You are here » Home » Companies » Company Overview » Balmer Lawrie Investment Ltd

Balmer Lawrie Investment Ltd.

BSE: 532485 Sector: Financials
NSE: N.A. ISIN Code: INE525F01017
BSE 00:00 | 19 May 369.35 0.05
(0.01%)
OPEN

365.10

HIGH

370.05

LOW

365.10

NSE 05:30 | 01 Jan Balmer Lawrie Investment Ltd
OPEN 365.10
PREVIOUS CLOSE 369.30
VOLUME 9792
52-Week high 498.70
52-Week low 361.00
P/E 12.23
Mkt Cap.(Rs cr) 820
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 365.10
CLOSE 369.30
VOLUME 9792
52-Week high 498.70
52-Week low 361.00
P/E 12.23
Mkt Cap.(Rs cr) 820
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

Chairman's Address

Dear Esteemed Members

Hope you and your family are keeping safe in these challenging times.

It is my privilege to present before you the 20th AnnualReport of the Company for the Financial Year 2020-21. As informed to in the notice of theAGM also in view of the massive outbreak of the COVID-19 pandemic and in compliance withcirculars of the Ministry of Corporate Affairs ("MCA") this AGM is being heldthrough VC/OAVM unlike the physical attendance of the members at a common venue inearlier years. You may be aware that your Company is a special purpose vehicle and theincome of your Company is primarily the dividend received from its subsidiary BalmerLawrie & Co. Limited and the interest received by promptly deploying the surplus fundinto fixed deposits. It is a pleasure to approach the members with a recommendation fordeclaration of a dividend of 380% (Rs.38.00 per equity share). It is a persistentendeavour to provide maximum value to the shareholders for the investments in the Company.

The Company constantly endeavours to ensure Compliance with CorporateGovernance Guidelines/norms to the extent of factors within its control. The Company hasmade contribution to PM CARES and Prime Minister's National Relief Fund towards itsCSR expenditure for 2020-21.

I would take this opportunity to offer humble gratitude to theshareholders for vesting their confidence in the management of the Company. I would liketo acknowledge the continuous support and guidance that we have been receiving from theMinistry of Petroleum & Natural Gas and other Ministries of the Govt. of India.

I would also like to thank our subsidiary company Balmer Lawrie &Co. Ltd. for its support and compliment it for its continued performance and stability.

I would also like to express thanks to our valued shareholdersbankers financial institutions and other stakeholders for their continued support andco-operation. Finally I must convey my gratitude to my colleagues on the Board for theirwise counsel and valued involvement in helping us to manage the affairs of the Company.

Thank You
SANDIP DAS
Chairman Non-Executive Director
Balmer Lawrie Investments Ltd.

.