Balmer Lawrie & Company Limited — Others, 30-05-2025: Action(s) initiated or orders passed

Balmer-Laurie & Co. Ltd. has been fined Rs. 14.11 lakh each by BSE and NSE for non-compliance in its Board composition during Q4 FY25, including fewer than six directors, absence of Independent, Woman, and Independent Woman Directors, and less than 50% Non-Executive Directors for part of the quarter. These issues stem from Board appointments being controlled by the Ministry of Petroleum & Natural Gas due to its government enterprise status. The company has requested waiver of the fines, with no expected operational or financial impact.