The Exchange has sought clarification from Balmer Lawrie & Company Limited with respect to recent news item captioned Balmer Lawrie plans to exit refinery and oil field services biz gradually. The response from the Company is attached.
BALMLAWRIE · price
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NSE sought clarification from Balmer Lawrie on a news article stating the company plans to gradually exit its refinery and oil field services business. The company confirmed that this was already disclosed: on 15th May 2025, the Board approved the closure of its Strategic Business Unit – Refinery and Oil Field Services (SBU: ROFS) after completing ongoing projects by FY 2026-27. This decision was promptly filed with both BSE and NSE on 15th–16th May 2025 under SEBI Listing Regulations. The company stated there is no undisclosed information and no new material developments beyond what was already shared with the exchanges.
This is a routine clarification confirming prior public disclosure, so there is no new negative surprise. Shareholders should note that the ROFS unit will wind down gradually over the next 1-2 years as existing contracts are completed, which is a planned restructuring rather than an abrupt shutdown.