Rights Issue24 Sept 2026, 10:08 pm
Bonlon Industries Ltd Receives In-Principle Approval for Rights Issue
AI Summary
Bonlon Industries Ltd has received in-principle approval from both BSE Limited and NSE Limited for its proposed rights issue of fully paid-up equity shares. The approvals, dated September 24, 2026, allow the company to use the stock exchanges' names in its Letter of Offer, subject to specific disclaimer clauses and compliance with all legal and statutory formalities. The company must also disclose the rights issue price and fix a record date with advance notice. The exchanges have granted permission for listing the new shares post-issue, provided all requirements are met.
Key Highlights
- Bonlon Industries Ltd secured in-principle approval for rights issue from BSE and NSE.
- Company can now use exchange names in Letter of Offer with disclaimer.
- Rights issue subject to legal, statutory, and post-issue formalities.
- Disclosure of rights issue price and record date required.
- Approval for listing of new equity shares granted.
Price Impact
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