In terms of Regulation 30 read with Para A of Part A of Schedule Ill of Listing Regulations, this is to hereby inform that in line with recommendation of Nomination and Remuneration Committee and pursuant to the letter bearing reference no. CA-31032/1/2021-PNG-37493 dated 19th June, 2025 received from the Ministry of Petroleum and Natural Gas, Administrative Ministry and subject to approval by the shareholders, the Board of Directors of the Company vide its Resolution by Circulation dated 1st July, 2025 passed on 1st July, 2025 has, inter-alia, approved the appointment of Shri Rajeev Kumar (DIN: 11170401) as a Non-Executive, Additional Director in the designation of Government Nominee Director of the Company with immediate effect i.e. 1st July, 2025, who shall hold the office up to the next General Meeting of the Company.Further, as per the requirement of the Circular no. LIST/COMP/14/2018-19 dated 20th June, 2018 read with Master Circular dated 23rd May, 2025 issued by BSE Limited and Master Circular no. NSE/CML/2025/25 dated 30th ApriI, 2025 issued by National Stock Exchange of India Limited, respectively, we hereby affirm that Shri Rajeev Kumar (DIN: 11170401) is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority.The details required under Regulation 30 of the Listing Regulations read with Chapter V of the Master Circular bearing reference no. - SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 issued by SEBI, as amended by SEBI Circular bearing reference no. - SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024 are enclosed as Annexure-A in the attachment.
BALMLAWRIE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Balmer Lawrie has appointed Shri Rajeev Kumar (DIN: 11170401) as a Non-Executive, Additional Director in the designation of Government Nominee Director with effect from 1st July 2025. The appointment was made based on a recommendation from the Nomination and Remuneration Committee and a letter from the Ministry of Petroleum and Natural Gas, the company's Administrative Ministry, dated 19th June 2025. He will hold office until the next General Meeting and is nominated on a co-terminus basis up to 18th June 2028, subject to shareholder approval. Shri Rajeev Kumar brings over 31 years of experience in the Government of India, having worked in the Ministry of Finance, Ministry of Human Resource Development, Municipal Corporation of Delhi, and currently serves as Deputy Secretary (Flagship Programme) in the Ministry of Petroleum and Natural Gas. The company has confirmed he is not debarred by SEBI from holding the position of Director.
This is a routine government-nominated director appointment at a public sector undertaking, directed by the holding ministry. It is an administrative change with no material financial impact on shareholders or the stock price.