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

Balgopal Commercial Limited has entered a Joint Development Agreement with M/s. Viraj Enterprises (Juhu) for a real estate redevelopment project in Juhu, Mumbai, under the SRA Scheme. Following Audit Committee input and Board approval, Balgopal will fund the project and pay a ₹15 Cr refundable, interest-free security deposit. The venture ratio for net receivables is 85% for Balgopal and 15% for Viraj Enterprises. This related party transaction, approved by shareholders, aims to strengthen the company's real estate presence, optimize land use, and enhance shareholder value through long-term business opportunities and sustainable revenue.