Balgopal Commercial forfeits 2.62 lakh warrants, rebrands to Dreamax Group
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Board approved forfeiture of 2,62,000 unexercised convertible warrants held by promoter Sandeep Jindal after the 18-month exercise window ended on 19 July 2026. Of 45 lakh warrants originally allotted at Rs 60 each in January 2025, 42.38 lakh were already converted to equity. The remaining 2.62 lakh lapsed, with about Rs 39.30 lakh subscription money forfeited by the company. No warrants remain outstanding now. The board also approved amending the object clause to make real estate the sole primary business and changed the corporate website and email to dreamaxgroup.com and dremaxgroup.com, signalling a full rebrand.
Forfeited warrants avoid further equity dilution. Company exits old objects and fully rebrands to Dreamax Group, sharpening focus on real estate.