Balmer Lawrie & Company Limited — Important, 07-01-2025: General Updates

The Board of Directors of Balmer Lawrie & Co. Ltd. has addressed the fines imposed by BSE and NSE due to non-compliance with certain listing regulations for the quarter ending September 30, 2024. The Board noted that the company, as a Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, faced these compliance challenges due to factors outside its control, particularly related to its governance structure. The company has formally requested a waiver of the imposed fines, confirming its position in the process. This situation highlights potential operational challenges for the company and warrants close monitoring by investors.