In terms of Regulation 30 of the Listing Regulations, Balmer Lawrie & Co has informed that the Board of Directors of the Company at its Meeting held on 24th March, 2023 has considered and approved the 'Incorporation of wholly owned subsidiary company with paid up share capital estimated to be Rs One Crore in Dubai to engage in 'Freight forwarding and Logistics Industry'. The details as required under Regulation 30 of the Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is attached as 'Annexure 1'.
The above information is a part of company’s filings submitted to BSE.