Secretarial Compliance Report for the year ended 31st March, 2026
BALMLAWRIE · price
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Balmer Lawrie & Company Ltd has filed its annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretaries M/s MR & Associates. The report confirms general compliance with SEBI regulations, but flags non-compliances related to board composition. The company faced a shortfall in Non-Executive/Independent Directors during November 2024 to March 2025, lacked a Woman Director during certain periods, and had fewer than 6 directors on board. Committee compositions (Audit, NRC, SRC, RMC) were also not properly constituted during these periods. BSE and NSE have imposed cumulative fines of approximately Rs. 21-22 lakhs across four quarters for these violations. The company is a Government of India Enterprise and states these non-compliances are beyond its control as director appointments depend on the Administrative Ministry. Two instances of post-facto approval for related party transactions were noted.
The company has received regulatory fines from both BSE and NSE for board composition non-compliances. While the violations are attributed to government control over board appointments, investors should note ongoing governance issues and cumulative penalties. The company has sought waiver of fines citing its government status.