Balgopal Commercial Ltd
🏗️ Balgopal Commercial Expands with Strategic Land Acquisition – Key Details Inside
- Balgopal Commercial Ltd acquires 100% of Dreamax Estates Private Limited (DEPL), making it a wholly owned subsidiary.
- DEPL holds 4.23 acres of land valued at ₹9.51 crore, enhancing Balgopal’s construction and real estate business.
- Total acquisition cost: â‚ą1 lakh for 10,000 equity shares + â‚ą9.51 crore for the land.
- DEPL was incorporated in May 2024 and has not yet commenced operations, resulting in zero turnover for FY 2024-25.
- The deal is a related-party transaction (MD Vijay Laltaprasad Yadav is also a director in DEPL).
- Expected completion date: Before March 31, 2026.