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Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.
Company auditor issued a revised report highlighting suspected vendor fraud (provisioned Rs 1.62 Cr), Rs 8.21 Cr impairment loss from SBU closure, and fines of Rs 0.67 Cr for Listing Regulation non-compliance. A subsidiary faces going concern uncertainty. Internal control weaknesses were also identified.
Balmer Lawrie appointed Mr. Romon Sebastian Louis as Director (Service Businesses), effective immediately. He was Executive Director (Logistics Infrastructure & Cold Chain). This extinguishes Mr. Adhip Nath Palchaudhuri's additional charge for the role. The trading window is now open, and AGM notice will be revised.
Balmer Lawrie announced key leadership changes. Mr. Romon Sebastian Louis, formerly Executive Director (Logistics Infrastructure & Cold Chain), is appointed Director (Service Businesses). CMD Mr. Adhip Nath Palchaudhuri has been relieved of his additional Service Businesses charge, streamlining management.
Balmer Lawrie & Company Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ( Listing Regulations ) Surrender of CAPEX approved for the project for setting up a Free Trade...
Disclosure under Regulation 30 of Securities and Exchange Board of India ( SEBI ) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ( Listing Regulations ) Cancellation of the project for setting up of a 200 KLPD Grain Based Ethanol Plant in Andhra Pradesh