Balgopal Commercial Ltd has announced board approval for the purchase of land parcels in Rajarhat, Kolkata, worth Rs 6.5 million. The acquisition, executed with Navdurga Niwas Pvt Ltd, is aimed at expanding the company’s business operations and was finalized at arm’s length, ensuring compliance with SEBI regulations.
Balgopal Commercial Ltd, has disclosed that its Board of Directors approved a significant land purchase in Rajarhat, North 24 Parganas, Kolkata. The decision, taken during the board meeting on February 20, 2026, follows recommendations from the Audit Committee and aligns with the company’s expansion strategy.
The acquisition involves two parcels of land measuring 4 and 6 decimals, with existing constructions of 100 sq. ft and 400 sq. ft respectively. The total consideration stands at Rs 65,00,000, reflecting the company’s intent to strengthen its operational base in one of Kolkata’s fastest-growing commercial hubs.
Key Highlights
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Agreement executed with Navdurga Niwas Pvt Ltd, beneficially owned by company promoter Mr. Sandeep Jindal
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Transaction classified as a related party deal but confirmed to be at arm’s length and in the ordinary course of business
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Purchase intended to support expansion of business operations in Rajarhat, a region witnessing rapid commercial growth due to IT hub development and metro connectivity
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No shareholding, special rights, or capital structure restrictions involved in the agreement
This acquisition underscores Balgopal Commercial Ltd’s strategic focus on leveraging Kolkata’s evolving commercial landscape. Rajarhat has emerged as a high-value business district, with infrastructure projects and IT investments driving demand for commercial land. The company’s move positions it to capitalize on this momentum while maintaining regulatory transparency.
Sources: BSE filing by Balgopal Commercial Ltd