News

Miniratna PSU does not recommend bonus issue, stock split or share buyback along with Q4 resultsBalmer Lawrie has earlier issued three bonus shares for every four shares held back in May 2013, three bonus shares for every one share held in December 2016 and one bonus share for every two shares held in December 2019.By Hormaz Fatakia   May 16, 2025, 5:28:10 AM IST (Published)2 Min ReadBalmer Lawrie & Co. Ltd., a miniratna Public Sector Undertaking (PSU), which is owned by over 1 lakh small shareholders, announced its quarterly results after market hours on Thursday, May 16. However, the company's board neither recommended the issue of bonus shares, nor did it announce a stock split or a share buyback.

The company had announced on April 28, that it may consider the issue of bonus shares, stock split or a share buyback along with its quarterly results, in-line with the capital restructuring mechanism of CPSEs, issued by the DIPAM.

"The board had looked into and analysed with respect to the compliance of consolidated guidelines on general principles and mechanism for capital restructuring of CPSEs and has decided not to buyback the shares of the company," Balmer Lawrie said in an exchange filing, and cited the same rationale for not recommending a bonus issue of shares or a stock split.

Instead, the board has approved a dividend of ₹8.5 per share for its shareholders, which will be subject to approval by them at the upcoming Annual General Meeting (AGM) of the company, and will be paid within 30 days of approval.

Balmer Lawrie has earlier issued three bonus shares for every four shares held back in May 2013, three bonus shares for every one share held in December 2016 and one bonus share for every two shares held in December 2019.

The dividend of ₹8.5 per share is similar to what was announced by the company back in September 2024. It is yet to split its stock or carry out a share buyback.

Retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 20% stake in the company. Balmer Lawrie Investments, classified as a public shareholder, has a 62% stake, while New India Assurance has a 1.1% stake.

Larger retail shareholders, or those with an authorised share capital in excess of ₹2 lakh, have a 7.13% stake in the PSU at the end of the March quarter.

Shares of Balmer Lawrie and Company had ended 3% higher on Thursday before the results were announced at ₹226. The stock has risen 18% in the last one month, reversing all of its losses for 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBonus sharesShare Buybackshare market todayStock Split