Balgopal Commercial Limited has made a regulatory disclosure to the BSE Limited regarding a change in the shareholding of a promoter.
The disclosure was triggered by the company receiving a Form C on June 8, 2026, from Mr. Sandeep Jindal, a Promoter of the company. The form detailed the acquisition of equity shares by Mr. Jindal.
The acquisition of 23,38,000 equity shares occurred on June 6, 2026. This was not a market purchase but was executed pursuant to the conversion of warrants that had been previously allotted to him on a preferential basis.
Quantitative Details of Shareholding Change:
- Securities Held Prior to Acquisition: 14,38,801 equity shares, representing a 6.88% shareholding.
- Securities Acquired: 23,38,000 equity shares, representing a 10.06% shareholding.
- Transaction Value: The disclosed value of the acquisition is ₹10,52,10,000 (Rs. 105.21 crore). This value is calculated based on the balance 75% payment made for the conversion of warrants, with an issue price of Rs. 60 per share.
- Securities Held Post Acquisition: 37,76,801 equity shares, representing a 16.25% shareholding.
Transaction and Regulatory Details:
- Transaction Type: Purchase (Conversion of warrants).
- Mode of Acquisition: Preferential issue (conversion of warrants).
- Date of Allotment/Acquisition: June 6, 2026.
- Date of Intimation to Company: June 8, 2026.
- Relevant Exchange: BSE Limited.
- Regulatory Reference: This disclosure is made under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Parties Involved:
- Promoter: Mr. Sandeep Jindal (PAN: ACDPJ7540F, DIN: 00402046).
- Company Secretary and Compliance Officer: Mr. Ankit Ladha (ICSI Membership No: A74941), who signed and submitted the disclosure to the exchange.
The letter from the company, signed by Company Secretary Ankit Ladha, serves to formally notify the exchange of this event and request that it be taken on record.