Balgopal Commercial Ltd has issued a postal ballot notice pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for the alteration of the Main Object Clause of its Memorandum of Association (MOA). The Board of Directors approved the proposal at its meeting held on July 25, 2026, recommending that the company's operational focus be concentrated exclusively on the Real Estate, Infrastructure, and Construction sectors.

Proposed Alteration to the Memorandum of Association

The proposed Special Resolution seeks to alter Clause 3(A) of the MOA by completely deleting existing sub-clauses 1 and 2, which governed historical commercial trading and investment/financial activities, and retaining the existing sub-clause 3 as the sole, consolidated main object of the company, renumbered as sub-clause 1. The retained and renumbered sub-clause will read as the company's exclusive mandate to carry on business as builders, contractors, constructors, and developers across residential, commercial, industrial, and institutional properties, including townships, holiday resorts, hotels, and motels, as well as dealing in freehold and leasehold land and immovable properties.

The Board noted that the general trading and investment activities described in the sub-clauses proposed for deletion have not been active for a long time and are no longer aligned with the company's long-term business strategy. The Board further clarified that managing surplus funds is already permissible under the company's general powers, making a separate main investment object unnecessary. The proposed deletion is stated to not affect the company's core construction operations, existing legal commitments, capital structure, or financial standing.

Key Postal Ballot and E-Voting Details

The postal ballot notice is being sent exclusively through electronic mode to members whose names are recorded as on the cut-off date of Friday, July 24, 2026, in the register of members or register of beneficial owners. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility.

The postal ballot notice is available on the company's website at www.dreamaxgroup.com , on the BSE Limited website at www.bseindia.com , and on the CDSL website at www.evotingindia.com . Physical copies of the postal ballot notice and forms are not being dispatched to members in compliance with applicable MCA Circulars.

Rationale and Board Recommendation

The Board of Directors stated that the alteration is intended to concentrate management focus, corporate governance, and resources exclusively on the company's core construction and real estate projects, align the MOA strictly with active operations, and streamline its legal structure. The alteration, if approved by members, will be registered by the Registrar of Companies, Maharashtra, Mumbai-I, as per the provisions of the Companies Act, 2013.

In accordance with Section 13 of the Companies Act, 2013, alteration of the Objects Clause of the MOA requires approval by members through a Special Resolution. The Board has confirmed that none of the Directors, Key Managerial Personnel, or their relatives hold any financial or other interest in the proposed Special Resolution, except to the extent of their respective shareholdings in the company. The Board recommends the Special Resolution set out in Item No. 1 of the notice for approval by members. The resolution, if passed by the requisite majority, shall be deemed to have been passed on the last date of e-voting, i.e., Thursday, August 27, 2026.

Balgopal Commercial Ltd has secured listing approval from BSE Limited for 23,38,000 equity shares issued to its promoter group on a preferential basis. The shares, issued at a premium of ₹50 each, were allotted pursuant to the conversion of warrants. This approval is crucial for the company as it allows these shares to be traded on the exchange, subject to final procedural clearances.

The approval was granted via letter number LOD/PREF/AP/FIP/451/2026-27 dated June 29, 2026. The shares bear distinctive numbers ranging from 20910001 to 23248000. The issuance was conducted in accordance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conditions for Trading

While the listing has been approved, trading in these shares will commence only after the company fulfills specific regulatory requirements. Balgopal Commercial must submit confirmation letters from NSDL and CDSL regarding the crediting of shares to beneficiary accounts and the lock-in of pre-preferential holdings, if applicable. Additionally, the company must provide listing approval from the National Stock Exchange of India Ltd., if applicable.

Regulatory Compliance

The company is required to ensure compliance with Regulation 167 of the SEBI (ICDR) Regulations. Furthermore, if the shareholding pattern changes by more than 2% of the total paid-up share capital, the company must file the updated pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

BSE has mandated that the company apply for trading approval within seven working days from the date of the listing approval, as per Schedule XIX of ICDR Regulations and a SEBI circular dated June 21, 2023. Failure to comply with this timeline may result in penalties.

Details of the Allotment