Balmer Lawrie has appointed Adhip Nath Palchaudhari as CMD of Board

State-owned Balmer Lawrie & Co Ltd has announced upon shareholder’s approval has announced to entrust the additional charge to Adhip Nath Pal Chaudhari as Chairman and Managing Director of the company Board. Currently, he is serving as Director (Service Business) on the Board.

 According to the exchange filing made, as per the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its Meeting held today, i.e., Monday, I st July 2024 have inter-alia, noted/approved the following:

Cessation of directorship of Shri Adika Ratna Sekhar, as Chairman and Managing Director of the Company with effect from lst July 2024 owing to his superannuation on 30th June 2024 as directed by Ministry of Petroleum and Natural Gas, Government of India, being the Administrative Ministry.

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 Entrustment of the additional charge of the post of Chairman and Managing Director of the Company upon Shri Adhip Nath Palchaudhuri, Director (Service Businesses) for three months with effect from I st July 2024, or till the appointment of regular incumbent to the post or until further orders whichever is the earliest.

Upon cessation of the directorship of Shri Adika Ratna Sekhar, as Chairman and Managing Director, owing to his superannuation, w.e.f 1st July 2024, Shri Adhip Nath Palchaudhuri has been entrusted with the additional charge of the post of Chairman and Managing Director of the Company w.e.f 1st July 2024, it added in the filing.

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Shri Adhip Nath Palchaudhuri holds a B.E (E&C) degree from the University of Roorkee (now IIT Roorkee) and a PGDM from IIM Lucknow. He has professional work experience of nearly 30 years.  

Prior to joining Balmer Lawrie & Co. Ltd., Shri Adhip Nath Palchaudhuri had worked with a wide variety of organizations in the IT Services/Consulting field in India and abroad.

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