financial soundness of the company, its promoters or management.

Conditions attached

• File the listing application at the earliest from the date of allotment
• Obtain statutory and other approvals including from SEBI, RBI and MCA
• Comply with SEBI LODR Regulations as on the date of listing and with the Companies Act
• Fix a record date with at least three working days' advance notice to the exchange, and intimate the rights issue price at least 3 working days before the record date
• Get the Basis of Allotment approved by the Designated Stock Exchange in case of under-subscription
• Comply with Section 186 and 188 of the Companies Act, 2013 and Regulation 23 of SEBI LODR before update the listing application
• Procure a Secretarial Auditor certificate confirming ODI compliance before update the listing application

NSE has also noted that it reserves the right to withdraw the in-principle approval later if information submitted is found incomplete, incorrect, misleading or false.

Who handles the issue

Bigshare Services Private Limited is the Registrar to the Issue, with NSDL and CDSL as depositories.

What investors may watch

A rights issue offers existing shareholders the chance to buy additional shares in a fixed proportion to their holding. Shareholders who do not subscribe may see their percentage holding diluted once new shares are issued. The key details still awaited are the issue price, the entitlement ratio and the record date, which the company must announce to the exchanges before the issue opens.

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