Balmer Lawrie & Company logo

Balmer Lawrie & Company MD, chairman, board of directors and AGM

NSE: BALMLAWRIEBSE: 523319DiversifiedSmall Cap

Last close ₹149.71down ₹2.88 (1.89%)BSE ₹149.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹152.59.

52-week range of traded prices to 23 Oct 2026
₹148.00Low, 22 Oct 2026₹206.10High, 29 Oct 2025
Market cap
₹2,560 Cr970th largest listed
P/E
9.2
P/B
1.2
Dividend yield
5.68%
ROE
13.8%
ROCE
13.3%
Debt to equity
0.04
Volume, NSE
1,90,55261.2% delivered

Balmer Lawrie & Company board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorAdhip Nath Palchaudhuri
  • Company Secretary and Compliance OfficerKavita Bhavsar

6 directors5 executive1 non-executive

  • Adhip Nath Palchaudhuri · Chairperson and managing directorExecutive · joined Jul 2024 · 1 listed board · 4 committee seats
  • Raja Mani UthayarajaExecutive · joined Jul 2022 · reappointed Sep 2024 · 1 listed board · 4 committee seats, 1 as chair
  • Saurav DuttaExecutive · joined Feb 2023 · reappointed Sep 2025 · 2 listed boards · 5 committee seats, 2 as chair
  • Abhijit GhoshExecutive · joined Feb 2023 · 1 listed board · 1 committee seat
  • Romon Sebastian LouisExecutive · joined Aug 2025 · 1 listed board · 2 committee seats
  • Aditya Shekhar SinghNominee, non-executive · joined Mar 2026 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • Vandana Minda Heda, left 28 Mar 2026: Tenure Completion
  • Harishkumar Madhusudan Joshi, left 28 Mar 2026: Tenure Completion
  • Rajeev Kumar, left 17 Nov 2025: Others
  • Amit Bansal, left 1 Jan 2025: Others
  • Mrityunjay Jha, left 1 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    2 meetings of 5 without a quorum

    • 27 Jun 20266 of 6 present0 independent · 42 days in between · quorum not met
    • 15 May 20266 of 6 present0 independent · 56 days in between · quorum not met
    • 19 Mar 20268 of 8 present2 independent · 13 days in between
    • 5 Mar 20267 of 7 present2 independent · 26 days in between
    1 earlier meeting
    • 6 Feb 20267 of 7 present2 independent

  • Audit Committee

    Chair Saurav Dutta

    Adhip Nath Palchaudhuri, Raja Mani Uthayaraja

    2 meetings of 5 without a quorum

    • 27 Jun 20263 of 3 present0 independent · 42 days in between · quorum not met
    • 15 May 20263 of 3 present0 independent · 56 days in between · quorum not met
    • 19 Mar 20263 of 3 present2 independent · 13 days in between
    • 5 Mar 20263 of 3 present2 independent · 27 days in between
    1 earlier meeting
    • 5 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Aditya Shekhar Singh

    Abhijit Ghosh, Adhip Nath Palchaudhuri

    2 meetings of 5 without a quorum

    • 27 Jun 20263 of 3 present0 independent · 42 days in between · quorum not met
    • 15 May 20263 of 3 present0 independent · 56 days in between · quorum not met
    • 19 Mar 20263 of 3 present2 independent · 13 days in between
    • 5 Mar 20263 of 3 present2 independent · 27 days in between
    1 earlier meeting
    • 5 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Raja Mani Uthayaraja

    Saurav Dutta, Romon Sebastian Louis

    • 5 Feb 20264 of 4 present1 independent

  • Risk Management Committee

    Chair Adhip Nath Palchaudhuri

    Saurav Dutta, Romon Sebastian Louis

    • 15 May 20263 of 3 present0 independent · 56 days in between
    • 19 Mar 20263 of 3 present1 independent · 41 days in between
    • 5 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Abhijit Ghosh

    Raja Mani Uthayaraja, Romon Sebastian Louis

    • 15 May 20263 of 3 present0 independent · 56 days in between
    • 19 Mar 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B. Chhawchharia & Co.Peer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Balmer Lawrie & Company AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Balmer Lawrie & Company dividend history

Annual general meeting, 21 Sep 2026

1,11,449 shareholders on the register on 14 Sep 2026; present: 0 promoters and 388 others; votes counted by Navin Kothari / M/s N.K. & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company (both Standalone and Consolidated) for the Financial Year ended on 31st March 2026 together with the Reports of the Board of Directors and Auditors thereon and other Statements attached thereto along with the Comments of Comptroller and Auditor General of India thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.63% · other public 0.00%

