Balgopal Commercial Ltd Forfeits Unexercised Warrants and Changes Company Domain
Balgopal Commercial Limited has finalized actions regarding its convertible warrants and made strategic changes to its corporate identity, including an amendment to its Memorandum of Association and a shift in official domain names.The company's Board of Directors reviewed several matters during the meeting held on July 25, 2026. Among these decisions was the forfeiture of unexercised Convertible Warrants following their expiry.
Warrant Forfeiture Details
The initial allotment included a total of 45,00,000 Fully Convertible Warrants, which could be converted into one fully paid-up equity share each, with a face value of Rs. 10/- and an issue price (including all components) set at Rs. 60/- per warrant. These warrants were allotted on January 20, 2025, to the Promoter for preferential issuance.The warrants granted a tenure of 18 months from the allotment date, expiring on July 19, 2026. Of the initial issue, 42,38,000 warrants were successfully converted into equity within this period. However, 2,62,000 warrants remained unexercised and lapsed after the prescribed period ended.
The Board of Directors formally approved the forfeiture of these 2,62,000 warrants. The amount received toward subscription money for these forfeited warrants totaled Rs. 39,30,000/-.
Key details regarding the warrants and their conversion are as follows:
| Particulars | Details |
|---|---|
| Type of securities | Convertible Warrants |
| Issuance Type | Preferential Allotment |
| Total number originally allotted | 45,00,000 |
| Issue price per warrant | Rs. 60/- |
| Date of allotment | January 20, 2025 |
| Tenure | 18 months (until July 19, 2026) |
| Number of warrants exercised | 42,38,000 |
| Number of warrants lapsed and forfeited | 2,62,000 |
| Amount forfeited | Rs. 39,30,000 |
The details of the warrant holders whose warrants were forfeited are presented in the table below:
| Name of Warrant Holder | Category | Warrants Allotted | Warrants Previously Converted | Warrants Lapsed | Amount Forfeited (Rs.) |
|---|---|---|---|---|---|
| Sandeep Jindal | Promoter | 40,00,000 | 37,38,000 | 2,62,000 | 39,30,000 |
The company reported that with the forfeiture, there are no outstanding warrants or convertible securities remaining.
Memorandum and Corporate Identity Amendments
The Board meeting also addressed the amendment of the Company's Memorandum of Association. The proposed alteration involves deleting existing Point No. 1 and 2 from Clause III(A) (Objects to be pursued by the Company on its incorporation). This deletion will make Point No. 3, relating to Real Estate and Construction business, the sole primary main object of the company.To facilitate this change, the Board approved a draft Postal Ballot Notice along with an Explanatory Statement, seeking member approval via a Special Resolution. Additionally, Mr. Nitesh Chaudhary, a Practising Company Secretary, was appointed as the Scrutinizer for conducting the Postal Ballot process through remote e-voting.
In alignment with the company's focus on the real estate sector, the Board approved changes to the official online presence and communication details. Effective July 25, 2026, the updated corporate domain and email IDs are:
| Particulars | Old Details | New Details (w.e.f. 25.07.2026) |
|---|---|---|
| Official Website URL | https://www.bcommercial.org/ | https://www.dreamaxgroup.com/ |
| Official Email ID | info@bcommercial.org | Info1@dremaxgroup.com |
| Investor Grievances Email ID | info@bcommercial.org | grievances@dreamaxgroup.com |
| Company Secretary Email id | cs@bcommercial.org | cs@dreamaxgroup.com |
The meeting commenced at 3:00 p.m. and concluded at 4:00 p.m.
Stock Price Movement
Balgopal Commercial Ltd settled at ₹198.75 in the post-market trading session on Friday, closing down 3.26%. The shares traded through a wide intraday range, testing highs near ₹239.00 before finding support as low as ₹182.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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