Balgopal Commercial Ltd Receives BSE Approval for Preferential Issuance of Equity Shares
Balgopal Commercial Ltd has received listing approval from the Bombay Stock Exchange (BSE) regarding the issuance of equity shares to its Promoter/Promoter Group on a preferential basis.The Company was granted the approval by BSE Limited on June 29, 2026, for the listing of 23,38,000 Equity Shares. These shares were issued at a premium of Rs. 50/- each over their face value.
The details concerning the shares are as follows:
- Number of Shares: 23,38,000
- Face Value per Share: Rs. 10/-
- Premium per Share: Rs. 50/-
- Issue Basis: Preferential issuance to Promoter/Promoter Group
The approval granted by the exchange pertains to the listing of these shares issued to the Promoter/Promoter Group, which were noted as arising from a conversion of warrants. The Company is expected to comply with all necessary further requirements set forth for this transaction.
Stock Price Movement
As the trade closed on Monday, shares of Balgopal Commercial Ltd. settled at ₹185.35, reflecting a decline of 0.72%. The stock saw movement throughout the day, reaching an intraday high of ₹200.00 before finding its lowest point at ₹184.95.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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