    Turnout: all 63.40% · promoters 0.00% · institutions 34.28% · other public 64.67%

  2. To declare final dividend for the Financial Year ended on 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

  3. To appoint a Director in place of Shri Abhijit Ghosh (DIN: 10042785), a Director who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.03% for1.97% against

    Against: promoters 0.00% · institutions 84.15% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

  4. To fix the remuneration of the Statutory Auditors of the Company (including Branch Auditors) for the Financial Year 2026-27
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.64% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

  5. Appointment of Shri Aditya Shekhar Singh (DIN:11606166) as Government Nominee Director and fixation of terms of his appointment
    Ordinary
    97.68% for2.32% against

    Against: promoters 0.00% · institutions 99.38% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

  6. Appointment of Adv. Dominic Tadar (DIN: 11186826) as Non-Executive Independent Director and fixation of terms of his appointment
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

  7. Appointment of CA Vivek Mittal (DIN: 07616604) as Non-Executive Independent Director and fixation of terms of his appointment
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.46% · promoters 0.00% · institutions 35.56% · other public 64.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 12 resolutions

1,15,072 shareholders on the register on 16 Sep 2025; present: 0 promoters and 125 others; votes counted by Navin Kothari / M/s N.K. & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company (both Standalone and Consolidated) for the Financial Year ended on 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon and other Statements attached thereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.42% · promoters 0.00% · institutions 33.33% · other public 64.71%

  2. To declare dividend for the Financial Year ended on 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  3. To appoint a Director in place of Shri Saurav Dutta (DIN: 10042140), a Director who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.14% for1.86% against

    Against: promoters 0.00% · institutions 82.64% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  4. To fix the remuneration of the Statutory Auditors of the Company (including Branch Auditors) for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  5. Appointment of Shri Amit Bansal (DIN: 10372580) as Government Nominee Director for the period from 25th October, 2024 till 31st December, 2024 and fixation of terms of his appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.43% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  6. Approval of the detailed Terms and Conditions with respect to the appointment of Shri Adhip Nath Palchaudhuri, (DIN: 08695322) as Chairman and Managing Director of Balmer Lawrie & Co. Ltd.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  7. Appointment of Shri Harishkumar Madhusudan Joshi (DIN: 01201050) as Non-Executive Independent Director and fixation of terms of his appointment
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  8. Appointment of Dr. Vandana Minda Heda (DIN: 09402294) as Non-Executive Independent Director and fixation of terms of her appointment
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  9. Appointment of Shri Rajeev Kumar (DIN: 11170401) as Government Nominee Director and fixation of terms of his appointment
    Ordinary
    97.75% for2.25% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  10. Appointment of Shri Romon Sebastian Louis (DIN: 08710802) as Director (Service Businesses) and fixation of terms of his appointment
    Ordinary
    98.15% for1.85% against

    Against: promoters 0.00% · institutions 82.22% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  11. Appointment of M/s. MR & Associates, a firm of Practicing Company Secretaries as the Secretarial Auditor of the Company from Financial Year 2025-26 to Financial Year 2029-30
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

  12. Ratification of Remuneration of Cost Auditor(s) for the Financial Years 2025-26, 2026-27, 2027-28 and 2028-29
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.47% · promoters 0.00% · institutions 34.63% · other public 64.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 8 resolutions

Present: 0 promoters and 82 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company (both Standalonenand Consolidated) for the Financial Year ended on 31st March, 2024 together with thenReports of the Board of Directors and Auditors thereon and other Statements attachednthereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.78% · promoters 0.00% · institutions 50.67% · other public 65.53%

  2. To declare dividend for the Financial Year ended on 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  3. To appoint a Director in place of Shri Raja Mani Uthayaraja (DIN: 09678056), a Directornwho retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    96.98% for3.02% against

    Against: promoters 0.00% · institutions 74.79% · other public 0.01%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  4. To fix the remuneration of the Statutory Auditors of the Company (including BranchnAuditors) for the Financial Year 2024-25
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.24% · other public 0.00%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  5. Entrustment of additional charge of the post of Chairman and Managing Director of thenCompany upon Shri Adhip Nath Palchaudhuri (DIN: 08695322)
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 6.22% · other public 0.00%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  6. Appointment of Shri Adhip Nath Palchaudhuri (DIN: 08695322) as Chairman and ManagingnDirector of the Company and fixation of terms of appointment
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 6.97% · other public 0.00%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  7. Appointment of Shri Mrityunjay Jha (DIN: 08483795) as Government Nominee Director ofnthe Company and fixation of terms of his appointment
    Ordinary
    97.61% for2.39% against

