Balgopal Commercial: Promoter Sandeep Jindal Forfeits 2.62 Lakh Warrants

Sandeep Jindal, a promoter of Balgopal Commercial Limited, has submitted a disclosure regarding the forfeiture of 2,62,000 warrants. These warrants were part of a preferential allotment of 40,00,000 warrants on January 20, 2025. While 37,38,000 warrants were converted, the remaining 2,62,000 lapsed on July 19, 2026, and were subsequently forfeited by the company via a board resolution on July 25, 2026. This forfeiture reduces the total holding of warrants by the acquirer and PACs, impacting their potential diluted shareholding.