Divestment30 May 2026, 10:41 pm
Bonlon Industries Divests from SHV Industries
AI Summary
Bonlon Industries Ltd has dis-invested its complete shareholding from its wholly-owned subsidiary, M/s SHV Industries Private Limited, effective May 30, 2026. The decision was approved by the Board of Directors in a meeting held on the same day. M/s SHV Industries Private Limited was not a material subsidiary of the company, and therefore, no shareholders' approval was required for the disinvestment.
Key Highlights
- Bonlon Industries dis-invested its entire shareholding in SHV Industries.
- SHV Industries ceases to be a subsidiary of Bonlon Industries from May 30, 2026.
- Shareholders' approval was not required as SHV Industries was not a material subsidiary.
Price Impact
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