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Balmer Lawrie Investment Ltd.

BSE: 532485 Sector: Financials
NSE: N.A. ISIN Code: INE525F01017
BSE LIVE 15:40 | 24 Nov 466.95 1.85
(0.40%)
OPEN

466.00

HIGH

474.80

LOW

466.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 466.00
PREVIOUS CLOSE 465.10
VOLUME 4580
52-Week high 474.90
52-Week low 333.25
P/E 19.46
Mkt Cap.(Rs cr) 1,037
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 466.00
CLOSE 465.10
VOLUME 4580
52-Week high 474.90
52-Week low 333.25
P/E 19.46
Mkt Cap.(Rs cr) 1,037
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 16th Annual Report of the Company for thefinancial year 2016-17.

You may be aware that your Company is a special purpose vehicle and the income of yourCompany is primarily the dividend received from its subsidiary Balmer Lawrie & Co.Limited and the interest received by promptly deploying the surplus fund. It is a pleasureto approach the members with a recommendation for declaration of a dividend of 170%(Rs.17/- per equity share). It is a persistent endeavour to provide maximum value to theshareholders for the investments made by them in the Company.

The Company constantly endeavours to ensure Compliance with Corporate GovernanceGuidelines/norms to the extent of factors within its control. The Company has madecontribution to Prime Minister's National Relief Fund towards its CSR expenditure for2016-17.

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 thecontinuous support and guidance that we have been receiving from the Ministry of Petroleum& Natural Gas and other Ministries of the Govt. of India. I would like to thank oursubsidiary company Balmer Lawrie & Co. Ltd. and congratulate it for its commendablecorporate journey.

I would also like to express thanks to our valued shareholders bankers financialinstitutions and other stakeholders for their continued support and co-operation. FinallyI must convey my gratitude to my colleagues on the Board for their wise counsel and valuedinvolvement with whom I would strive my best.

Thank You

SHYAM SUNDAR KHUNTIA