Balmer Lawrie Investments Ltd. has announced that its Board of Directors has decided not to recommend the splitting of the company's equity share capital. The decision was taken during a Board meeting convened on May 21, 2026, to evaluate the feasibility of a capital restructuring in accordance with regulatory guidelines.

Board Decision and Regulatory Review

The Board reviewed the Consolidated Guidelines on general principles and mechanism for Capital Restructuring of Central Public Sector Enterprises (CPSEs). These guidelines were issued by the Ministry of Finance, Department of Investment and Public Asset Management (DIPAM), via Office Memorandum no. F.No. 5/2/2016-Policy dated November 18, 2024.

Following the deliberation, the Board noted that the specific threshold mentioned in the DIPAM Guidelines for considering a split-off of shares was not triggered. Additionally, it was observed that the mandatory cooling off period since the last split-off shares had not yet concluded.

Outcome of the Meeting

In light of these factors, the Board formally decided against recommending the splitting of the equity share capital. The meeting, which commenced at 04:30 p.m., concluded at 6:00 p.m. on the same day. This disclosure was made to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Balmer Lawrie Investments Ltd. has informed the stock exchanges that its Board of Directors has decided not to recommend the issue of bonus shares. The decision was taken during a meeting held on May 21, 2026, following a review of the regulatory framework governing capital restructuring for Central Public Sector Enterprises (CPSEs).

The Board deliberated on the Consolidated Guidelines on general principles and mechanism for Capital Restructuring of CPSEs. These guidelines were issued by the Ministry of Finance, Department of Investment and Public Asset Management (DIPAM), via an Office Memorandum dated November 18, 2024.

Upon analysis, the Board noted that the minimum threshold stipulated for considering a bonus share issue was not triggered. Consequently, the directors resolved not to move forward with the proposal.

The meeting, which commenced at 04:30 p.m., concluded at 6:00 p.m. on the same day. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Meeting Details