Balgopal Commercial Limited shareholders unanimously approved a special resolution to change the company's name to Dreamax Enterprises Limited during its 44th Annual General Meeting held on September 30, 2026. The move marks a significant corporate identity shift for the Mumbai-based entity.

The meeting, which concluded in just 20 minutes, saw all 11 resolutions passed with overwhelming support from remote e-voting participants. Key approvals included the appointment of two new Independent Non-Executive Directors and the ratification of material related party transactions with four distinct entities.

Board restructuring and governance updates

Shareholders approved the appointment of Mr. Amit Bharat Agrawal and Mr. Prakash Shyamsundar Modi as Independent Non-Executive Directors via special resolutions. Additionally, Mr. Premkumar Pawankumar Goyal was appointed as a Non-Executive Director through an ordinary resolution. Mr. Navaneet Lal Damani was re-appointed as a director liable to retire by rotation.

The board composition changes coincide with the approval of several related party transactions. Members ratified deals with Prompt Vanijya LLP, Basudev Dealers LLP, Intellect Infra Equipments Private Limited, and Dreamax Developers Private Limited. These transactions were approved by ordinary resolution, indicating standard operational engagement rather than exceptional capital events.

Capital structure adjustments

An ordinary resolution to increase the authorized share capital of the company was also passed. This amendment to the Memorandum of Association provides the company with greater flexibility for future equity issuance. Notably, this was the only resolution that recorded a single vote against, although it still passed with 99.9999% support among those voting.

What the numbers show

Voting participation remained low relative to the total shareholder base. Out of 1,455 shareholders on record, only 35 cast votes through remote e-voting, representing 1,344,907 shares. This accounts for approximately 5.78% of the total outstanding shares of 23,248,000. The promoter group, holding 12,873,812 shares, did not participate in the voting process, leaving the outcome entirely dependent on public non-institutional investors who voted 100% in favor of all resolutions except the capital increase.

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.