The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Jindal & PACs
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Sandeep Jindal along with PACs (Allied Commodities Pvt Ltd, Basudev Dealers LLP, and others) acquired 21,64,890 equity shares (11.39% of total share capital) of Balgopal Commercial Ltd through an open offer on May 7, 2025. The open offer was triggered by a preferential allotment of 25,00,000 shares to Allied Commodities Pvt Ltd. The combined holding of the acquirer and PACs increased from 1,09,70,922 shares to 1,31,35,812 shares, representing about 69.1% of the company's total share capital. The total share capital of the company is Rs. 19.01 crore (1,90,10,000 shares of Rs. 10 each).
This is a promoter-group acquisition via a mandatory open offer, significantly increasing the promoters' consolidated stake in the company. Shareholders should note the change in control dynamics and the increased promoter holding, which may reduce public float and liquidity in the stock.