Resignation of Mrs. Shrena Kalpesh Shah
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Balgopal Commercial Ltd held a board meeting on February 12, 2026. Non-Executive Independent Director and Chairperson Mrs. Shrena Kalpesh Shah resigned due to pre-occupation, effective the same day. Mrs. Rashmi Bihani (Chartered Accountant) was appointed as Additional Independent Director for a 5-year term, subject to shareholder approval. Managing Director and promoter Mr. Vijay Yadav was named the new Board Chairperson, and all three board committees were reconstituted accordingly. M/s R P S & Associates was appointed as Internal Auditor for FY26. For Q3 FY26 (standalone), the company reported a profit of Rs 58.7 lakh versus a Rs 16.3 lakh loss in the previous quarter, though 9-month standalone profit of Rs 2.1 crore was sharply lower than Rs 10.7 crore in the same period last year. Consolidated 9-month profit fell to Rs 2.33 crore from Rs 10.5 crore YoY.
Board continuity is maintained with a like-for-like replacement of the Independent Director and Chairperson. The sharp YoY decline in 9-month profits is a red flag for investors, though the small-cap, thinly-traded nature of the stock limits broader market reaction.