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The Government of India in view of its planned deregulation of the oil and gobalisation 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 favour 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 1,00,64,700 equity shares of Rs.10/- each of Balmer Lawrie & Co. Ltd.

3. Information about the Company :

    The Registered Office of the Company is situated in the State of West Bengal. The registered and only office of the Company is situated at the following address:
    - Name                                       :        Balmer Lawrie Investments Limited
    - Registered office                     :        21, Netaji Subhas Road, Kolkata 700001
    - Corporate Identity Number    :        L65999WB2001GOI093759
    - Telephone number                  :        033 22225 227
    - Email                                       :         lahoti.a@balmerlawrie.com
    - Name of the person
      who may be contacted
      in case of any queries
      or grievances                             :      Shri Abhishek Lahoti, Company Secretary”

4. Administrative control and the Board & Committee of Directors:

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 three and all are non-executive and out of which two are government nominee directors.

“The composition of the various committees as on 12 August 2016 is as under:

a)   Audit Committee

Smt. Perin Devi – Chairperson of the Committee
Shri Shyam Sundar Khuntia - Member
Smt. Kiran Vasudeva - Member

b)    Nomination and Remuneration Committee
Smt. Perin Devi – Chairperson of the Committee
Shri Shyam Sundar Khuntia - Member
Smt. Kiran Vasudeva - Member

c)     Stakeholders Relationship Committee          
Shri Shyam Sundar Khuntia - Chairman of the Committee
Smt. Perin Devi – Member
Smt. Kiran Vasudeva - Member

d)    Committee of Directors for Transfer of Shares, etc.
Smt. Perin Devi – Member
Shri Shyam Sundar Khuntia – Member
Smt. Kiran Vasudeva – Member

e)   Corporate Social Responsibility Committee
Smt. Perin Devi, Chairperson of the Committee
Shri Shyam Sundar Khuntia – Member
Smt. Kiran Vasudeva – Member

5. Subsidiary Companies:

The Company as on the date of its reporting has three subsidiaries namely, Balmer Lawrie & Co. Ltd., Visakhapatnam Port Logistics Park Limited (VPLPL) and Balmer Lawrie (U.K.) Ltd. (BLUK) (since VPLPL and BLUK are the subsidiaries 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.25,00,00,000/- (Rupees Twenty Five crore) divided into 2,50,00,000 Equity shares of Rs.10/- each.
Issued and subscribed capital of the Company is 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 in the Calcutta Stock Exchange and BSE Limited..

8. Details unpaid dividend as on 22.09.2016 (Date of AGM):

( Click here )

9. Details of Shareholders whose dividend is lying unpaid/unclaimed consecutively from 2009-10 to 2015-16: (Click here)