Balmer Lawrie Investments Limited, a Government of India enterprise, has scheduled a board meeting to consider interim dividend payment for the current financial year. The company made this announcement through a formal communication to BSE on March 4, 2026, under scrip code 532485.

Board Meeting Details

The board of directors will convene on Monday, March 16, 2026, with the primary agenda being consideration of interim dividend payment for Financial Year 2025-26. This meeting has been scheduled in compliance with regulatory requirements under SEBI Listing Regulations.

Trading Window Closure

In accordance with the company's insider trading code, Balmer Lawrie Investments Limited has implemented a trading window closure for designated persons and their immediate relatives. This measure ensures compliance with SEBI's Prohibition of Insider Trading Regulations.

Corporate Information

The notification was officially communicated to BSE Limited under scrip code 532485. Company Secretary and Compliance Officer Abhishek Lahoti digitally signed the communication on March 4, 2026. The company operates from its registered office at 21, Netaji Subhas Road, Kolkata - 700 001, maintaining its status as a Government of India enterprise in the investment sector.

Balmer Lawrie Investments Limited has disclosed that BSE Limited imposed a fine of ₹9.88 lakh on the company for non-compliance with SEBI listing regulations during the quarter ended December 31, 2025. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Fine Details and Regulatory Violations

The fine details and nature of violations are outlined below:

Board Composition Issues

The violations stemmed from inadequate board composition during the quarter ended December 31, 2025. The company's board of directors faced several compliance gaps:

• The board comprised of less than 6 directors as required
• Absence of independent directors on the board
• Lack of woman director representation

These deficiencies led to cascading compliance failures across multiple regulatory requirements.

Consequential Non-Compliance Areas

The inadequate board composition resulted in violations across several key governance areas:

• Board Composition: Failed to comply with Regulation 17(1) requirements
• Board Meeting Quorum: Could not meet quorum requirements under Regulation 17(2A)
• Committee Composition: Audit Committee and Nomination and Remuneration Committee compositions violated Regulations 18(1) and 19(1)/19(2)

Financial Impact and Company Response

The company has assessed the financial implications of the regulatory action:

Waiver Request and Regulatory Context

Balmer Lawrie Investments Limited has made representation to BSE Limited seeking waiver of the imposed fine. The company's justification centers on its status as a Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas.

According to Article 96B(1) of the company's Articles of Association, the President of India holds the authority to appoint directors, including independent directors, woman directors, and government nominee directors. The company argues that board composition depends on directions from the administrative ministry, making the non-compliance factors beyond the company's direct control.

Corporate Governance Framework

As a government enterprise, the company operates under a unique governance structure where board appointments are subject to government decisions rather than independent corporate actions. This regulatory framework creates dependencies that can impact compliance with standard listing requirements designed for private sector entities.