    Against: promoters 0.00% · institutions 59.24% · other public 0.01%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

  8. Ratification of Remuneration of Cost Auditor for the Financial Year 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.83% · promoters 0.00% · institutions 51.73% · other public 65.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 8 resolutions

Present: 0 promoters and 78 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company (both Standalone and Consolidated) for the Financial Year ended on 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon and other Statements attached thereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 62.94% · promoters 0.00% · institutions 48.44% · other public 63.23%

  2. To declare dividend for the Financial Year ended on 31st March, 2023
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  3. To appoint a Director in place of Shri Adika Ratna Sekhar (DIN: 08053637), a Director who retires by rotation and being eligible, offers himself for reappointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  4. To fix the remuneration of the Statutory Auditors of the Company (including Branch Auditors) for the Financial Year 2023-24
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 5.25% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  5. Appointment of Shri Saurav Dutta (DIN: 10042140) as Director (Finance) and fixation of terms of his appointment
    Ordinary
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 95.96% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  6. Appointment of Shri Abhijit Ghosh, (DIN: 10042785) as Director (Human Resource and Corporate Affairs) and fixation of terms of his appointment
    Ordinary
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 91.19% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  7. Appointment of Shri Rajinder Kumar, (DIN: 09651096) as Government Nominee Director and fixation of terms of his appointment
    Ordinary
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 95.96% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

  8. Ratification of Remuneration of Cost Auditor for the Financial Year 2023-24
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 63.01% · promoters 0.00% · institutions 51.67% · other public 63.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2022, 9 resolutions

Present: 0 promoters and 86 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company, both Standalone and Consolidated, for the Financial Year ended 31st March, 2022 and the Reports of the Board of Directors and Auditors thereon and other statements attached thereto along with the comments of Comptroller & Auditor General of India thereonMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.40% · promoters 0.00% · institutions 72.23% · other public 63.26%

  2. To declare dividend for the Financial Year ended 31st March, 2022
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  3. To appoint a director in place of Shri Sandip Das (DIN 08217697), a director who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    98.04% for1.96% against

    Against: promoters 0.00% · institutions 99.35% · other public 0.03%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  4. To fix remuneration of the Statutory Auditors (including Branch Auditors) for the Financial Year 2022-23
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.73% · other public 0.01%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  5. Appointment of Shri Adika Ratna Sekhar (DIN 08053637) as Chairman and Managing Director and fixation of terms of appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.57% · other public 0.01%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  6. Appointment of Dr. Vandana Minda Heda (DIN 09402294) as Non-Executive Independent Director and fixation of terms of appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  7. Appointment of Shri Rajeev Kumar (DIN 09402066) as Non- Executive Independent Director and fixation of terms of appointment
    Ordinary
    98.10% for1.90% against

    Against: promoters 0.00% · institutions 96.28% · other public 0.03%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  8. Appointment of Shri R.M. Uthayaraja (DIN : 09678056) as Director (Manufacturing Businesses) and fixation of terms of appointment
    Ordinary
    98.04% for1.96% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

  9. Ratification of remmuneration of Cost Auditor for the Financial Year 2022-23
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.47% · promoters 0.00% · institutions 76.13% · other public 63.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2021, 8 resolutions

Present: 0 promoters and 75 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company, both Standalone and Consolidated, for the Financial Year ended 31st March, 2021 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended 31st March, 2021 and other statements attached thereto along with the comments of Comptroller & Auditor General of India thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.64% · promoters 0.00% · institutions 71.96% · other public 64.51%

  2. To declare dividend for the Financial Year ended 31st March, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  3. To appoint a director in place of Shri Adhip Nath Palchaudhuri (DIN 08695322), a director who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 97.53% · other public 0.02%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  4. To fix remuneration of the Statutory Auditors (including Branch Auditors) for the Financial Year 2021-22.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  5. Appointment of Shri Adika Ratna Sekhar (DIN 08053637) as Chairman and Managing Director (additional charge).
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.08% · other public 0.01%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  6. Appointment of Shri Kushagra Mittal (DIN 09026246) as Government Nominee Director.
    Ordinary
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 97.53% · other public 0.01%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  7. Appointment of Smt. Perin Devi Rao (DIN 07145051) as Government Nominee Director.
    Ordinary
    97.90% for2.10% against

