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BALMLAWRIE

BALMER LAWRIE & COMPANY LIMITED

523319

NOTLISTED

INE164A01016

New

Action(s) taken or orders passed (sub-para 20)

false

2026-08-25

19:00:00

2026-08-26

Imposition of fine or penalty

Regulatory Authority

BSE Limited

Listed Entity (Self)

BALMER LAWRIE & COMPANY LIMITED

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

2026-08-25

Fines amounting to Rs.14,19,540/- (inclusive of GST) has been imposed on the Company by BSE Limited vide e-mail dated 25th August, 2026 for non-compliance of Regulations 17(1),17(2A),18(1),19(1)/19(2),20(2)/(2A) and 21(2) of the Listing Regulations for the quarter ended on 30th June, 2026. In this regard, it would also be pertinent to mention that the Company is a Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum & Natural Gas (‘Administrative Ministry’). Further, the Article 7A of the Articles of Association of the Company states that so long as the Company remains a Government Company, the President of India shall, subject to provisions of the Companies Act be entitled to appoint one or more Directors on the Board of the Company which includes Wholetime Directors/Independent Director/Woman Independent Director/Woman Director/Government Nominee Director(s) to hold office for such period and upon such terms and condition as the President of India may from time to time decide. Hence, the composition of the Board of Directors/Committees thereof is dependent on direction by the Administrative Ministry and thus, the aforementioned non-compliances are for factors beyond the control of the Company and accordingly, the Company has made representation(s) with BSE Limited for waiver of such fine.

For the quarter ended on 30th June, 2026

No immediate impact is expected except to the extent of the total amount of fines imposed i.e. Rs. 14,19,540/- (inclusive of GST).

The said fines were imposed during the quarter ended on 30th June, 2026, the Board of Directors of the Company: a.Did not have an Independent Director, Woman Director and Independent Woman Director during the quarter under review. b.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. c.Consequent to the aforementioned non-compliance, the applicable requirements envisaged under Regulations 17(1),17(2A),18(1),19(1)/ 19(2),20(2)/(2A) and 21(2) could not be met with during the quarter under review.

1419540

Not Applicable

It would also be pertinent to mention that the Company is a Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum & Natural Gas (‘Administrative Ministry’). Further, the Article 7A of the Articles of Association of the Company states that so long as the Company remains a Government Company, the President of India shall, subject to provisions of the Companies Act be entitled to appoint one or more Directors on the Board of the Company which includes Wholetime Directors/Independent Director/Woman Independent Director/Woman Director/Government Nominee Director(s) to hold office for such period and upon such terms and condition as the President of India may from time to time decide. Hence, the composition of the Board of Directors/Committees thereof is dependent on direction by the Administrative Ministry and thus, the aforementioned non-compliances are for factors beyond the control of the Company and accordingly, the Company has made representation(s) with BSE Limited for waiver of such fine.

Kavita Bhavsar

Company Secretary and Compliance Officer

2026-08-26

Kolkata