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The Government of India in view of its planned deregulation of the oil and globalization of the economy, decided to disinvest 33.58% of its total equity holding of 59.58% in IBP Co. Limited to a strategic partner with management control. In consequence to such disinvestment, the shareholding of IBP Co. Limited in its erstwhile subsidiary, Balmer Lawrie & Co. Limited, was decided to be de-merged in favor of Balmer Lawrie Investments Limited, which was incorporated on 20 September 2001 under the Companies Act, 1956, in which the President of India holds 59.67% of its total paid up equity capital.
1. Stipulation of the Reserve Bank of India:
Balmer Lawrie Investments Limited is also a non-banking financial Company as defined under section 45-I(f) of the Reserve Bank of India Act, 1934. On the basis of application given by the Company the RBI in exercise of their power conferred under section 45-NC of the Reserve Bank of India Act, 1934, has exempted the Company to comply with the formalities of registration and minimum net owned funds subject to the Compliance of the following provisions:
- a. The Company shall not conduct any business of financial institution as specified in section 45-I(c) and (f) of the RBI Act, 1934, other than acquiring shares of Balmer Lawrie & Co. Ltd., from IBP Co. Limited and subsequent disinvestment of these shares;
- b. The Company shall not deal with or transact in any other securities;
- c. The Company shall divest its shareholding and wind up its business on completion of disinvestment of shares of Balmer Lawrie & Co. Ltd & the exemption granted hereunder stands cancelled in the event breach of any of the above conditions by the Company.
2. Business:
The Company does not carry on any business except to hold 105679350 equity shares of Rs.10/- each of Balmer Lawrie & Co. Ltd
3. Information about the Company:
Name: Balmer Lawrie Investments Limited
Registered office: 21, Netaji Subhas Road, Kolkata 700001
Corporate Identity Number: L65999WB2001GOI093759
Telephone number: 033 22225 227
Email: lahoti[dot]a[at]balmerlawrie[dot]com
Name of the person who may be contacted in case of any queries or grievances: Shri Abhishek Lahoti, Company Secretary
3a. Information about the Company’s Registrar and Share Transfer:
Name: C B Management Services Private Limited
Address: Rasoi Court, 5th floor 20, Sir R N Mukherjee Road, Kolkata 700001
Registered Address: C – 101 1st Floor, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai - 400083
Website: http://www.cbmsl.com/
Telephone number: (033) 4011 6700
Fax: (033)4011 6739
Email: rta[at]cbmsl[dot]com
4. Administrative control and the Board & Committee of Director:
Balmer Lawrie Investments Limited, is presently under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India. The total strength of its Board is 3 (Three), all the Directors are Non-Executive Directors, out of which two are Government Nominee Directors and one is an Ex-officio – Non- Executive Director.
Composition of the various committees as on 7th December, 2023:
i) Audit Committee
- 1. Shri Arvind Nath Jha, Government Nominee Director - Chairperson
- 2. Shri Samir Kumar Mohanty, Government Nominee Director – Member
- 3. Shri Saurav Dutta, Non-Executive Director– Member
Quorum: The quorum for Audit committee meeting shall either be two members or one third of the members of the Audit committee, whichever is greater, with at least two independent directors (subject to the condition that the Board of Directors consists of 2 or more Independent Directors).
ii) Stakeholders Relationship Committee (SRC)
- 1. Shri Saurav Dutta, Non-Executive Director - Chairperson
- 2. Shri Arvind Nath Jha, Government Nominee Director – Member
- 3. Shri Samir Kumar Mohanty, Government Nominee Director – Member
Quorum: The quorum of the SRC meeting shall be either two members or one third of the members of the SRC, whichever is greater.
iii) Committee of Directors for Transfer of Shares, etc.
- 1. Shri Saurav Dutta, Non- Executive Director – Member
- 2. Shri Arvind Nath Jha, Government Nominee Director - Member
- 3. Shri Samir Kumar Mohanty, Government Nominee Director - Member
Quorum: The quorum of the meeting of the Committee of Directors for Transfer of Shares, etc. shall be any two members.
iv) Corporate Social Committee (CSR)
- 1. Shri Saurav Dutta, Non-Executive Director - Chairperson
- 2. Shri Arvind Nath Jha, Government Nominee Director – Member
- 3. Shri Samir Kumar Mohanty, Government Nominee Director – Member
Quorum: The quorum of the CSR Committee Meeting shall be either two members or one third of the members of the CSR Committee, whichever is greater.
v) Nomination and Remuneration Committee (NRC)
- 1. Shri Arvind Nath Jha, Government Nominee Director - Chairperson
- 2. Shri Samir Kumar Mohanty, Government Nominee Director – Member
- 3. Shri Saurav Dutta, Non-Executive Director – Member
Quorum: The quorum for Nomination and Remuneration Committee meeting shall be either two members or one third of the members of the Committee, whichever is greater, including at least one Independent Director (subject to the condition that the Board of Directors consists of 1 or more Independent Directors).
5. Subsidiary Companies:
The Company as on the date of its reporting has two subsidiaries namely, Balmer Lawrie & Co. Ltd. and Visakhapatnam Port Logistics Park Limited (VPLPL) (since VPLPL is the subsidiary of Balmer Lawrie & Co. Ltd.).
6. Capital structure, Authorised and the paid up capital:
The capital structure as on the date of reporting:
- Authorised share capital: Rs.100,00,00,000/- (Rupees One Hundred Crores only) divided into 10,00,00,000 Equity Shares of Rs.10/- each.
- Issued and subscribed capital: Rs.22,19,72,690/- (Rupees Twenty Two crore Nineteen lakhs Seventy Two thousand Six Hundred Ninety only) divided into 2,21,97,269 equity shares of Rs.10/- each.
7. Listing of the Equity shares:
The Equity shares of the Company are listed on BSE Limited.
8. Details of unpaid dividend as on 18.09.2019 (Date of previous AGM):
9. Details of Shareholders whose dividend is lying unpaid/unclaimed consecutively from 2011-12 to 2017-18:
IEPF Nodal Officer Details:
Nodal Officer: Shri Abhishek Lahoti
Designation: Company Secretary & Compliance Officer
Address: 21, N.S. Road, Kolkata-700001
Phone: 033-22225227
E-mail:lahoti[dot]a[at]balmerlawrie[dot]com
10. To Claim refund of shares transferred to IEPF please:
11. Details of Shareholders whose dividend is lying unpaid/unclaimed consecutively from 2015-16 to 2021-22:
12. Details of unpaid dividend as on 31st March,2020:
13. 21st Annual General Meeting of the Company:
14. Details of Unclaimed and Unpaid Dividend declared up to 31st March, 2022 :
15. Unpaid Dividend details for FY 2022-2023 :
16. Details of Unclaimed and Unpaid Dividend declared up to 31st March, 2023 :
17. Details of Shareholders whose dividend is lying unpaid/unclaimed consecutively from 2016-17 to 2022-23 :
18. Unpaid Dividend details for FY 2023-2024 :
19. Corporate Social Responsibility Annual Action Plan of Balmer Lawrie Investments Limited :
Corporate Social Responsibility Annual Action Plan of Balmer Lawrie Investments Limited for Financial Year 2023-24 (Click here)
Corporate Social Responsibility Annual Action Plan of Balmer Lawrie Investments Limited for Financial Year 2024-25 (Click here)
