
Rights Issue20 Aug 2026, 05:40 pm
Bonlon Industries Cancels Rights Issue Committee Meeting
AI Summary
Bonlon Industries Ltd has announced the cancellation of its Rights Issue Committee meeting, originally scheduled for August 20, 2026. The meeting was intended to finalize key terms for the rights issue, including the record date, issue price, and entitlement ratio, which had been approved by the Board on August 14, 2026. The cancellation is due to the pending In-Principle Approval from the Stock Exchange for the proposed rights issue. The company will reschedule the committee meeting once the necessary approval is obtained, providing prior intimation as per regulations.
Key Highlights
- Rights Issue Committee meeting cancelled due to pending stock exchange approval.
- Key terms like record date and issue price are yet to be finalized.
- A new meeting will be convened upon receipt of In-Principle Approval.
- The rights issue was previously approved by the Board on August 14, 2026.
Price Impact
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