Balmer Lawrie & Co. Ltd. received fines from BSE Limited and National Stock Exchange of India. Nature and details of the action(s) taken, initiated or order(s) passed: Fines of INR 536,900 and INR 536,900 respectively imposed on the Company vide e- mails dated 22 nd May, 2024 for non-compliance of Regulation 17(1) of the Listing Regulations for the quarter ended on 31st March, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed: The composition of the Board of Directors was not as per Regulation 17(1) of Listing Regulations owing to insufficient number of Independent Directors/Non-Executive Directors.