Balmer Lawrie Investments Ltd

Appointment: Aditya Shekhar Singh

• Aditya Shekhar Singh appointed Government Nominee Director, effective 13 Aug 2026, for 3 years, per Administrative Ministry letter.
• Profile: MoPNG Deputy Secretary; MMS in Finance & HR; 26 years public sector experience; not debarred.

Appointment: Romon Sebastian Louis

• Romon Sebastian Louis appointed Government Nominee Director, effective 13 Aug 2026, for 3 years, per Administrative Ministry letter.
• Profile: Balmer Lawrie veteran; ex-Director (Service Businesses); 31 years in logistics; not debarred.

AGM outcomes

• Adopted Audited Financial Statements (standalone and consolidated) for year ended 31 March 2026.
• Declared final dividend for the financial year ended 31 March 2026.
• Re-appointed Director Saurav Dutta (DIN 10042140) by rotation.
• Fixed remuneration of statutory auditors for FY 2026-27.
• Appointed Aditya Shekhar Singh as Government Nominee Director; terms fixed.
• Appointed Romon Sebastian Louis as Government Nominee Director; terms fixed.
• All resolutions approved with requisite majorities.

AGM Details

• Held on 21 September 2026 at 04:00 p.m. IST via two-way VC.
• Remote e-voting conducted 17–20 September 2026.

Ordinary Business

• Adopt audited standalone and consolidated financial statements for FY2025-26; outcome pending.
• Declare final dividend for FY2025-26; outcome pending.
• Re-appoint director retiring by rotation; outcome pending.
• Fix remuneration of statutory auditors for FY2026-27; outcome pending.

Voting Status

• Voting results to be notified; Scrutinizer's report to be submitted.

Overview

• FY25-26 standalone PAT ₹14,219.01 Lakhs, up from ₹9,709.25.
• Standalone revenue ₹14,582.72 Lakhs; Consolidated revenue ₹277,410.55 Lakhs.
• Interim dividend ₹2.03 and final ₹2.27 per equity share declared.
• Record date for dividend: 14 Sep 2026; payout within 30 days of declaration.
• Total standalone equity ₹143,955.30 Lakhs; consolidated ₹224,406.19 Lakhs.

Financial performance

• Standalone revenue from operations 14,582.72 Lakhs; PAT 14,219.01 Lakhs.
• Consolidated revenue from operations 277,410.55 Lakhs; PAT 27,776.74 Lakhs.
• Standalone EPS 6.41; Consolidated EPS 8.04.
• Deposits with banks at 31 Mar 2026 ₹15,510.88 Lakhs; interest income ₹1,108.60.
• Net cash from operations (standalone) ₹29,386.93 Lakhs; net cash from financing ₹26,472.55 Lakhs.

Dividends & capital allocation

• Board recommended Final Dividend ₹2.27 per share for FY25-26.
• Interim dividend of ₹2.03 per share already paid in March 2026.
• Dividend policy not applicable; BLIL follows DIPAM guidelines for capital restructuring.
• Record date 14 Sep 2026; dividend payout within 30 days of declaration.
• Unclaimed dividends may be transferred to IEPF; FY2019-20 unclaimed dividends due 25 Oct 2026.

Debt, liquidity & capital structure

• No borrowings (non-current and current) reported; BLIL remains net cash positive.
• Standalone total equity ₹143,955.30 Lakhs; Consolidated ₹224,406.19 Lakhs.
• Fixed deposits with banks ₹15,510.88 Lakhs; total cash and bank balances ₹16,020.49 Lakhs.
• Dividends paid and annual cash flows disclosed; no debt repayments noted in notes.
• BLIL’s liquidity policy targets meeting short-term obligations with reserves and deposits.

Governance & board changes

• Board as at 31 Mar 2026: 3 Directors; Government Nominee Directors present.
• Shri Romon Sebastian Louis and Shri Aditya Shekhar Singh appointed as Government Nominee Directors w.e.f. 13 Aug 2026.
• There were no Independent Directors on the board during FY2025-26; appointments per Administrative Ministry.
• Board meetings held: 5 during FY2025-26.
• Secretarial audit and CAG comments highlight governance deviations due to government appointment process.

Subsidiaries & investments

• Balmer Lawrie & Co. Ltd holds 61.80% of BLIL; BL is major subsidiary.
• Visakhapatnam Port Logistics Park Ltd holds 60%; other associates include Avi-Oil India, PT Balmer Lawrie Indonesia.
• BLIL’s material subsidiaries and JVs accounted via equity method; PTBLI not consolidated due to negative net worth.

CSR & sustainability

• CSR expenditure ₹16.58 Lakhs; average net profit ₹828.88 Lakhs; 2% obligation ₹16.58 Lakhs.
• CSR activities funded towards Prime Minister's National Relief Fund; no shortfall reported.
• CSR policy and projects disclosures available on BLIL website; DIPAM guidelines referenced.

Audit, risk & compliance

• Key Audit Matter: suspected irregular vendor payments in BLIL subsidiary; investigation ongoing.
• CAG comments include governance-related observations; some non-compliances due to government appointments.
• Impairment noted: AMTZ Vizag impairment ₹806.64 Lakhs; SAMO contract with Bothra Shipping for VPLPL.
• Contingent liabilities include governance fines from stock exchanges; management pursuing waivers.
• Internal controls: Secretarial and internal audit function; control environment explained in reports.

Unclaimed dividends & IEPF

• FY2019-20 unpaid dividends due to IEPF transfer on or before 25 Oct 2026.
• BLIL transferred ₹34.53 Lakhs to IEPF in FY2025-26 for unclaimed dividends; 94 members affected.
• Shareholders advised to update PAN and contact details to ensure smooth dividend process.

AGM Details

• AGM: 21 September 2026, 4:00 PM IST via VC/OAVM.
• Venue deemed to be the Registered Office.
• Record date: 14 September 2026 (end of day).
• Remote voting window: 17–20 September 2026.

Resolutions Put to Vote

• Adopt Audited Standalone and Consolidated Financial Statements for FY2025-26.
• Declare final dividend of Rs 2.27 per equity share for FY2025-26.
• Re-appoint Shri Saurav Dutta as Director, retiring by rotation.
• Fix remuneration of Statutory Auditors for FY2026-27.
• Appointment of Shri Aditya Shekhar Singh as Government Nominee Director for 3 years.
• Appointment of Shri Romon Sebastian Louis as Government Nominee Director for 3 years.

Voting Details

• Voting results not disclosed in filing.

Dividend Details

• Interim dividend of Rs 2.03 per share already paid.
• Final dividend of Rs 2.27 per equity share proposed at AGM.

Directors & Appointments

• Two Government Nominee Directors proposed: Aditya Singh and Romon Louis.
• Saurav Dutta re-appointed; term subject to retirement by rotation.

Auditors

• Remuneration for Statutory Auditors for FY2026-27 to be fixed at AGM.

Material Related Party Transactions

• RPTs with Balmer Lawrie & Co. Ltd include services received, dividend income, and remuneration.
• No other material RPTs; Related Party Transactions Policy amended February 2026.

Fine and governance context

• Rs 9,78,220 inclusive of GST fine imposed by BSE for quarter ended 30 June 2026.
• Non-compliance relates to board composition and independent director and woman director requirements.
• Contingent liability of Rs 9,78,220; no immediate impact expected.

Board actions

• Meeting held on 13 August 2026; Board took on record BSE fines for non-compliance (Mar 31, 2026).
• Company is a Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas.
• Article 968(1) allows President of India to appoint Directors; board composition depends on Administrative Ministry.
• Board noted representation to Stock Exchange seeking waiver of fines.