Mark Corporate Advisors Private Limited ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board ....
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Mark Corporate Advisors, the Manager to the Offer, has submitted the Offer Opening Public Announcement to BSE for an Open Offer to acquire up to 49,43,000 equity shares (26% of the Emerging Voting Share Capital) of Balgopal Commercial Limited at ₹60 per share, aggregating to about ₹29.66 crore in cash. The acquirers are Mr. Sandeep Jindal, Allied Commodities Private Limited, and Prompt Vanijya LLP, along with PACs Basudev Dealers LLP and Mr. Vijay Laltaprasad Yadav. The Committee of Independent Directors (IDC) has recommended the offer as fair and reasonable, and there is no competing bid. The tendering period runs from April 11, 2025 to April 28, 2025, with payment expected by May 14, 2025. The offer follows a preferential issue and underlying transaction that has already received shareholder and BSE approvals.
Public shareholders of Balgopal Commercial can tender their shares at ₹60 per share during the tendering window (April 11–28, 2025). Post-offer, the acquirers will gain control and join the promoter group, while the existing promoters will seek reclassification as public shareholders, which could materially change the shareholding structure and governance of the company.