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Balmer Lawrie Investment Ltd.

BSE: 532485 Sector: Financials
NSE: N.A. ISIN Code: INE525F01017
BSE 00:00 | 26 Feb 411.90 0.70
(0.17%)
OPEN

410.00

HIGH

415.65

LOW

403.00

NSE 05:30 | 01 Jan Balmer Lawrie Investment Ltd
OPEN 410.00
PREVIOUS CLOSE 411.20
VOLUME 10467
52-Week high 448.80
52-Week low 270.00
P/E 10.78
Mkt Cap.(Rs cr) 914
Buy Price 411.90
Buy Qty 6.00
Sell Price 411.90
Sell Qty 4.00
OPEN 410.00
CLOSE 411.20
VOLUME 10467
52-Week high 448.80
52-Week low 270.00
P/E 10.78
Mkt Cap.(Rs cr) 914
Buy Price 411.90
Buy Qty 6.00
Sell Price 411.90
Sell Qty 4.00

Balmer Lawrie Investment Ltd. (BALMERLAWINV) - Chairman Speech

Company chairman speech

Dear Esteemed Members

It is my privilege to present before you the 17th Annual Report of theCompany for the financial year 2017-18.

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 240% ('24/- per equity share). It is a persistent endeavour to provide maximum value to theshareholders for the investments 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 for2017-18.

I would take this opportunity to offer humble gratitude to the shareholders for vestingtheir 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 also like to thank our subsidiary company Balmer Lawrie & Co. Ltd. for itssupport and congratulate it for its continued performance and stability.

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

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