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Balmer Lawrie & Co. Ltd. has announced a board meeting to address the fines imposed by the BSE and NSE due to non-compliance with certain listing regulations for the quarter ended 31st December 2024. The Board acknowledged that the company's status as a Central Public Sector Enterprise limits its control over board composition, which contributed to the compliance issues. The company has filed for a waiver of the fines, emphasizing that the non-compliance was beyond its control. This situation may pose potential risks for investors, but the company's proactive stance might instill some confidence in its governance challenges.