BF Investment settled penalties totaling ₹4,42,500 each with the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with board composition requirements during the quarter ended March 31, 2026. The exchanges levied the fine under Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically addressing the failure to appoint an independent woman director. The company has since rectified the vacancy, ensuring no material impact on its financial or operational activities.

The Board of Directors, in its meeting held on May 29, 2026, discussed the fine imposed via letters dated May 27, 2026. The Board confirmed the appointment of a Non-Executive Independent Woman Director for a period of three consecutive years effective March 17, 2026, noting that the company is now in compliance with Regulation 17(1). The payment of ₹4,42,500, inclusive of 18% GST, was made on May 28, 2026, ahead of the June 11, 2026 deadline.

The penalty structure included a base fine of ₹3,75,000 for 75 days of non-compliance at a rate of ₹5,000 per day, plus ₹67,500 as GST. BF Investment clarified that the delay occurred while identifying a suitable candidate. The disclosure was submitted in accordance with SEBI Listing Regulations and the Master Circular on Standard Operating Procedure for imposing fines, signed by Gayatri Pendse Karandikar, Company Secretary and Compliance Officer.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE878K01010/3b25fc5d0dd94a5a.pdf

bf investment has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be held in Pune to discuss the company's financial performance for the recent fiscal period.

Agenda for the Meeting

The primary focus of the board meeting is to consider and approve the Audited Financial Results for both the standalone and consolidated entities. These results pertain to the quarter and year ended March 31, 2026.

Additionally, the board will deliberate on the recommendation of a final dividend on equity shares for the financial year ended March 31, 2026. The declaration of a dividend is subject to the board's decision.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window for dealing in the company's securities has been closed since April 1, 2026. This restriction applies to all directors, designated persons, their immediate relatives, and specified connected persons.

The company has informed that the trading window will reopen for these individuals on Monday, June 1, 2026.

Key Meeting Details