Balmer Lawrie & Company Limited — Important, 16-05-2025: Closure of operations

Balmer Lawrie will close its Refinery and Oil Field Services unit by September 30, 2027. The unit accounted for 1.7% of turnover (Rs 39.68 Cr), 0.02% of income, and 0.17% of net worth in FY24. Due to ongoing losses and a shrinking market, the company will redirect focus and resources to more profitable areas.