Pursuant to Reg 30 of SEBI LODR Regulation, 2015, we would like to inform that Dreamax Buildtech Pvt Ltd, wholly owned subsidiary has entered into Joint Development agreement with Aakshya ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Balgopal Commercial Ltd's wholly owned subsidiary, Dreamax Buildtech Pvt Ltd, has signed a Joint Development Agreement (JDA) with Aakshya Ara Developers LLP on March 12, 2026 for a real estate project. The project covers 3,770.80 sq metres of land at Survey No. 292, CTS No. 639, Kurla (GTB Nagar, Lalbaug, Mumbai). The JV/development ratio is 40:60 between Dreamax Buildtech and Aakshya Ara Developers. Aakshya Ara will pay an interest-free adjustable security deposit of Rs 40 crore (Rs 30 crore on execution, Rs 10 crore on handover) and bear 100% of construction costs, with the project to be completed within 48 months of land handover. The transaction is not a related party deal, and the subsidiary is insulated from operational and legal risks post-handover.
The deal brings in Rs 40 crore of upfront cash inflow to the subsidiary without exposing the company to construction risk, potentially boosting revenue visibility for Balgopal Commercial shareholders. However, the small-cap nature of the listed entity and lack of clarity on the developer's track record warrant cautious evaluation of the real value unlocked.