Disclosure as per Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 received from M/s. Basudev Dealers LLP
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M/s. Basudev Dealers LLP, a promoter group entity of Balgopal Commercial Ltd, acquired 10,90,962 equity shares (5.74%) of the company at Rs. 60 per share, totaling Rs. 6,54,57,720. The acquisition was carried out through an open offer on BSE on 7th May 2025. As a result, the promoter group's holding increased from 12.98% (24,66,912 shares) to 18.72% (35,57,874 shares). The disclosure was filed under Regulation 7(2) of SEBI Insider Trading Regulations by Sandeep Jindal, Designated Partner of the LLP.
This signals promoter group confidence and a stronger commitment to the company. The open market/open offer purchase at Rs. 60 per share establishes a recent transaction price reference for the stock, and the increased promoter holding (now 18.72%) may be viewed positively by retail investors as it reduces free float and shows insider conviction.