Balgopal Commercial Ltd

Deviation & variation status

• Purpose: Confirm no deviation or variation in funds raised.
• Mode of fund raising: Preferential Issue (conversion of warrants).
• Funds raised: Rs. 10,52,10,000 on 04 Jun 2026; shares allotted 06 Jun 2026.
• Monitoring agency: Not Applicable.
• Deviation status: No deviation or variation observed.
• Status of fund utilisation: Fully utilised.
• Original object: Invest in similar line; allocation Rs. 10,52,10,000; utilised Rs. 10,52,10,000; deviation: Nil.
• Shareholder approval: Not Applicable.

Board actions

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026 with Limited Review Report.
• Appointment of M/s R J P S & Associates as Internal Auditor for FY 2026-27.
• Date of appointment: 11 August 2026; term for internal audit FY 2026-27.
• Annexure A provides appointment details and brief profile of the internal auditor firm.

Trading approval for promoter preferential issue

• BSE granted trading approval for 23,38,000 promoter on preferential basis shares.
• Shares Rs 10 each, issued at Rs 50 premium.
• Distinctive numbers from 20910001 to 23248000 allocated.
• Effective listing/trading from 7 August 2026.
• Approval relates to conversion of warrants into equity on preferential basis.

Forfeiture of warrants – key details

• Target Company: Balgopal Commercial Limited.
• Acquirer: Sandeep Jindal, Promoter of the target.
• PAC includes Allied Commodities Pvt Ltd; Mrs Kiran Dalmia; Mrs Kamla Devi Jindal.
• Transaction type: Forfeiture of 2,62,000 warrants.
• Pre-transaction voting rights: 1,28,73,812.
• Pre-transaction warrants: 2,62,000.
• Pre-transaction total: 1,31,35,812.
• Post-transaction voting rights: 1,28,73,812.
• Post-transaction warrants: 0.
• Mode: Forfeiture of warrants; lapsed 19 July 2026; forfeiture approved 25 July 2026.
• Equity share capital before: Rs 23,24,80,000 (2,32,48,000 shares).
• Equity share capital after: Rs 23,24,80,000 (2,32,48,000 shares).
• Total diluted capital after: Rs 23,24,80,000 (2,32,48,000 shares).
• Dates: 19 July 2026; 25 July 2026.
• Promoter group: acquirer belongs to promoter/promoter group.
• Aggregate post-holding: 55.38%.

MOA main object alteration

• Special Resolution to delete MOA sub-clauses 1–2 and consolidate main object to construction/real estate.
• Voting window: 29 Jul 2026 to 27 Aug 2026; results by 29 Aug 2026.
• Impact: Realignment of main object; no effect on share capital.
• Outcome: Results to be announced by 29 August 2026.

Warrant forfeiture & cap structure

• Board approved forfeiture of 2,62,000 unexercised warrants due to lapse on 19 July 2026.
• Forfeited subscription money: Rs 39,30,000.
• 42,38,000 warrants converted to equity; 2,62,000 lapsed; no outstanding warrants.
• Sandeep Jindal (Promoter) held 40,00,000 warrants; 37,38,000 converted, 2,62,000 lapsed, Rs 39,30,000 forfeited.
• Vijay Laltaprasad Yadav (Promoter) held 5,00,000 warrants; all converted; no forfeiture.
• No outstanding convertible securities remain as of date.

MOA amendment & postal ballot

• Alteration of MOA Clause III(A) deleting points 1-2; Real Estate and Construction becomes sole object.
• Draft Postal Ballot Notice and Explanatory Statement approved for Special Resolution.
• Nitesh Chaudhary appointed Scrutinizer for remote e-voting.
• Ankit Ladha or a Director authorized to file forms with authorities.

Domain & contact updates

• Official website changed to https://www.dreamaxgroup.com/ effective 25.07.2026.
• Official email: Info1@dreamaxgroup.com; Investor grievances: grievances@dreamaxgroup.com; CS: cs@dreamaxgroup.com.

Certificate details

• Certificate received from Maheshwari Datamatics Pvt. Ltd., the RTA, for quarter ended 30 June 2026.