Balmer Lawrie Investments Ltd — Updates, 30-05-2025: Company Update

Balmer Lawrie Investments Ltd. has announced a fine of Rs. 11.92 lakh imposed by BSE for non-compliance with board composition norms during the quarter ended March 2025. The company’s Board had fewer than six directors, lacking independent and woman directors, affecting committee structures and meeting quorum requirements. As a Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, the Board’s composition depends on government appointments, limiting the company’s control over these non-compliances. The company plans to seek waiver of the fine, which currently stands as a contingent liability.