Balgopal Commercial Limited has received listing approval from BSE Limited for 23,38,000 equity shares issued to Promoter/Promoter Group on a preferential basis. The approval was granted vide letter no. LOD/PREF/AP/FIP/451/2026-27 dated 29th June, 2026.
Share Details
- Number of shares: 23,38,000 equity shares
- Face value: ₹10 per share
- Premium: ₹50 per share
- Distinctive numbers: 20910001 to 23248000
- Issued to: Promoter/Promoter Group
- Basis: Preferential issuance pursuant to conversion of warrants
- Regulatory reference: Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Compliance Requirements
The company must ensure compliance with:
- Regulation 167 of SEBI (ICDR) Regulations
- SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
- Filing shareholding pattern in XBRL mode for changes exceeding 2% of total paid-up share capital as per Regulation 31(1)(c) of SEBI LODR Regulations, 2015
Trading Approval Conditions
Trading approval will be granted only after the company submits:
- Listing approval from National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL about crediting the shares to beneficiary accounts
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Timeline Requirements
The company must apply for trading approval within seven working days from the date of grant of listing approval, as per Schedule XIX of ICDR Regulations and SEBI circular dated June 21, 2023. Non-compliance will attract fines as specified in the SEBI circular.
Document References
- BSE approval letter: LOD/PREF/AP/FIP/451/2026-27 dated 29th June, 2026
- SEBI circular: SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
- Regulations: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulation 30, Regulation 28(1), Regulation 31(1)(c)
- Regulations: SEBI (ICDR) Regulations - Regulation 167