Balmer Lawrie & Company Limited — Important, 03-07-2025: Updates

Balmer Lawrie has announced a board meeting to consider the financial results for the quarter and half-year. The audit flagged a suspected fraud of Rs 190.25 lakh involving payments to a vendor without services rendered; this amount is provided for and under investigation, with controls being strengthened. Tax disputes persist, and unadjusted debtor credits over three years remain, with ongoing reconciliations. A Rs 5.84 Cr impairment loss was recognized on loss-making warehousing assets. Internal controls are adequate except for weaknesses in payment verification at the Northern Region logistics unit. No loans were restructured or written off.