NSE fines Balmer Lawrie Rs 7.5 lakh for board composition non-compliance

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹183.00

prior close

₹182.91

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-1.9% vs market

Diversified peers, median of 12sector-0.3%-0.5% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.5 pts less than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE has imposed a fine of Rs 7,50,480 (including GST) on Balmer Lawrie for not meeting SEBI Listing Regulations on board composition for the quarter ended 31st March 2026. The company lacked an Independent Director, Woman Director, and Independent Woman Director from 28 to 31 March 2026, and did not have 50 percent Non-Executive Directors. Several committee composition norms were also not met during the period. The company, a Government PSU under the Ministry of Petroleum and Natural Gas, says board composition depends on the Administrative Ministry and has applied for waiver of the fine.

Likely market impact

Minor financial impact of Rs 7.5 lakh fine. Company has applied for waiver citing PSU status and government-controlled board appointments.