    Against: promoters 0.00% · institutions 98.09% · other public 0.01%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

  8. Ratification of remuneration of Cost Auditor for the Financial Year 2021-22.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.71% · promoters 0.00% · institutions 75.45% · other public 64.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2020, 7 resolutions

Present: 0 promoters and 170 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited financial Statements of the Company, both Standalone and Consolidated, for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended 31st March, 2020 and other statements attached thereto along with the comments of Comptroller Auditor General of India thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.58% · promoters 0.00% · institutions 25.27% · other public 64.95%

  2. To declare dividend for the Financial Year ended 31st March, 2020.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

  3. To appoint a director in place of Shri Adika Ratna Shekhar (DIN 08053637), a director who retires by rotation and, being eligible, offers himself for reappointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

  4. To fix remuneration of the Statutory Auditors (including Branch Auditors) for the Financial Year 2020-21
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

  5. Appointment of Shri Adhip Nath Palchaudhuri (DIN 08695322) as Director Service Businesses and fixation of terms of appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

  6. Appointment of Shri Sandip Das (DIN 08217697) as Director (Finance) and fixation of terms of appointment
    Ordinary
    98.54% for1.46% against

    Against: promoters 0.00% · institutions 98.72% · other public 0.01%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

  7. Ratification of remuneration of Cost Auditor for the financial Year 2020-21
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.65% · promoters 0.00% · institutions 27.29% · other public 64.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2019, 1 resolution

The company's voting result (opens in a new tab)

  1. Authorisations for declaration of Bonus Shares in the ratio of 1:2 i.e, one new equity share of Rs. 10 each fully paid up for every two existing equity shares of Rs.10 each fully paid up by capitalisation of a sum of Rs.570012820 out of the Company's Free reserves/ Securities Premium Account/ Capital Redemption Reserve Account in full or in part and connceted matters.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.07% · promoters 0.00% · institutions 20.53% · other public 65.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 23 Sep 2025, 1 fund house

  • To consider and adopt the Audited Financial Statements of the Company (both Standalone and Consolidated) for the Financial Year ended on 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon and other Statements attached thereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    1 for0 against
  • To declare dividend for the Financial Year ended on 31st March, 2025
    1 for0 against
  • To appoint a Director in place of Shri Saurav Dutta (DIN: 10042140), a Director who retires by rotation and being eligible, offers himself for re-appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    0 for1 against
  • To fix the remuneration of the Statutory Auditors of the Company (including Branch Auditors) for the Financial Year 2025-26
    1 for0 against
  • Appointment of Shri Amit Bansal (DIN: 10372580) as Government Nominee Director for the period from 25th October, 2024 till 31st December, 2024 and fixation of terms of his appointment
    1 for0 against
  • Approval of the detailed Terms and Conditions with respect to the appointment of Shri Adhip Nath Palchaudhuri, (DIN: 08695322) as Chairman and Managing Director of Balmer Lawrie & Co. Ltd.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Combined position of Chairman & MD, may lead to concentration of power in the hands of single person; Two full time positions; Board is non-compliant with the requirement of requisite number of Independent Directors.
    0 for1 against
  • Appointment of Shri Harishkumar Madhusudan Joshi (DIN: 01201050) as Non-Executive Independent Director and fixation of terms of his appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of Directors. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law; Appointment as ID for a period of only one year.
    0 for1 against
  • Appointment of Dr. Vandana Minda Heda (DIN: 09402294) as Non-Executive Independent Director and fixation of terms of her appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNo concern on the merit of Directors. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorships, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law.
    0 for1 against
  • Appointment of Shri Rajeev Kumar (DIN: 11170401) as Government Nominee Director and fixation of terms of his appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors; No cooling off period served before appointment as NE-NID post completion of term as an ID.
    0 for1 against
  • Appointment of Shri Romon Sebastian Louis (DIN: 08710802) as Director (Service Businesses) and fixation of terms of his appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
    0 for1 against
  • Appointment of M/s. MR & Associates, a firm of Practicing Company Secretaries as the Secretarial Auditor of the Company from Financial Year 2025-26 to Financial Year 2029-30
    1 for0 against
  • Ratification of Remuneration of Cost Auditor(s) for the Financial Years 2025-26, 2026-27, 2027-28 and 2028-29
    1 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 3 fund houses

