Balgopal Commercial forfeits 2.62 Lakh Warrants, Rs 39.3 Lakhs forfeited

Balgopal Commercial Ltd announced the outcome of its Board Meeting held on July 25, 2026. The board approved the forfeiture of 2,62,000 unexercised convertible warrants, originally allotted on January 20, 2025. These warrants were part of a preferential allotment of 45,00,000 warrants at an issue price of Rs. 60 each. The holders were required to pay 25% upfront and the remaining 75% within 18 months. While 42,38,000 warrants were converted, the remaining 2,62,000 lapsed on July 19, 2026, as the balance payment was not received. Consequently, the company forfeited the subscription money received for these warrants, amounting to Rs. 39,30,000. The board also approved an amendment to the object clause of the Memorandum of Association, subject to shareholder approval.