Balgopal Commercial Ltd — Important, 22-05-2026: Company Update

Balgopal Commercial Limited confirmed that the Rs. 8.55 Cr raised through the preferential issue of shares (conversion of warrants) was fully utilized for its intended purposes. The company reported no deviation or variation in how these funds were deployed for the quarter, aligning with original plans to acquire/invest in similar business activities, meet long-term funding needs, cover working capital, and for general corporate purposes to support future growth. This update provides transparency on fund utilization.