Rs 38 Dividend, 10:1 Split: Holding Sector PSU Issues Update On Split, Shares Up 122% In 1-Yr

Shares of small cap public sector undertaking from the holding sector, Balmer Lawrie Investments Ltd share surged 0.73% to 915.80 per share. The company's market capitalisation stood at Rs 2032.83 crore. Today, shareholders approved splitting of equity shares of Balmer Lawrie investments Limited. Balmer Lawrie Investments on May 28 recommended Rs 38 per equity share and 10:1 stock split. Balmer Lawrie investments shares zoomed 122% in last 1-year.

The PSU declared its net profit for the quarter ended March 31, 2024 at Rs 180.91 crore, up 13.8% as against Rs 158.97 crore in the corresponding quarter of last year. Check details below:

Balmer Lawrie investments Issues Update On Stock Split: As per the exchange filing issued on July 11, "This is with reference to our intimation dated 10th June, 2024 regarding Notice of Postal Ballot dated 28th May 2024 and in compliance with Regulation 30 of the Listing Regulations, this is to inforn that the Members of the Company have approved the following Ordinary/Special resolutions pertaining to Special Business through Postal Ballot by remote e-voting:

Item No. 1 - Ordinary Resolution - Splitting/Sub-dividing of one (l) Equity Share from face value of Rs. 10/- each into ten (10) Equity shares of face value of Rs. 1/- each fully paid-up, ranking pari-passu in all respects with the existing fully paid-up equity shares, w.e.f. the date fixed for the purpose by the Board of the Company."

Balmer Lawrie Dividend: Board of Directors at its Meeting dated 28th May, 2024 has recommended a Dividend of Rs. 38/- (Rupee thirty eight only) per Equity Share on 2,21,97,269 Equity Shares of the Company for the Financial Year ended 31 st March, 2024. The said dividend, if declared by the Shareholders at the ensuing Annual General Meeting of the Company shall be paid within 30 days from the date of such declaration.

Balmer Lawrie Investments Stock Split: The company on May 28 approved stock split in the ratio of 10:1 and has yet to fix the record date for the same.

Balmer Lawrie Investments Q4: Balmer Lawrie investments announced March 2024 quarter's total revenue from operations at Rs 270.68 crore as against Rs 243.58 crore announced in the cooresponding quarter of last year. Total income declared at Rs 270.68 crore as against Rs 255.03 crore announced in the same quarter of last year. Profit before tax of Balmer Lawrie for March 2024 quarter declared at Rs 244.17 crore from Rs 223.75 crore in March 2023.

Balmer Lawrie Investments Share Performance: Balmer Lawrie Investments shares zoomed 36% in last 3-months, soared 143% in last 2-years, offered 89% return in last 3-years and gained 110% in last 5-years. The 52-week high price of Balmer Lawrie Investments share is Rs 978.00 per share (as on 24/05/2024) and 52-week low price is Rs 386.10 per share (as on 26/10/2023), respectively.

Balmer Lawrie About: 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, according to its official website. It 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.

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