Bonlon Industries Ltd Share Price

History of Bonlon Industries Ltd

Bonlon Industries Limited was incorporated in the name of 'Bon Lon Steels Private Limited' in December 1998 in New Delhi. The name of Company was changed from 'Bon Lon Steels Private Limited' to 'Bonlon Industries Private Limited' with effect from February 26, 2019. Further the Company got its status converted into Public Limited Company and the name of Company was changed to 'Bonlon Industries Limited' effective from March 29, 2019. The Company is in the business of manufacturing and trading of various kinds of ferrous and non ferrous metals and running a hotel. The main metals used in our business operations are copper, cables, aluminium, zinc & tin and the products in which we deal are wire rods, cathode, ingots & shredded form also. The manufacturing unit was set up in 2013 in Bhiwa ...di, Rajasthan. The Company's products can be applied in industries like electrical, construction, transport, automobile etc. The business operations in the division include both manufacturing and trading activities. Manufacturing is mainly done for the copper wire rods and wires and the rests of the products such as wire rods, wires, ingots and cathode made up from metals dealt in are traded by the Company. The Company trades metal products not only in India but proceeds with import and export also and trades on MCX as well. Hotel Bonlon Inn is situated in Center of Delhi, Karol bagh, this exquisite inn is a sheer creation built under blueprints of fineness and superiority. Housing world class amenities and a gripping ambience, the place has 24 rooms that define true luxury and provides a lavish living experience. To serve taste buds, Bonlon Inn offers a vast menu of delicious multi-cuisines and appetizing snacks that makes customer stay more pleasurable. The hotel that facilitates with first-rate services that makes every moment special. In year 2018, three of the Group Companies namely Smita Global Private Limited, Harshit Promoters Private Limited and Harshit Infratech Private Limited, that were engaged in different industries i.e. Metal, Hotel and Civil Construction industry, got amalgamated with the Company in pursuance of Section 230-232 of the Companies Act, 2013 and the Order of the Hon'ble National Company Law Tribunal, Principal Bench, New Delhi dated June 13, 2018. Upon such Scheme becoming effective, in consideration of the amalgamation, the Shareholders of all the three companies were allotted shares in the Company in the ratio as provided in the Scheme of Amalgamation.