Balgopal Commercial Limited approved a corrigendum to the notice of its Annual General Meeting (AGM) on September 25, 2026. This amendment addresses Item No. 10, which concerns the proposed change of the company's name from Balgopal Commercial Limited to Dreamax Enterprises Limited.

The revision was necessitated by observations and communications received from BSE Limited regarding the company's application for in-principle approval for the name change. The Board also took note of and placed before members a Revised Chartered Accountant's Certificate. This certificate incorporates changes required by BSE's observations under Regulation 45(1) of the SEBI Listing Regulations.

Procedural updates and disclosures

The Revised Chartered Accountant's Certificate will be read as an integral part of the AGM Notice and the Explanatory Statement pertaining to the agenda item concerning the name change. The Board authorised the Company Secretary and Directors to circulate the corrigendum along with the revised certificate to shareholders.

Necessary submissions and disclosures will be made to BSE Limited, and the documents will be uploaded to the company's website. Except for the modifications contained in the corrigendum, all other contents of the original AGM Notice dated September 4, 2026, remain unchanged.

Meeting details

The Board meeting commenced at 3:00 pm and concluded at 3:30 pm on September 25, 2026. The decision ensures compliance with regulatory requirements prior to seeking member approval for the rebranding initiative.

Balgopal Commercial Ltd concluded its board meeting on September 4, 2026, approving the annual financial results for FY26 which showed a standalone net loss of ₹90.04 crore. The directors also recommended a change of name to Dreamax Enterprises Limited and approved several key director appointments and related party transactions ahead of the upcoming Annual General Meeting (AGM).

The meeting, held at the company’s registered office in Mumbai, saw the approval of the Board Report, Management Discussion & Analysis Report, and Corporate Governance Report for the year ended March 31, 2026. The Board also took note of the Secretarial Audit Report issued by CS Twinkle Agarwal.

Financial Performance

The company reported a significant decline in profitability compared to the previous year. Standalone total revenue turned negative at (₹89,643.05 thousand), primarily due to unrealised losses on investments, while total expenses rose to ₹15,154.11 thousand from ₹12,742.40 thousand in FY25.

On a consolidated basis, the group reported a net loss of ₹88.51 crore for FY26, compared to a net profit of ₹62.94 crore in FY25. Consolidated revenue stood at (₹85,710.11 thousand) against ₹87,096.90 thousand in the prior year.

Director Appointments

The Board approved the appointment of three directors, subject to shareholder approval at the ensuing AGM:

• Mr. Amit Bharat Agrawal as Additional Non-Executive Independent Director for a five-year term effective September 4, 2026.
• Mr. Prakash Shyamsundar Modi as Additional Non-Executive Independent Director for a five-year term effective September 4, 2026.
• Mr. Premkumar Pawankumar Goyal as Non-Executive, Non-Independent Director, liable to retire by rotation.

Additionally, the Board recommended the re-appointment of Mr. Navaneet Lal Damani, who is retiring by rotation.

Strategic Changes and Capital Increase

The Board approved a proposal to increase the authorized share capital from ₹24 crore to ₹32 crore. This involves an increase from 24 million equity shares of ₹10 each to 32 million equity shares of ₹10 each. The move requires shareholder approval and consequential alterations to the Memorandum of Association.

Significantly, the Board noted the reservation of the name “Dreamax Enterprises Limited” received from the ROC/MCA on September 4, 2026. It also recorded the No Objection Certificate from M/s Dreamax Developers Private Limited, the trademark proprietor. The proposal to change the company’s name will be placed before members at the AGM.

Related Party Transactions

The Board approved entering into certain Material Related Party Transactions, seeking shareholder approval in terms of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key approvals include:

• Prompt Vanijya LLP: Purchase of immovable property up to ₹50 lakh.
• Basudev Dealers LLP: Purchase of immovable property up to ₹50 lakh.
• Intellect Infra Equipments Private Limited: Renting/hiring of equipment up to ₹25 crore.
• Dreamax Developers Private Limited: Availing loan/borrowing up to ₹10 crore and construction services up to ₹15 crore (aggregate ₹25 crore).

AGM Logistics

The 44th Annual General Meeting is scheduled for Wednesday, September 30, 2026, at 4:00 pm at the registered office in Andheri West, Mumbai.

Key logistical details include:

• Record Date for E-voting: September 23, 2026
• Closure of Register of Members: September 24, 2026 to September 30, 2026 (both days inclusive)
• Scrutinizer: CS Nitesh Chaudhary has been appointed to oversee the voting process.

Mr. Vijay Laltaprasad Yadav, Managing Director, and Mr. Ankit Ladha, Company Secretary, are authorized to conduct the AGM and manage the voting procedure.

What the Numbers Show

The shift from a net profit of ₹63.37 crore in FY25 to a net loss of ₹90.04 crore in FY26 was largely non-operational in nature. The financial statements disclose that 'Other Income' turned negative at (₹89,880.34 thousand), driven primarily by an unrealised loss on the change in fair value of investments amounting to ₹1,09,291.08 thousand. This indicates that while core operational expenses increased moderately from ₹12.74 crore to ₹15.15 crore, the substantial volatility in investment valuations was the primary driver of the bottom-line deterioration.