BF Investment Limited has announced the appointment of Mrs. Mugdha Rajesh Vartak as an Additional Non-Executive Independent Director through an official board meeting outcome communicated to stock exchanges. The appointment was approved during a board meeting held on March 17, 2026, following recommendations from the Nomination and Remuneration Committee, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Meeting Outcomes and Regulatory Compliance

The Board of Directors convened on March 17, 2026, from 18:05 to 18:15 hours to deliberate on key governance matters. The company has formally notified both National Stock Exchange of India Limited and BSE Limited about the appointment, ensuring full compliance with regulatory requirements under SEBI Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company has confirmed compliance with circulars issued by NSE and BSE dated June 20, 2018, stating that Mrs. Vartak has not been debarred from holding directorial positions by the Securities and Exchange Board of India or any other authority.

Director Profile and Qualifications

Mrs. Mugdha Vartak brings substantial expertise to BF Investment's board with over 20 years of strategic HR leadership experience. Her professional background spans multiple sectors including IT, Consulting, Automotive, and Education, where she has driven organization-wide people strategies and transformational initiatives.

Key Areas of Expertise

• Strategic management and leadership hiring
• Succession planning and organizational development
• Learning and development programs
• Talent acquisition and retention strategies
• HR consulting and industrial psychology
• Career counselling and people management

Educational Credentials

Mrs. Vartak holds impressive academic qualifications that strengthen her directorial capabilities:

Next Steps and Shareholder Approval Process

The board has approved a draft notice for postal ballot to seek shareholder approval for the appointment. The notice, along with explanatory statements and relevant details, will be circulated to shareholders in due course and made available on the company's website at www.bfilpune.com .

The company has confirmed that Mrs. Vartak is not related to any other Director or Key Managerial Personnel on the board, ensuring independence in her directorial role. This appointment reflects BF Investment's commitment to strengthening its board composition with experienced independent directors who can contribute valuable insights to the company's governance and strategic direction.

BF Investment Limited has announced a proposed inter-se transfer of equity shares among its promoter group members, as disclosed in regulatory filings dated March 16, 2026. The transaction involves the transfer of 50,54,091 equity shares, representing 13.42% of the company's total share capital.

Transaction Details

The share transfer involves KSL Holdings Pvt Ltd as the seller and two entities as acquirers from the promoter group. The transaction is structured as an inter-se transfer among promoter group members, exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011.

Acquirer Details and Authorization

Two promoter group entities will acquire the shares from KSL Holdings Pvt Ltd. The regulatory filing includes authorization from directors of both acquiring companies, with formal intimation submitted to NSE, BSE, and the company secretary.

Shareholding Pattern Changes

The transaction will result in changes to individual entity holdings within the promoter group while maintaining the overall promoter group shareholding.

Before Transaction:

After Transaction:

Regulatory Compliance and Declarations

The disclosure has been made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 3 of SEBI (Prohibition of Insider Trading) Regulations, 2015. The acquirers have made several key declarations including compliance with all applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011, and confirmation that the acquisition price will not exceed 25% of the computed price.

Both acquiring entities, registered at Mundhwa, Pune, have submitted formal prior intimation under Regulation 10(5) of SEBI (SAST) Regulations to stock exchanges and the company. The authorized representatives have provided signed declarations confirming compliance with all specified conditions under the exemption provisions.

Overall Promoter Group Holdings

Despite the internal restructuring, the total promoter and promoter group shareholding will remain unchanged at 27,922,726 shares, representing 74.13% of the company's total share capital.

This inter-se transfer represents a strategic realignment within the promoter group without affecting the overall control structure of BF Investment Limited. The transaction rationale is stated as inter-se transfer of shares amongst promoters, with both acquiring entities maintaining their registered addresses at Mundhwa, Pune.