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Balmer Lawrie Investment Ltd.

BSE: 532485 Sector: Financials
NSE: N.A. ISIN Code: INE525F01017
BSE LIVE 15:43 | 07 Dec 381.50 -3.30
(-0.86%)
OPEN

389.00

HIGH

392.00

LOW

376.10

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 389.00
PREVIOUS CLOSE 384.80
VOLUME 20618
52-Week high 395.00
52-Week low 248.00
P/E 21.88
Mkt Cap.(Rs cr) 846.93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 389.00
CLOSE 384.80
VOLUME 20618
52-Week high 395.00
52-Week low 248.00
P/E 21.88
Mkt Cap.(Rs cr) 846.93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Balmer Lawrie Investment Ltd. (BALMERLAWINV) - Chairman Speech

Company chairman speech

Dear Esteemed Members

It is my privilege to present before you the 14th Annual Report of the Company for thefinancial year 2014-15.

The economy is slowly but surely showing signs of looking up. The Indian economy in2014-15 has emerged as one of the largest economies with a promising economic outlook onthe back of controlled inflation investments and decline in oil price among others.

The index of industrial production suggests that the industrial sector is recoveringslowly with a 2.1% growth in 2014-15 (April-December) over 0.1% increase in the sameperiod last year. The recovery is led by infrastructure sectors: electricity coal andcement. Thus the macroeconomic situation in India has improved during 2014-15. Alsoacceleration in service and manufacturing growth in the face of subdued global demandconditions point to the strengthening of domestic demand.

You may be aware that the income of your Company is primarily the dividend receivedfrom its subsidiary Balmer Lawrie & Co. Limited and the interest received by promptlydeploying the surplus fund in the Banks. It is a pleasure to approach the members with arecommendation for declaration of a dividend of 125% which is an increase of 5% from theprevious year. It is a persistent endeavour to provide maximum value to the shareholdersfor the investments made by them in the Company.

I would take this opportunity to offer a humble gratitude to the shareholders forvesting their confidence on the management of the Company.

I would like to acknowledge the continuous support and guidance that we have beenreceiving from the Ministry of Petroleum & Natural Gas and other Ministries of theGovt. of India.

I would like to thank our subsidiary company Balmer Lawrie & Co. Ltd. its valuedshareholders bankers financial institutions and other stakeholders for their continuedsupport and co-operation.

Finally I must convey my gratitude to my colleagues on the Board for their wisecounsel and valued involvement with whom I would strive my best.

Thank You

Prabal Basu

Chairman

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