Key Quantitative Figures

  • B.C. Power Controls Limited currently holds 0 shares in Bonlon Industries Limited
  • Current holding percentage: 0.00%
  • No change in shareholding involved in the reclassification request

Parties Involved

  • Requesting Entity: B.C. Power Controls Limited (Member of Promoter Group)
  • Regulatory Reference: SEBI LODR Regulation 31A
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Rationale for Reclassification

B.C. Power Controls Limited states they are not associated with the business of Bonlon Industries Limited and do not have any influence over business and policy decisions. They claim no involvement in day-to-day activities, no control over company affairs, and no special rights through formal or informal arrangements including shareholder agreements.

Regulatory Compliance Conditions

B.C. Power Controls Limited affirms compliance with Regulation 31A(3)(b) conditions:

  • Does not hold more than ten percent of total voting rights
  • Does not exercise control over company affairs directly or indirectly
  • Has no special rights through formal or informal arrangements
  • Has no representation on the board of directors (including no nominee director)
  • Does not act as a key managerial person of the Company
  • Has not been declared as wilful defaulter per RBI guidelines
  • Has not been declared as fugitive economic offender
  • No pending regulatory action against the entity

Undertakings and Future Compliance

The entity undertakes to:

  • Continue complying with conditions mentioned in sub-clauses (i), (ii) and (iii) of Regulation 31A(3)(b) at all times post-reclassification
  • Comply with conditions mentioned in sub-clauses (iv) and (v) of Regulation 31A(3)(b) for at least three years from reclassification date
  • Abide by all conditions listed in Regulation 31A post-reclassification

Approval Status

The reclassification request is subject to:

  • Approval of the Board of Directors of Bonlon Industries Limited
  • Compliance with applicable regulatory requirements

Financial Impact

No financial impact quantified in the disclosure. The reclassification involves no change in shareholding structure or ownership percentage.