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Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.
Balmer Lawrie incurred a fine of 0.14 Cr from BSE due to board composition non-compliance last quarter, including insufficient independent and women directors. The company blames government director appointments and is seeking a waiver.
Company's Board appointed Adv. Dominic Tadar and CA Vivek Mittal as Additional Non-Executive Independent Directors. The 109th AGM Notice and Annual Report for FY25-26 will be revised to reflect these board changes.
Balmer Lawrie announced strong first quarter results. Net income rose 9.82% to Rs. 752.54 Cr. PBT increased 4.98% to Rs. 79.12 Cr, and PAT grew 3.09% to Rs. 57.66 Cr.
Balmer Lawrie's Board approved the 109th AGM, its notice, and Annual Report. Key dates were set for final dividend (if declared at AGM) and e-voting. Dividend payment, if approved, will occur within 30 days post-AGM. #BalmerLawrie #AGM #Dividend
Chemmanur Credits is set to raise up to ₹150 Cr via secured NCDs, offering yields up to 12.68%. Meanwhile, Indian Bank initiates an e-auction of properties with a ₹3.73 Cr reserve price to recover ₹2.47 Cr in overdue loans.