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Balmer Lawrie ends lower after board rejects capital restructuring plans
Balmer Lawrie & Company declined 5.14% to end at Rs 184.65 after the company's board decided against proceeding with a share buyback, bonus share issue and stock-split proposal.
Balmer Lawrie shares tumble 6% after board says no to bonus issue, stock split & share buyback proposals
Balmer Lawrie & Company's shares fell over 6% after the board decided against a proposed bonus issue, stock split, and share buyback, citing compliance with Ministry of Finance guidelines. The company did recommend a dividend of Rs 4.25 per share for FY26, while reporting a 12% year-on-year rise in Q4 net profit.
Welspun One leases 65,000 sq ft at JNPA SEZ to Balmer Lawrie for SEZ warehousing expansion
Welspun One and Balmer Lawrie have signed an agreement for warehousing space at WTC Nhava Sheva. This marks Welspun One's first partnership with a government-owned company. Balmer Lawrie will use the facility to expand its logistics operations. The development is expected to be operational by early 2027. This collaboration aims to enhance SEZ warehousing and port-linked logistics services.