Bonlon Industries Gets In-Principle Approval for Share Listing

Bonlon Industries Ltd has received in-principle approval from both the NSE and BSE for the listing of 22,00,000 equity shares. These shares, with a face value of Rs. 10 each, were issued at a premium of Rs. 23 each, totaling Rs. 33 per share. The allotment was made to M/s Bon Lon Securities Limited and M/s Harshit Finvest Private Limited, both members of the promoter group, pursuant to the conversion of warrants issued on a preferential basis. The final trading approval is contingent upon confirmation from NSDL/CDSL regarding the credit of shares to beneficiary accounts.