Balmer Lawrie & Co Ltd has scheduled its 109th Annual General Meeting (AGM) for September 21, 2026. The company will hold the meeting at the Bengal Chamber of Commerce & Industry in Kolkata to transact ordinary business items.

The Board of Directors proposes a final dividend of ₹4.25 per equity share for the financial year ended March 31, 2026. This payout applies to 17,10,03,846 equity shares with a face value of ₹10 each.

Agenda Details

The AGM notice outlines four primary resolutions for shareholder approval:

• Adoption of the audited standalone and consolidated financial statements for FY26.
• Declaration of the final dividend as recommended by the Board.
• Re-appointment of Abhijit Ghosh as a director upon retirement by rotation.
• Fixation of remuneration for statutory and branch auditors for FY27.

Governance and Compliance

The company filed the AGM notice with the National Stock Exchange of India Limited and BSE Limited on August 27, 2026. This submission complies with Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders can access the AGM notice and the Annual Report, including the Business Responsibility and Sustainability Report, on the company’s website. Those without registered email addresses will receive a letter containing the web link, pursuant to Regulation 36(1)(b) of the Listing Regulations.

Kavita Bhavsar, Company Secretary and Compliance Officer, signed the filing. The document also references comments from the Comptroller and Auditor General of India on the financial statements.

Balmer Lawrie & Co. reported a standalone turnover of ₹2,699.27 crore for the financial year ended March 31, 2026, according to its Business Responsibility and Sustainability Report (BRSR). The Central Public Sector Enterprise also disclosed a net worth of ₹1,555.49 crore as on March 31, 2026.

Business Overview

Balmer Lawrie operates across multiple strategic business units (SBUs), with Industrial Packaging contributing 30.80% of total turnover. Logistics Infrastructure and Services followed closely at 29.98%, while Greases & Lubricants accounted for 21.69%. Travel & Vacations contributed 13.77% to the total revenue mix.

Exports remained a minor component of the business, totaling ₹58.27 crore, which represented just 2.16% of total sales. The company serves customers across 28 Indian states/union territories and 6 international countries.

Sustainability Initiatives

The company highlighted a significant push toward renewable energy during FY26. Balmer Lawrie installed 1,496 kWp of solar capacity across its facilities. The report noted an approximate 60% increase in renewable energy usage compared to FY25 values.

Key environmental targets disclosed include:

• Achieving Net Zero across own operations by FY45
• Sourcing 50% of energy from renewable sources by FY35
• Becoming water positive across India operations by FY35
• Generating 25% of revenue from green products and services by FY35

Environmental Metrics

Total energy consumption rose to 236.31 TJ in FY26, up from 184.56 TJ in FY25. This increase was driven by higher consumption from non-renewable sources (232.76 TJ) alongside growth in renewable electricity consumption (3.54 TJ vs 2.20 TJ).

Greenhouse gas emissions (Scope 1 and Scope 2) totaled 27,503 tonnes of CO2 equivalent in FY26, compared to 20,408 tonnes in FY25. Scope 1 emissions stood at 10,206 tonnes, while Scope 2 emissions were 17,297 tonnes.

Water withdrawal increased to 96,726 kilolitres from 66,933 kilolitres in the prior year, with third-party municipal water and tankers constituting the majority of the source.

What the Numbers Show

The divergence between revenue growth and emission intensity warrants attention. While turnover reached ₹2,699.27 crore, total GHG emissions (Scope 1 + 2) grew at a faster pace than revenue, rising from 20,408 tonnes to 27,503 tonnes. This suggests that operational expansion or changes in the business mix may have outpaced the decarbonisation efforts from new solar installations during the period.

Governance and Compliance

Balmer Lawrie faced regulatory penalties from both BSE and NSE regarding board composition norms. The exchanges imposed fines for periods where the number of Non-Executive/Independent Directors fell below statutory limits and for the absence of a Woman Director. The company attributed these non-compliances to its status as a Government Company, stating that board composition depends on directions from the Administrative Ministry.

Customer complaints totaled 3,788 in FY26, up from 2,745 in FY25. The report clarified that the Travel & Vacations SBU accounted for the largest share, primarily concerning routine service matters such as account and website issues.