  • To consider and adopt the Audited Financial Statements of the Company (both Standalonenand Consolidated) for the Financial Year ended on 31st March, 2024 together with thenReports of the Board of Directors and Auditors thereon and other Statements attachednthereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    3 for0 against
  • To declare dividend for the Financial Year ended on 31st March, 2024
    3 for0 against
  • To appoint a Director in place of Shri Raja Mani Uthayaraja (DIN: 09678056), a Directornwho retires by rotation and being eligible, offers himself for re-appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern regarding the merit of the proposed appointee. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs.
    0 for3 against
  • To fix the remuneration of the Statutory Auditors of the Company (including BranchnAuditors) for the Financial Year 2024-25
    3 for0 against
  • Entrustment of additional charge of the post of Chairman and Managing Director of thenCompany upon Shri Adhip Nath Palchaudhuri (DIN: 08695322)
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern regarding the merit of the proposed appointee. Governance concern: Combined position of Chairman & MD. The Board is non-compliant with respect to requirement of minimum number of IDs.
    0 for3 against
  • Appointment of Shri Adhip Nath Palchaudhuri (DIN: 08695322) as Chairman and ManagingnDirector of the Company and fixation of terms of appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern regarding the merit of the proposed appointee. Governance concern: Combined position of Chairman & MD. The Board is non-compliant with respect to requirement of minimum number of IDs.
    0 for3 against
  • Appointment of Shri Mrityunjay Jha (DIN: 08483795) as Government Nominee Director ofnthe Company and fixation of terms of his appointment
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern regarding the merit of the proposed appointee. Governance concern: Board is non-compliant with respect to requirement of minimum number of IDs. Delayed shareholders’ approval.
    0 for3 against
  • Ratification of Remuneration of Cost Auditor for the Financial Year 2024-25
    3 for0 against
4 earlier meetings

Mutual fund votes, meeting of 27 Sep 2023, 1 fund house

  • To consider and adopt the Audited Financial Statements of the Company (both Standalone and Consolidated) for the Financial Year ended on 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereon and other Statements attached thereto along with the Comments of Comptroller and Auditor General of India thereonMoreLess
    1 for0 against
  • To declare dividend for the Financial Year ended on 31st March, 2023
    1 for0 against
  • To appoint a Director in place of Shri Adika Ratna Sekhar (DIN: 08053637), a Director who retires by rotation and being eligible, offers himself for reappointment
    1 for0 against
  • To fix the remuneration of the Statutory Auditors of the Company (including Branch Auditors) for the Financial Year 2023-24
    1 for0 against
  • Appointment of Shri Saurav Dutta (DIN: 10042140) as Director (Finance) and fixation of terms of his appointment
    1 for0 against
  • Appointment of Shri Abhijit Ghosh, (DIN: 10042785) as Director (Human Resource and Corporate Affairs) and fixation of terms of his appointment
    1 for0 against
  • Appointment of Shri Rajinder Kumar, (DIN: 09651096) as Government Nominee Director and fixation of terms of his appointment
    1 for0 against
  • Ratification of Remuneration of Cost Auditor for the Financial Year 2023-24
    1 for0 against

Mutual fund votes, meeting of 28 Sep 2021, 3 fund houses

  • To consider and adopt the Audited Financial Statements of the Company, both Standalone and Consolidated, for the Financial Year ended 31st March, 2021 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended 31st March, 2021 and other statements attached thereto along with the comments of Comptroller & Auditor General of India thereon.MoreLess
    3 for0 against
  • To declare dividend for the Financial Year ended 31st March, 2021.
    3 for0 against
  • To appoint a director in place of Shri Adhip Nath Palchaudhuri (DIN 08695322), a director who retires by rotation and being eligible, offers himself for reappointment.
    3 for0 against
  • To fix remuneration of the Statutory Auditors (including Branch Auditors) for the Financial Year 2021-22.
    3 for0 against
  • Appointment of Shri Adika Ratna Sekhar (DIN 08053637) as Chairman and Managing Director (additional charge).
    3 for0 against
  • Appointment of Shri Kushagra Mittal (DIN 09026246) as Government Nominee Director.
    3 for0 against
  • Appointment of Smt. Perin Devi Rao (DIN 07145051) as Government Nominee Director.
    3 for0 against
  • Ratification of remuneration of Cost Auditor for the Financial Year 2021-22.
    3 for0 against

