BFL Asset Finvest accepts resignation of Neha Mangnani as Company Secretary

1 min read Updated on 30 Jun 2026, 07:49 PM

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Riya DScanX News Team

AI Summary

BFL Asset Finvest accepted the resignation of Ms. Neha Mangnani as Company Secretary and Compliance Officer effective June 30, 2026, due to personal reasons. The company confirmed there are no other material reasons for her departure and disclosed the information to BSE Limited in compliance with Regulation 30 of the SEBI Listing Regulations.

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BFL Asset Finvest has accepted the resignation of Ms. Neha Mangnani as its Company Secretary and Compliance Officer, effective from the close of business hours on June 30, 2026. The resignation, driven by personal reasons, was tendered via a letter dated June 04, 2026. The management reviewed the submission and fixed the relieving date as June 30, 2026, confirming her commitment to a smooth transition and completion of pending tasks.

The company stated there are no other material reasons for the resignation beyond those provided in her letter. The disclosure was submitted to BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The following table details the key information regarding the change in key managerial personnel:

Sr. No.	Particulars	Description
1.	Reason for Change	Resignation of Ms. Neha Mangnani, Company Secretary and Compliance Officer of the Company, with effect from closure of business hours on Tuesday, June 30, 2026 due to her personal reasons.
2.	Date of Cessation	Resigned with effect from the Closure of business hours on Tuesday, June 30, 2026.
3.	Brief Profile	Not Applicable
4.	Disclosure of relationships	Not Applicable

The filing was signed by Mahendra Kumar Baid, Managing Director of BFL Asset Finvest, on June 30, 2026.

Historical Stock Returns for BFL Asset Finvest

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	+1.67%	-23.88%	-40.64%	-53.48%	-93.45%

Who will be appointed as the new Company Secretary and Compliance Officer to ensure regulatory continuity?

How will the resignation impact the company's ongoing compliance and reporting obligations during the transition period?

What steps is the management taking to ensure a smooth handover of responsibilities before June 30, 2026?

Financial Performance Overview

The performance for the fourth quarter of FY26 reflected a wider net loss of ₹835.89 crore. In comparison, the net loss for the same quarter in the previous year was ₹293.16 crore. Revenue from operations for the quarter ended March 31, 2026, was negative at ₹(12.94) crore, a sharp drop from ₹423.14 crore in the corresponding period of the previous year.

Key Financial Metrics

The board of directors approved the audited financial results during a meeting held on May 21, 2026. The statutory auditors issued an unmodified opinion on the results. The company's total expenses for the year increased to ₹2,420.89 crore from ₹1,976.78 crore in the prior year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	1,982.15	2,101.82
Total Income	1,861.04	2,141.98
Total Expenses	2,420.89	1,976.78
Net Profit/(Loss) for the period	(557.66)	123.62

Corporate Governance Updates

Alongside the financial results, the board approved the re-appointment of M/s. Shiv Shankar Khandelwal & Co., Chartered Accountants, as the Internal Auditors for the financial year 2026-2027. The trading window for designated persons and their relatives will open 48 hours after the declaration of the unaudited financial results.

Historical Stock Returns for BFL Asset Finvest

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	+1.67%	-23.88%	-40.64%	-53.48%	-93.45%

What specific restructuring or turnaround strategies is BFL Asset Finvest's management planning to implement to return to profitability in FY27?

How might the significant year-over-year deterioration in BFL Asset Finvest's financials impact its credit ratings and ability to raise capital in the near term?

What are the primary drivers behind the sharp increase in total expenses from ₹1,976.78 crore to ₹2,420.89 crore, and are these cost pressures expected to persist into FY27?