Balgopal Commercial Allots 23.38 Lakh Equity Shares on Warrant Conversion

Balgopal Commercial Ltd has approved the allotment of 23,38,000 equity shares following the conversion of warrants. These warrants were initially allotted on a preferential basis. The conversion was exercised by the warrant holder, belonging to the promoter group, who paid the balance 75% of the issue price. This allotment increases the company's paid-up equity share capital to ₹23,24,80,000 from ₹20,91,00,000. The newly issued shares will rank pari-passu with existing equity shares.