In view of change in role of Shri Sushil Dugar from Chief Operating Officer (Logistics Services) to Officer on Special Duty with effect from 19th May, 2026, he has ceased to be part of the Senior Management of Balmer Lawrie & Co. Ltd. as defined under Regulation 16(1)(d) of the Listing Regulations.
BALMLAWRIE · price
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Sushil Dugar, previously Chief Operating Officer (Logistics Services), has been reassigned to Officer on Special Duty effective 19th May, 2026. With this role change, he has ceased to be part of the Senior Management of Balmer Lawrie as defined under Regulation 16(1)(d) of the Listing Regulations. This is a regulatory disclosure under SEBI's Listing Obligations and Disclosure Requirements. The company has not announced his successor for the COO (Logistics Services) role. Mr. Dugar remains employed with the company, just in a different capacity outside Senior Management.
This is a relatively minor management change as Mr. Dugar remains with the company in a different role. The removal of a COO from Senior Management may create a leadership gap in Logistics Services operations. However, since no outright resignation occurred, the impact on the stock is likely neutral to slightly negative, depending on the successor appointed.