Mutual fund votes, meeting of 25 Sep 2020, 2 fund houses

  • To consider and adopt the Audited financial Statements of the Company, both Standalone and Consolidated, for the Financial Year ended 31st March, 2020 and the Reports of the Board of Directors and Auditors thereon for the Financial Year ended 31st March, 2020 and other statements attached thereto along with the comments of Comptroller Auditor General of India thereon.MoreLess
    0 for0 against

    2 abstained

  • To declare dividend for the Financial Year ended 31st March, 2020.
    0 for0 against

    2 abstained

  • To appoint a director in place of Shri Adika Ratna Shekhar (DIN 08053637), a director who retires by rotation and, being eligible, offers himself for reappointment.
    0 for0 against

    2 abstained

  • To fix remuneration of the Statutory Auditors (including Branch Auditors) for the Financial Year 2020-21
    0 for0 against

    2 abstained

  • Appointment of Shri Adhip Nath Palchaudhuri (DIN 08695322) as Director Service Businesses and fixation of terms of appointment
    0 for0 against

    2 abstained

  • Appointment of Shri Sandip Das (DIN 08217697) as Director (Finance) and fixation of terms of appointment
    0 for0 against

    2 abstained

  • Ratification of remuneration of Cost Auditor for the financial Year 2020-21
    0 for0 against

    2 abstained

Mutual fund votes, meeting of 18 Dec 2019, 2 fund houses

  • Authorisations for declaration of Bonus Shares in the ratio of 1:2 i.e, one new equity share of Rs. 10 each fully paid up for every two existing equity shares of Rs.10 each fully paid up by capitalisation of a sum of Rs.570012820 out of the Company's Free reserves/ Securities Premium Account/ Capital Redemption Reserve Account in full or in part and connceted matters.MoreLess
    0 for0 against

    2 abstained

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyBSE LimitedSince 27 May 2026

    Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 issued on July 11 , 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance)

    The aforementioned fines had been imposed by the Stock Exchanges on the Company on the account that the Board of Directors of the Company did not have an Independent Director, Woman Director and Independent Woman Director for the period 28th March, 2026 to 31st March, 2026 and the Board of Directors did not comprise of at least 50% of Non-Executive Directors due to insufficient numbers of Independent Directors/Non-Executive Directors on the Board of the Company. Consequent to the aforementioned non-compliances, the applicable requirements envisaged under Regulation 17(1) of Listing Regulations could not be met with for the quarter ended on 31st March, 2026 and the applicable requirements stipulated under Regulation 18(1)(b) and (d), Regulation 19(1)(b) and (c), Regulation 19(2), Regulation 20(2)/20(2A) and Regulation 21(2) also could not be met with during the period from 28th March, 2026 to 31st March, 2026. In addition to the aforesaid, only one Member of the Nomination and Remuneration Committee was not a Non-Executive Directors during the period 1st January, 2026 to 17th March, 2026 as per Regulation 19(1)(b) of the Listing Regulations since, during the said period, the Company had only 2(two) Non-Executive Directors on its Board.MoreLess
  • Fine or penaltyNational Stock Exchange of India LimitedSince 1 Jun 2026

    Notice for non-compliance with SEBI (LODR) Regulations, 2015

    The aforementioned fines had been imposed by the Stock Exchanges on the Company on the account that the Board of Directors of the Company did not have an Independent Director, Woman Director and Independent Woman Director for the period 28th March, 2026 to 31st March, 2026 and the Board of Directors did not comprise of at least 50% of Non-Executive Directors due to insufficient numbers of Independent Directors/Non-Executive Directors on the Board of the Company. Consequent to the aforementioned non-compliances, the applicable requirements envisaged under Regulation 17(1) of Listing Regulations could not be met with for the quarter ended on 31st March, 2026 and the applicable requirements stipulated under Regulation 18(1)(b) and (d), Regulation 19(1)(b) and (c), Regulation 19(2), Regulation 20(2)/20(2A) and Regulation 21(2) also could not be met with during the period from 28th March, 2026 to 31st March, 2026. In addition to the aforesaid, only one Member of the Nomination and Remuneration Committee was not a Non-Executive Directors during the period 1st January, 2026 to 17th March, 2026 as per Regulation 19(1)(b) of the Listing Regulations since, during the said period, the Company had only 2(two) Non-Executive Directors on its Board.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 8 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
No
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.