BFL Asset Finvest Limited has appointed Mudit Singhi as a Non-Executive Independent Director for a five-year term. The appointment takes effect from August 7, 2026, following shareholder approval at the company’s 31st Annual General Meeting held on September 11, 2026.

Board Appointment Details

The members of BFL Asset Finvest approved the appointment during the AGM, which commenced at 3:00 pm and concluded at 3:34 pm on September 11, 2026. Mr. Singhi, who holds DIN 03171115, will serve until August 6, 2031.

The company disclosed the appointment under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with BSE Limited on September 14, 2026.

Profile and Compliance

Mr. Singhi holds a Master's Degree in Business Management from Pune and possesses over 15 years of experience in finance. His expertise covers financial management, corporate finance, business strategy, and financial planning.

The filing confirms that Mr. Singhi is not related to any existing directors of the company. He is also not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority.

BFL Asset Finvest Limited shareholders unanimously approved all resolutions at its 31st Annual General Meeting on September 11, 2026. The scrutinizer’s report, released on September 14, confirmed that every item passed with 100% of the votes cast in favor.

The meeting saw a total of 26,64,820 shares voted, representing 26.12% of the company’s total outstanding shares of 1,02,03,500. All voting occurred through remote e-voting between September 7 and September 10, 2026. No votes were cast during the virtual AGM session itself, and there were no invalid or abstaining votes recorded.

Voting Breakdown

Promoter and promoter group shareholders dominated the voting process, holding 27,61,001 shares as on the record date. They cast 26,61,001 votes, accounting for 96.38% of all polled shares. Public shareholders, who held 74,42,499 shares, contributed only 3,819 votes to the total count, representing just 0.05% of outstanding shares.

Resolutions Passed

Shareholders approved three key resolutions during the proceedings:

• Adoption of audited financial statements for FY25-26
• Reappointment of Mr. Mahendra Kumar Baid as Managing Director
• Appointment of Mr. Mudit Singhi as Independent Director

Mr. Mahendra Kumar Baid retires by rotation and offered himself for reappointment. The special resolution to appoint Mr. Mudit Singhi as an Independent Director also received full shareholder backing.

Governance and Process

CS Manoj Maheshwari of V.M. & Associates served as the scrutinizer for the e-voting process. Central Depository Services (India) Limited (CDSL) provided the remote e-voting platform. The company dispatched notices to 12,431 members via email and sent physical letters to 276 members whose email addresses were unavailable.

The cut-off date for determining voting eligibility was September 4, 2026. The remote e-voting window opened on September 7 at 9:00 am and closed on September 10 at 5:00 pm. All directors attended the meeting, which was chaired by Mr. Mahendra Kumar Baid. Company Secretary Ms. Darshika Khandelwal countersigned the scrutinizer’s report.