Balmer Lawrie & Co , a Government of India Enterprise, has announced significant changes to its board composition with the appointment of five new directors. The appointments, approved at the company's 108th Annual General Meeting held on September 23, 2025, reflect a strategic move to enhance the company's leadership structure.

Key Appointments

1. Amit Bansal (DIN: 10372580) was appointed as Government Nominee Director for a brief period from October 25, 2024, to December 31, 2024. His nomination was subsequently withdrawn by the Administrative Ministry on December 30, 2024.

2. Harishkumar Madhusudan Joshi (DIN: 01201050) joined as a Non-Executive Independent Director effective March 31, 2025, for a one-year term. Mr. Joshi brings over 35 years of experience in managing businesses as an Entrepreneur, Director, Advisor, and Consultant. He is set to head the CSR Committee as Chairman and serve as a member of the Audit Committee and Nomination and Remuneration Committee.

3. Dr. Vandana Minda Heda (DIN: 09402294) was also appointed as a Non-Executive Independent Director from March 31, 2025, for a one-year term. Dr. Heda has a diverse background, including experience in banking and motivational training for corporates.

4. Rajeev Kumar (DIN: 11170401) took on the role of Government Nominee Director from July 1, 2025, with a term extending to June 18, 2028. Mr. Kumar brings over 31 years of experience in various government departments, including the Ministry of Petroleum and Natural Gas.

5. Romon Sebastian Louis (DIN: 08710802) was appointed as Director (Service Businesses) for a five-year term starting August 22, 2025. Mr. Louis, a long-standing employee of Balmer Lawrie, brings nearly three decades of experience with the company and will serve in a salary scale of Rs. 1,60,000-2,90,000.

Board Approval and Compliance

The appointments were approved by the members of the company at the 108th Annual General Meeting. Balmer Lawrie has confirmed that none of the appointees are debarred from holding director positions by any regulatory authority, ensuring compliance with corporate governance standards.

Strengthening Leadership

These appointments are expected to bring diverse expertise to Balmer Lawrie's board. The mix of government nominees, independent directors, and an internal promotion to the director level suggests a balanced approach to governance and strategic direction.

Looking Ahead

With these new additions to its leadership team, Balmer Lawrie appears well-positioned to leverage the diverse experiences and skills of its new directors. The company's focus on strengthening its board composition indicates a commitment to enhancing its corporate governance and strategic capabilities in the coming years.

Balmer Lawrie & Co , a diversified public sector company, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2020, revealing a mixed performance amidst challenging market conditions.

Q3 FY21 Performance Highlights

• Revenue Growth: The company reported a revenue from operations of Rs. 388.46 crore for Q3 FY21, marking a 4.22% increase from Rs. 372.75 crore in the corresponding quarter of the previous year.
• Profit Decline: Net profit for the quarter saw a significant decrease, falling to Rs. 11.75 crore from Rs. 35.84 crore in Q3 of the previous year, representing a 67.22% decline.
• Earnings Per Share: EPS for the quarter stood at Rs. 0.69, down from Rs. 2.10 in the previous year, reflecting the impact on profitability.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2020:

• Revenue Contraction: Revenue from operations decreased to Rs. 1,025.20 crore from Rs. 1,185.61 crore in the previous year, indicating a 13.53% reduction.
• Profit Squeeze: Net profit experienced a substantial drop to Rs. 34.09 crore from Rs. 102.24 crore, showing a 66.66% decrease year-over-year.

Operational Update

The company has taken strategic steps to optimize its operations:

• Closure of the Industrial Packaging plant in Kolkata.
• Implementation of a voluntary retirement scheme for employees, resulting in a cash outgo of Rs. 5.77 crore.

Financial Table: Q3 FY21 vs Q3 FY20

The financial results reflect the challenges faced by Balmer Lawrie & Co in the current economic environment. While the company managed to achieve a modest increase in revenue, the significant decline in profitability highlights the pressures on margins and operational efficiency.

The closure of the Kolkata Industrial Packaging plant and the voluntary retirement scheme indicate that the company is taking proactive measures to streamline its operations and manage costs in response to market conditions.

As Balmer Lawrie navigates through these challenging times, investors and stakeholders will be keenly watching the company's strategies to improve profitability and capitalize on potential growth opportunities in the coming quarters.