The shares of Balmer Lawrie & Company dropped more than 6% on Monday after the company announced that its board has decided against the bonus issue, stock split and share buyback that the Miniratna PSU company earlier proposed, dampening investor sentiment.The manufacturer of greases and lubricants said that its board of directors during its meeting held on Sunday decided not to recommend the issue of bonus shares, stock split and share buyback with respect to “compliance of consolidated guidelines on general principles and mechanism for capital restructuring of CPSEs…issued by Ministry of Finance, Department of Investment and Public Asset Management”. Notably, the Kolkata-headquartered company had cancelled its proposed bonus issue, share buyback and stock split last year in May as well, citing similar reasons. Balmer Lawrie announces dividendMeanwhile, Balmer Lawrie said that its board has recommended a dividend of Rs 4.25 per share with a face value of Rs 10 each for the financial year 2026, subject to shareholders’ approval at its upcoming Annual General Meeting (AGM). Once approved, the said dividend will be paid to the eligible shareholders within 30 days from declaration.The record date to determine the eligibility of shareholders for the dividend will be announced later. Balmer Lawrie Q4 resultsBalmer Lawrie reported a consolidated net profit of Rs 84.5 crore for the January-March quarter of the financial year 2026, marking a 12% year-on-year rise from the Rs 75 crore net profit reported in the corresponding quarter of the previous financial year.The firm’s revenue from operations meanwhile grew more than 22% YoY to Rs 744 crore during the quarter under review, as against Rs 608 crore in the year-ago period. “The net income of the company for FY 2025-26 is Rs 2784.60 crores, registering a growth of 8.03% on the levels achieved in 2024-25. The PBT for the year ended 31st March 2026 increased by 5.44% to Rs 330.87 crores, and the PAT increased by 5.53% and stood at Rs 245.68 crores,” the company said in its press release.Balmer Lawrie share priceBalmer Lawrie share price declined more than 6% to trade at Rs 182.64 apiece on Monday. After hitting a fresh 52-week high of Rs 238 apiece in September last year, the shares of the PSU company tumbled around 38% in around six months to hit a fresh 52-week low of Rs 148.36 apiece in March this year.The stock has so far recovered 23% since then, but is still down more than 23% from its record high level. The stock has gained 4% in one month but fell 15% in one year. In the longer term, the shares of the company gained 49% in three years and 34% in five years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)