Balmer Lawrie & Company Ltd

Dominic Tadar – Independent Director appointment

• Type: Appointment as Additional Independent Non-Executive Director, effective 18 Aug 2026.
• DIN: 11186826.
• Term: until next General Meeting; three-year nomination by Ministry dated 12 Aug 2026.
• Profile: 22-year legal practice; former Arunachal Khadi Board chair.
• Not debarred by SEBI or other authorities.
• No inter-se relationship with other directors.

Vivek Mittal – Independent Director appointment

• Type: Appointment as Additional Independent Non-Executive Director, effective 18 Aug 2026.
• DIN: 07616604.
• Term: until next AGM; three-year nomination by Ministry dated 12 Aug 2026.
• Profile: Fellow ICAI; 30+ years in taxation and corporate finance; founder of Vivek Mittal & Associates.
• Not debarred by SEBI or other authorities.
• No inter-se relationship with other directors.

Order details

• Awarding authority: Joint Commissioner LGSTO Bengaluru; DGSTO-6, Karnataka (GST Department).
• Nature and scope: Demand for tax, interest, and penalty for FY2020-21.
• Total value: ₹18.28 crore; Tax ₹8.81 cr, Interest ₹8.59 cr, Penalty ₹0.88 cr.
• Jurisdiction: Domestic (India).
• Order date: 17 August 2026.
• Impact: Not expected to materially affect operations; outcome pending further appellate proceedings.
• Remedies: Company evaluating further GST remedies.

Meeting Details

• Board meeting scheduled for 1 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for Q1 FY2026-27 (ended 30 June 2026).

Other Notes

• Trading window closed from 15 July 2026 until 48 hours after results declaration.

Dematerialisation status for quarter ended 30 June 2026

• Dematerialisation requests were confirmed to the depositories as accepted or rejected.
• Securities dematerialised were listed on the stock exchanges where previously listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted within 15 days.

Revised Auditor’s Report Details

• Revised Independent Auditor’s Report dated 1 July 2026 supersedes the 17 May 2026 report.
• Revision based on observations from the Comptroller and Auditor General of India.

Key Audit Matters

• Rs 162.42 lakhs identified as recoverable from vendors; provision created.
• External investigation ongoing; final outcome not ascertainable.

Compliance and Grants

• SEBI LODR compliance noted; fines of Rs 67.15 lakhs imposed for Regulation 17(1); waiver sought.
• MoFPI grant of Rs 671.59 Lakhs recognised as deferred income under IND AS 20.
• Deferred income to be recognised over asset life; current year Rs 37.80 Lakhs recognised.

Other Matters and Going Concern

• Notes highlight uncertainties on trade payables under litigation; emphasis of matter.
• VPLPL subsidiary going concern risk; management revival plan referenced.

Change in senior management

• Amitava Bandyopadhyay ceases appointment as Senior Vice President due to superannuation, effective 1 July 2026.
• No successor announced in Annexure-1.

FY26 results

• Balmer Lawrie announced quarter and year ended 31 March 2026 results.
• Q4 total income rose 21.56% year-on-year to Rs 791.28 crore.
• Q4 PBT was Rs 120.79 crore and PAT was Rs 90.53 crore.
• FY26 net income increased 8.03% to Rs 2,784.60 crore.
• FY26 PBT rose 5.44% to Rs 330.87 crore.
• FY26 PAT increased 5.53% to Rs 245.68 crore.
• Board recommended a final dividend of 42.50% for FY26.