Bonlon Industries Ltd — Board Meeting, 07-04-2025: The Company has submitted to BSE the outcome of Board Meeting held today.
07-04-2025 · 08:20 pm
The Board of Directors has announced a board meeting to increase the authorized share capital from ₹15 Cr to ₹35 Cr, subject to shareholder approval. Additionally, the company plans to raise funds through the issuance of up to 2,00,60,000 fully convertible warrants at ₹33 each, targeting a total of ₹66.19 Cr. The process will require members' approval via postal ballot, with the cut-off date set for April 4. This strategic move aims to bolster financial resources and investor confidence, likely positioning the company for growth amidst increasing capital requirements.
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