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Bonlon Industries' promoter and promoter group entities, led by Arun Kumar Jain, have acquired 7,00,000 warrants through a preferential allotment. Each warrant is convertible into one equity share with a face value of Rs. 10 upon payment of Rs. 24.75 within 18 months. This move significantly impacts the company's future shareholding structure. The total diluted share capital, assuming full conversion of these warrants, will increase from Rs. 14.18 Cr to Rs. 26.24 Cr. This preferential allotment strengthens the promoter group's potential stake and future control.