Rights Issue Committee meeting cancelled; new date to be intimated
Bonlon Industries has told the exchanges that its Rights Issue Committee meeting, scheduled for Thursday, October 22, 2026, stands cancelled.
By ScoutQuest · · 1 min read
- Meeting Status
- Rights Issue Committee meeting stands cancelled
- Scheduled Meeting Date
- Thursday, October 22, 2026
- Prior Intimation Date
- Friday, October 16, 2026
What was announced
- The Rights Issue Committee meeting of the board, earlier scheduled for Thursday, October 22, 2026, has been cancelled.
- The company had informed the exchanges about this meeting through an intimation dated Friday, October 16, 2026.
- The reason stated for the cancellation is the non-availability of the members of the committee.
- The company has said the meeting will be rescheduled and the new date will be intimated to the exchanges in due course.
What the meeting was meant to decide
- The issue price of the rights issue.
- Other terms of the rights issue.
- The rights entitlement ratio.
- The record date.
- The timing of the rights issue.
What this means for shareholders
A rights issue gives existing shareholders a first right to buy additional shares, usually at a stated price and in a fixed proportion to what they already hold. Those details, the price, the ratio and the record date, were to be fixed at this meeting. With the meeting cancelled, those terms await a fresh meeting, so shareholders do not yet have the price or the entitlement ratio in hand.
What to watch
The next announcement from the company giving the rescheduled meeting date, and after that, the terms of the rights issue once the committee decides them.
Also from Bonlon Industries
Rights issue committee meets on October 22 to decide issue price, entitlement ratio and record date
16 Oct 2026
NSE no-objection for reclassification of B.C. Power Controls Ltd from Promoter Group to Public category
1 Oct 2026
BSE Approves Reclassification of B.C. Power Controls Ltd From Promoter Group to Public Category
1 Oct 2026
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