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.

BFL Asset Finvest will convene its 31st Annual General Meeting (AGM) on September 11, 2026, at 3:00 pm through video conferencing or other audio-visual means. The company has dispatched the notice and annual report for the financial year ended March 31, 2026 (FY26) to shareholders who have registered their email addresses, with physical communications sent to those without registered emails.

Agenda Highlights

The AGM agenda comprises ordinary and special business items aimed at governance continuity and board expansion:

• Adoption of Financial Statements: Shareholders will approve the audited financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Re-appointment of Managing Director: Mahendra Kumar Baid retires by rotation and offers himself for re-appointment. He has served as Managing Director since August 31, 2005.
• Appointment of Independent Director: The board seeks approval to appoint Mudit Singhi as an Independent Director for a term of five years, from August 7, 2026, to August 6, 2031.

Board Composition Details

The explanatory statement outlines the qualifications and tenure details for the directors involved in the resolutions.

Mr. Singhi, who holds a Master’s Degree in Business Management from Pune, was initially appointed as an Additional Director on August 7, 2026. The Nomination and Remuneration Committee recommended his appointment citing his expertise in financial management, corporate finance, and business strategy. He previously served as an Independent Director at Baid Finserv Limited until March 31, 2024.

Voting and Meeting Logistics

In compliance with SEBI Listing Regulations and Companies Act provisions, the company is offering remote e-voting facilities via Central Depository Services (India) Limited (CDSL).

• E-voting Period: September 7, 2026, at 9:00 am to September 10, 2026, at 5:00 pm.
• Record Date for Voting: September 4, 2026.
• Meeting Access: The VC/OAVM facility opens 30 minutes before the scheduled start time. Physical attendance is dispensed with, and proxy appointments are not available for this virtual meeting.

Shareholders holding shares in demat mode can vote through their depository participants or directly via CDSL/NSDL platforms using single login credentials. Those holding physical shares must log in to the CDSL e-voting system using their folio numbers and PAN.