Balgopal Commercial Limited's Board of Directors held a comprehensive meeting on March 6, 2026, at the company's registered office in Mumbai, approving multiple strategic proposals that require shareholder consent. The meeting, which commenced at 11:00 AM and concluded at 1:00 PM, addressed significant corporate governance and financial matters.

Key Financial Approvals

The board sanctioned several important financial proposals during the meeting. The most significant decision involved increasing the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013.

The board also approved entering into material related party transactions with associated entities, requiring shareholder approval under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the board decided against enhancing limits under Section 186 of the Companies Act, 2013, at present.

Corporate Restructuring and Leadership Changes

A major corporate decision involved approving the company's name change from "Balgopal Commercial Limited" to "Dreamax Ventures Limited," subject to Ministry of Corporate Affairs approval and other regulatory clearances. This change will require consequential alterations to the company's Memorandum of Association and Articles of Association.

The board recommended regularizing Mrs. Rashmi Bihani, who was appointed as Additional Non-Executive Independent Director on February 12, 2026, for a five-year term subject to shareholder approval.

Extraordinary General Meeting Details

To seek shareholder approval for these proposals, the board scheduled an Extraordinary General Meeting with specific procedural arrangements.

The remote e-voting facility will be available from Friday, March 27, 2026, at 9:00 AM until Sunday, March 29, 2026, at 5:00 PM. CS Nitesh Chaudhary, a Practicing Company Secretary, has been appointed as the Scrutinizer to oversee both remote e-voting and the voting process during the EGM.

Regulatory Compliance

All proposed resolutions comply with relevant provisions of the Companies Act, 2013, and SEBI regulations. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing BSE Limited about the board meeting outcomes. The meeting was conducted at the company's registered office located at Crescent Royale, Andheri West, Mumbai, ensuring proper corporate governance protocols.

Balgopal Commercial Limited has announced a strategic acquisition that will strengthen its real estate portfolio. The Board of Directors approved the acquisition of 100% shareholding in Dreamax Estates Private Limited on January 21, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The acquisition involves purchasing the entire shareholding of Dreamax Estates Private Limited (DEPL), making it a direct wholly owned subsidiary of Balgopal Commercial Limited. The transaction structure includes both equity acquisition and land assets.

Target Company Profile

Dreamax Estates Private Limited was incorporated on May 21, 2024, under the Companies Act, 2013. The company operates in the builder and landowner segment, holding significant land assets in Pune.

Strategic Rationale

The acquisition aligns with Balgopal Commercial's core construction and real estate activities. The company aims to leverage the acquired land bank for future real estate development projects. The land assets, situated at Gut No. 146/1, 149 and 173 in Village Waksai, provide strategic expansion opportunities.

Key benefits of the acquisition include:

• Enhanced business operations in allied real estate segment
• Expanded land bank for future development
• Improved project pipeline
• Long-term value creation potential

Transaction Structure

The acquisition qualifies as a related party transaction, as Mr. Vijay Laltaprasad Yadav, Managing Director of Balgopal Commercial Limited, serves as a Director in Dreamax Estates Private Limited. The company has confirmed that the transaction is conducted on an arm's length basis.

Business Impact

The acquisition is expected to support business expansion without any material adverse impact on the company's operations or financial position. Since Dreamax Estates operates in an allied line of business, the integration should complement existing construction and real estate activities. The company anticipates that this strategic move will enhance its competitive position in the real estate development sector.