Both .balign and .align seem to align relatively to the first code in the
module, not to 0. For example, in a program that only contains
void main(void) {asm(".align 15 ; add %%eax,%%eax":::"%eax");}
the add will be placed at address (_main + 0x8000), not (0x8000) as you could
expect. The same thing applies to variables aligned with
__attribute__((aligned)). This is a problem, since access to misaligned
variables can be up to eight times slower than access to aligned ones.

This report is about GCC, not DJGPP.  We cannot correct genuine
GCC bugs.  This should be reported to GCC/Binutils maintainers.