Balmer Lawrie Investments Ltd said in a BSE filing dated August 13, 2026, that its board had considered and taken on record fines imposed by the exchange for non-compliance with specified listing regulations during the quarter ended March 31, 2026. The board also confirmed the contents of the company’s representation to BSE seeking a waiver of the fines.

The disclosure, filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, followed the company’s earlier intimation dated May 27, 2026. The filing did not state the amount of the fines or indicate whether BSE had decided on the waiver request.

Governance provisions cited by BSE

The exchange action relates to non-compliance with Regulations 17(1), 17(2A), 18(1) and 19(1)/19(2) of the listing regulations. These provisions concern listed-company governance requirements, including matters linked to the board and its committees.

  • Regulation 17(1)
  • Regulation 17(2A)
  • Regulation 18(1)
  • Regulations 19(1) and 19(2)

Balmer Lawrie Investments described itself as a Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum and Natural Gas. According to the filing, the board noted that the company’s board composition depends on directions from its administrative ministry.

Company cites government appointment process

The board referred to Article 96B(1) of the company’s Articles of Association. The provision states that, while Balmer Lawrie Investments remains a government company, the President of India may appoint one or more directors, subject to the Companies Act. Such appointments may include independent directors, a woman director and government nominee directors.

The company said this appointment framework places the composition of its board beyond its direct control. Its directors took note of that position while reviewing the BSE fines and confirmed the company’s waiver representation at the August 13 meeting. The disclosure did not report any waiver approval or other decision by the stock exchange.

Source: BSE corporate announcement.