Disclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) Cessation of directorship of Shri Harishkumar Madhusudan Joshi (DIN: 01201050) as a Non-Executive Director in the designation of Independent Director of the Company with effect from 28th March, 2026 owing to completion of his tenure
BALMLAWRIE · price
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Balmer Lawrie & Co. Ltd., a Government of India enterprise under the Ministry of Petroleum & Natural Gas, has informed stock exchanges that two Non-Executive Independent Directors — Shri Harishkumar Madhusudan Joshi (DIN: 01201050) and Dr. Vandana Minda Heda (DIN: 09402294) — have ceased to be on the board with effect from 28th March, 2026. Both were appointed for a one-year term from 28th March, 2025, and their exit is due to the natural completion of that tenure. The company had earlier obtained shareholder approval for their appointment, which was valid until further orders from the Administrative Ministry. The required disclosure under Regulation 30 of SEBI LODR has been filed with NSE and BSE.
This is a routine, pre-scheduled end of a one-year independent director tenure with no negative governance implications. Shareholders should expect the Ministry of Petroleum & Natural Gas to appoint replacements; until then, the board's independent director strength will be reduced.