Balmer Lawrie to demerge Travel & Vacations unit into wholly-owned subsidiary: Report
The proposal is aimed at providing greater operational efficiency to the division and supporting its growth, Palchaudhuri told PTI on the sidelines of the company's 109th annual general meeting (AGM).
- Sep 22, 2026,
- Updated Sep 22, 2026 6:24 PM IST
Diversified PSU Balmer Lawrie & Company Ltd has granted in-principle approval to demerge its Travel & Vacations strategic business unit into a wholly-owned subsidiary, news agency PTI reported, citing Chairman and Managing Director Adhip Nath Palchaudhuri.
The proposal is aimed at providing greater operational efficiency to the division and supporting its growth, Palchaudhuri told PTI on the sidelines of the company's 109th annual general meeting (AGM).
"The board has given in-principle approval for carving out the travel and vacations unit for operational efficiency and to attain high growth in the coming years. However, it is subject to approvals," Palchaudhuri told PTI.
The Travel & Vacations division currently has a turnover of around Rs 390 crore, accounting for approximately 13-14 per cent of Balmer Lawrie's total revenue, according to the PTI report. The management expects the division to cross Rs 500 crore in revenue within two to three years, it added.
In an exchange filing, Balmer Lawrie said it delivered a robust financial performance in FY26 despite a complex operating environment shaped by global headwinds.
The company said its Travel & Vacations division was a key growth driver during the year. Registrations on its exclusive Government of India employee travel portal increased 25 per cent, while ticketing volumes in the travel segment rose 15 per cent year-on-year (YoY). The Vacations, Retail and MICE divisions also recorded their highest-ever gross toplines, the company said.
Meanwhile, shares of Balmer Lawrie settled 0.51 per cent higher at Rs 167 on Tuesday. At Tuesday's closing price, the stock has gained 5.86 per cent over the past six months.
Diversified PSU Balmer Lawrie & Company Ltd has granted in-principle approval to demerge its Travel & Vacations strategic business unit into a wholly-owned subsidiary, news agency PTI reported, citing Chairman and Managing Director Adhip Nath Palchaudhuri.
The proposal is aimed at providing greater operational efficiency to the division and supporting its growth, Palchaudhuri told PTI on the sidelines of the company's 109th annual general meeting (AGM).
"The board has given in-principle approval for carving out the travel and vacations unit for operational efficiency and to attain high growth in the coming years. However, it is subject to approvals," Palchaudhuri told PTI.
The Travel & Vacations division currently has a turnover of around Rs 390 crore, accounting for approximately 13-14 per cent of Balmer Lawrie's total revenue, according to the PTI report. The management expects the division to cross Rs 500 crore in revenue within two to three years, it added.
In an exchange filing, Balmer Lawrie said it delivered a robust financial performance in FY26 despite a complex operating environment shaped by global headwinds.
The company said its Travel & Vacations division was a key growth driver during the year. Registrations on its exclusive Government of India employee travel portal increased 25 per cent, while ticketing volumes in the travel segment rose 15 per cent year-on-year (YoY). The Vacations, Retail and MICE divisions also recorded their highest-ever gross toplines, the company said.
Meanwhile, shares of Balmer Lawrie settled 0.51 per cent higher at Rs 167 on Tuesday. At Tuesday's closing price, the stock has gained 5.86 per cent over the past six months.