Disclosure on acquisition of 100% shareholding of M/S Dreamax Estates Pvt Ltd
Price
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Awaiting price reaction for this filing.
Balgopal Commercial Ltd's board has approved acquiring 100% of Dreamax Estates Private Limited (DEPL), making it a wholly owned subsidiary. DEPL holds about 4.23 acres of land in Village Waksai, Pune (Maval area), valued at ₹9.51 crore, but has not yet started business operations (turnover nil, paid-up capital just ₹1 lakh). Total deal value is about ₹9.52 crore — ₹1 lakh for the shares at face value plus ₹9.51 crore for the underlying land. The acquisition is in cash and is expected to close before 31 March 2026. The deal is a related-party transaction since Balgopal's Managing Director, Mr. Vijay Laltaprsad Yadav, is also a director in DEPL, though the company says it is done at arm's length.
The acquisition strengthens Balgopal's real estate land bank with a Pune-located asset, supporting future project pipeline and business expansion. Since DEPL is unlisted, loss-making, and very small, no open offer is triggered; shareholders should watch for the final deal cost and how the land is monetised going forward.