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An announcement from Balmer Lawrie & Co. Ltd. ( (IN:BALMLAWRIE) ) is now available.
Balmer Lawrie & Co. Ltd. has been fined by BSE Limited and the National Stock Exchange of India Limited for non-compliance with certain listing regulations for the quarter ending September 30, 2025. The fines, totaling Rs. 10,90,320, were imposed due to the company’s board not having the required number of non-executive directors and independent directors. The company has argued that these non-compliances were due to factors beyond its control, as the composition of its board is influenced by the Ministry of Petroleum & Natural Gas. Balmer Lawrie has made representations to the stock exchanges seeking a waiver of the fines.
More about Balmer Lawrie & Co. Ltd.
Balmer Lawrie & Co. Ltd. is a Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum & Natural Gas. The company operates in various sectors including industrial packaging, greases and lubricants, chemicals, travel and vacations, logistics, and refinery and oil field services.
Average Trading Volume: 22,743
Technical Sentiment Signal: Hold
Current Market Cap: 32.12B INR
For a thorough assessment of BALMLAWRIE stock, go to TipRanks’ Stock Analysis page.