Balmer Lawrie & Co. Ltd. Announces Cessation of Two Independent Directors Following Tenure Completion

Balmer Lawrie & Co . Ltd., a Government of India enterprise, has announced the cessation of directorship of two Independent Directors with effect from 28th March, 2026. The company disclosed this development to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Regulations.

Directors' Tenure Completion

The cessation affects two key Independent Directors who have completed their respective tenure:

Director Details:	Information
Shri Harishkumar Madhusudan Joshi:	DIN: 01201050
Dr. Vandana Minda Heda:	DIN: 09402294
Designation:	Non-Executive Independent Directors
Cessation Date:	28th March, 2026
Reason:	Completion of tenure

Both directors were serving in their capacity as Non-Executive Directors with Independent Director designation until the completion of their tenure on 28th March, 2026.

Background of Appointments

The company had previously communicated to stock exchanges on 25th September, 2025, regarding shareholder approval for the appointment of both directors. Their appointment was for a specific duration and terms:

Appointment Parameters:	Details
Initial Appointment Date:	28th March, 2025
Tenure Duration:	One year
Appointing Authority:	Ministry of Petroleum & Natural Gas, Government of India
Reference Number:	CA-31033/2/2021-PNG (39069)
Tenure Condition:	Until further order from Administrative Ministry, whichever is earlier

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Kavita Bhavsar signed the regulatory filing on 28th March, 2026.

The company has provided detailed annexure information as required under the applicable SEBI regulations and circulars. The cessation represents a routine corporate governance matter following the natural completion of the directors' appointed tenure period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.93%	-4.34%	-12.62%	-25.14%	-13.64%	+22.88%

Board Appointment Details

The appointment was formalized through a Board of Directors resolution by circulation dated March 17, 2026, and passed on March 18, 2026. The decision followed a recommendation from the Nomination and Remuneration Committee and was made pursuant to a letter bearing reference no. CA-31022/1/2021-CA-PNG (37493) dated March 9, 2026, received from the Ministry of Petroleum and Natural Gas.

Parameter:	Details
Appointee:	Shri Aditya Shekhar Singh
DIN:	11606166
Position:	Non-Executive Additional Director
Designation:	Government Nominee Director
Effective Date:	March 18, 2026
Term:	Until next General Meeting
Administrative Ministry Term:	Until March 8, 2029 or further orders

Professional Background

Shri Aditya Shekhar Singh currently serves as Deputy Secretary (General Coordination & Flagship Program) in the Ministry of Petroleum and Natural Gas. In this role, he oversees coordination activities within the Ministry and manages the implementation of procurement policies related to 'Make in India' initiatives.

His responsibilities encompass various strategic areas including:

Implementation of 'Make in India', 'Start-Up', and 'Aatmanirbhar Bharat' initiatives for oil & gas CPSEs
Matters related to Global Tender Enquiry and MSMEs
Operations of Indian Institute of Petroleum Energy (IIPE) and Rajiv Gandhi Institute of Petroleum & Technology (RGIPT)
Skill Development Initiatives of the Ministry

Educational Qualifications and Experience

Singh holds a Master of Management Studies (MMS) in Financial & HR Management and brings 26 years of extensive experience in government operations. His career spans multiple ministries and departments within the Government of India, including:

Ministry/Department:	Areas of Work
Ministry of Defence:	Operational/work services related matters of Indian Air Force
Department of Financial Services/Ministry of Finance:	Agriculture Credit of Public Sector Banks, Banking operations
Ministry of Minority Affairs:	Debt Recovery Tribunals, NPA monitoring, minority schemes

His diverse experience includes monitoring Non-Performing Assets (NPAs) of all Public Sector Banks, managing minority scholarship and fellowship programs, and handling administrative matters related to Haj operations.

Regulatory Compliance

The company has confirmed that Shri Aditya Shekhar Singh is not debarred from holding the office of Director by virtue of any order of SEBI or any other regulatory authority. The appointment disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also disclosed that Singh does not have any inter-se relationship with other Directors of the Company, ensuring independence in his role as Government Nominee Director. The appointment is subject to approval by shareholders at the next General Meeting of the Company.