Balmer Lawrie Investments concluded its 25th Annual General Meeting on September 21, 2026, with all six proposed resolutions passing via e-voting. The meeting, conducted through video conferencing, approved FY26 financial statements and key board changes.

While the promoter group voted unanimously in favor of all items, public institutional shareholders registered significant dissent on specific governance matters. This divergence was most pronounced in the reappointment of a director and the appointment of two government nominee directors.

Voting Results Overview

The scrutinizer’s report confirms that remote e-voting and electronic voting during the meeting resulted in the passage of all ordinary and special business items. The total number of shares polled ranged between 134.5 million and 134.6 million across the six resolutions.

Key Resolutions Approved

Shareholders voted on six resolutions covering ordinary and special business. The Board proposed these items for consideration during the meeting.

Ordinary Business

The following resolutions were passed as part of the ordinary business agenda:

• Adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026
• Declaration of final dividend for FY26
• Reappointment of Saurav Dutta as Director upon retirement by rotation
• Fixation of remuneration for statutory auditors for FY27

Special Business

The meeting also addressed special business items involving board appointments. The members approved the appointment of two Government Nominee Directors pursuant to letters from the Ministry of Petroleum & Natural Gas, Government of India.

Aditya Shekhar Singh (DIN: 11606166) Appointed as Government Nominee Director with effect from August 13, 2026. He serves as Deputy Secretary (General Coordination & Flagship Program) in the Ministry of Petroleum and Natural Gas. Singh holds a Master of Management Studies in Finance & HR Management and has approximately 26 years of experience in various government ministries, including Defence, Finance, and Minority Affairs. His term is for three years from the date of nomination (August 4, 2026), on a co-terminus basis or until further orders from the Administrative Ministry.

Romon Sebastian Louis (DIN: 08710802) Appointed as Government Nominee Director with effect from August 13, 2026. Louis has been associated with Balmer Lawrie & Co. Ltd., a subsidiary of the company, for nearly three decades, joining in 1998. He holds a Postgraduate degree in Marketing & Sales Management and a Bachelor's degree in Commerce. With a 31-year career focused on logistics solutions and infrastructure, he previously served as Executive Director (Logistics Infrastructure & Cold Chain) at Balmer Lawrie & Co. Ltd. His tenure mirrors that of Mr. Singh, lasting three years from nomination on a co-terminus basis.

What the Numbers Show

The voting data reveals a clear split in shareholder sentiment based on investor category. While the promoter group (holding 132.46 million shares) voted 100% in favor across all resolutions, public institutions (holding 2.09 million shares) opposed three specific governance items.

For the reappointment of Saurav Dutta, public institutions cast 1.62 million votes against, representing 80.33% of their total votes polled on that item. Similarly, for the appointment of both Aditya Shekhar Singh and Romon Sebastian Louis as Government Nominee Directors, public institutions voted against with approximately 87% of their votes polled. In contrast, public non-institutional shareholders largely supported these appointments, with over 95% voting in favor. The overall high approval rates were driven by the overwhelming weight of the promoter group's votes, which constitute roughly 59.7% of the total outstanding shares.

Voting Process

The Company offered remote e-voting from September 17 to September 20, 2026. Members present via video conferencing could also vote electronically if they had not cast remote votes earlier. Navin Kothari of M/s. N. K & Associates served as the scrutinizer for the voting process.

The Chairman addressed queries from registered speakers regarding the Annual Report for FY26. The meeting concluded at 4:56 pm after all resolutions were discussed and approved.

Balmer Lawrie Investments has declared a final dividend of ₹2.27 per equity share for the financial year ended March 31, 2026. The payout applies to 22,19,72,690 equity shares with a face value of ₹1 each.

The company scheduled its 25th Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will be conducted through video conferencing or other audio-visual means without physical attendance, in compliance with Ministry of Corporate Affairs circulars.

Meeting and Voting Details

The AGM begins at 4:00 pm IST. Shareholders holding shares as of the record date are eligible to participate. The notice and integrated annual report for FY26 will be sent electronically to members who registered email addresses by August 14, 2026.

Remote e-voting commences on Thursday, September 17, 2026, at 9:00 am and ends on Sunday, September 20, 2026, at 5:00 pm. Members holding physical shares or those without registered emails can vote via the remote system or during the meeting.

Dividend Record Date

The record date for determining dividend eligibility is fixed as Monday, September 14, 2026. Dividends will be paid within 30 days of declaration to shareholders holding shares on this date.

Shareholders with shares in the Suspense Escrow Demat Account due to share splitting must claim these shares by submitting requisite documents to the Registrar and Share Transfer Agent, MUFG Intime India Private Limited.