BF Investment Limited has filed a regulatory disclosure with the National Stock Exchange and BSE, confirming that no encumbrance has been created on its shareholding in Automotive Axles Limited during Financial Year 2025-26. The declaration was submitted on April 2, 2026, in compliance with SEBI regulations governing substantial shareholding acquisitions and takeovers.

Regulatory Compliance Declaration

The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and promoter group entities to declare any encumbrances created on their shareholding in listed companies. BF Investment Limited, acting on behalf of itself and other promoter group entities, confirmed that no such encumbrances were created during the specified financial year.

Promoter Group Details

The declaration covers the following entities within the promoter group:

Corporate Information

BF Investment Limited, incorporated with CIN L65993PN2009PLC134021, is based in Mundhwa, Pune Cantonment, Maharashtra. The company operates as part of the Kalyani Group and maintains its registered office in Pune. Company Secretary Gayatri Karandikar signed the disclosure document on behalf of BF Investment Limited.

Stock Exchange Communication

The disclosure was simultaneously submitted to both major Indian stock exchanges. The communication was addressed to the National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, Mumbai, and BSE Limited at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai. A copy of the declaration was also sent to Automotive Axles Limited at its registered office in Hootagalli Industrial Area, Mysore.

This regulatory filing demonstrates the company's commitment to maintaining transparency in promoter shareholding and adhering to SEBI's disclosure requirements for listed entities.

Automotive axles Limited has submitted a regulatory disclosure confirming that it does not qualify as a Large Corporate under the Securities and Exchange Board of India's debt securities framework. The announcement was made on April 23, 2026, addressing compliance requirements under multiple SEBI circulars related to fund raising through debt securities.

Regulatory Compliance Framework

The disclosure references three key SEBI circulars that govern fund raising by large entities through debt securities. These include SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022), and SEBI Circular No. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023. The company has confirmed its non-applicability under the framework specified in these regulatory guidelines.

Financial Position and Credit Rating

The company's financial disclosure reveals key metrics that support its non-Large Corporate status:

Compliance Officers and Authorization

The disclosure was jointly signed by two key executives of Automotive Axles Limited. Raman K, serving as Interim Chief Financial Officer, and Debadas Panda, Company Secretary and Compliance Officer, both digitally signed the document on April 23, 2026. Their signatures authenticate the company's confirmation of non-applicability under the SEBI Large Corporate framework.

Regulatory Implications

Under the SEBI framework, entities identified as Large Corporates face mandatory borrowing requirements through debt securities. The regulations include provisions for fines in case of shortfall, with a penalty of 0.20% of the shortfall amount levied by stock exchanges at the end of two-year block periods. By confirming its non-Large Corporate status, Automotive Axles Limited is exempt from these mandatory borrowing obligations and associated compliance requirements.

Company Background

Automotive Axles Limited operates from its registered office and manufacturing unit located in Hootagalli Industrial Area, Mysuru, Karnataka. The company maintains multiple quality certifications including ISO 9001:2015, IATF 16949:2016, EMS ISO 14001:2015, and OHSAS ISO 45001:2018, demonstrating its commitment to quality and environmental standards in its operations.