Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ("Listing Regulations") - Decision of the Board of Directors not to recommend the issue of Bonus Shares
BALMLAWRIE · price
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The Board of Directors of Balmer Lawrie & Company Limited, a Government of India Enterprise (CPSE), deliberated on compliance with Ministry of Finance guidelines on Capital Restructuring of CPSEs dated 18th November 2024. After analysis, the board decided NOT to recommend the issue of Bonus Shares. This was an adjourned meeting that resumed and concluded on 17th May 2026. The decision appears to be influenced by government directives applicable to central public sector enterprises, as the company is a CPSE under government control.
This is a negative development for shareholders who were anticipating a bonus shares issue. The stock may see some disappointment-driven pressure as the expected bonus has been officially ruled out.