Disclosure under Regulation 30 read with Point 20 (b) of Para A of Part A of Schedule III of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ( Listing Regulations ) Fines imposed by BSE Limited on the Company for the quarter ended on 31st December, 2025
BALMLAWRIE · price
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BSE Limited has imposed a fine of Rs. 6,49,000 (inclusive of GST) on Balmer Lawrie for non-compliance with SEBI Listing Regulations during the quarter ended 31st December 2025. The fine relates to Regulation 17(1) and Regulation 19(1)/(2), which cover board composition requirements. Specifically, the company's board did not have at least 50% Non-Executive Directors due to a shortage of Independent Directors, and the Nomination and Remuneration Committee did not have all non-executive members between 17th November and 31st December 2025. The company disputes the 19(2) portion, noting the NRC Chairperson was an Independent Director throughout. As a Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, the company says board composition depends on direction from its Administrative Ministry, which is beyond its control. It has filed a representation with BSE seeking waiver of the fine.
The financial impact is negligible at just Rs. 6.49 lakh for a company of this size. However, the disclosure highlights an ongoing governance concern regarding board composition, which is a recurring compliance issue for government companies awaiting director appointments from the Administrative Ministry. No material effect on share price is expected.