Balgopal Commercial limited

Operates as a trading and construction company that is pivoting its main business to real estate development. Revenue from operations in FY26 was Rs. 0.24 lakh, down from Rs. 5.59 lakh in FY25, with the standalone entity posting a loss of Rs. 90.04 lakh (consolidated loss of Rs. 88.51 lakh), largely driven by Rs. 109.29 lakh of unrealised losses on fair-value changes of investments. The board has approved amending the MOA to make real estate its sole main object, deleting the historical trading and investment sub-clauses, and has re-branded its web presence to dreamaxgroup.com. In May 2026, it entered a Joint Development Agreement with M/s. Viraj Enterprises (Juhu) for redevelopment of an approximately 1609.20 square metre property in Juhu, Mumbai under the Slum Rehabilitation Authority scheme, in which it holds an 85% share and will receive 85% of net sale proceeds while funding the entire project cost. A refundable security deposit of Rs. 15 crore has been paid to the developer. Consolidated inventories rose sharply to Rs. 382.87 million in FY26, consistent with property stock build-up for the real estate pivot. Materials spend in FY26 was Rs. 12.51 crore against negligible revenue, reflecting this inventory accumulation rather than matched trading activity.