Balgopal Commercial Allots 23.38 Lakh Equity Shares Post Warrant Conversion

Balgopal Commercial Ltd announced the allotment of 23,38,000 equity shares following the conversion of warrants by the promoter group. The conversion was executed by Sandeep Jindal, who exercised his option for 23,38,000 warrants, paying the balance 75% of the issue price. This allotment increases the company's paid-up equity share capital to 2,32,48,000 shares amounting to INR 23,24,80,000. The newly issued shares will rank pari-passu with existing shares. The company will apply for listing and trading approval for these new shares.