BF Investment Limited completed significant promoter group restructuring through inter-se transfers on March 24, 2026, involving three key entities. The transactions were disclosed under multiple SEBI regulations, with comprehensive regulatory filings submitted on March 25, 2026.

KSL Holdings Complete Divestment

KSL Holdings Private Limited (CIN: U65993PN2001PTC015938) disposed of its entire stake of 50,54,091 equity shares, representing 13.42% of the total share capital. The complete exit was executed through the inter-se transfer mechanism on March 24, 2026, with official disclosure made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Director D G Mahashabde signed the official disclosure documents on behalf of KSL Holdings, confirming the disposal through inter-se transfer among promoter group members. The transaction resulted in KSL Holdings' complete exit from BF Investment Limited.

Ajinkya Investment Major Acquisition

Ajinkya Investment And Trading Company (CIN: U65993PN1976ULT018893) acquired 25,54,091 equity shares representing 6.78% of the total share capital through the inter-se transfer mechanism. The acquisition was executed on March 24, 2026, with the transaction price set at approximately Rs. 358.20 per share as disclosed in the regulatory filings submitted by Director D G Mahashabde.

The acquisition resulted in Ajinkya Investment's shareholding increasing substantially, representing the largest single position within the promoter group structure following the restructuring.

Sundaram Trading Acquisition

Sundaram Trading And Investment Pvt Ltd simultaneously acquired 25,00,000 equity shares through the same inter-se transfer arrangement. The company's shareholding position increased substantially, consolidating its presence within the promoter group framework as disclosed by Director S B Kanade.

Regulatory Compliance Framework

The transactions were conducted under comprehensive SEBI regulatory framework, with disclosures made pursuant to Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers utilized the exemption provided under Regulation 10(1)(a)(ii) for inter-se transfers among promoter group members.

The aggregate promoter and promoter group shareholding remained unchanged at 2,79,22,726 shares (74.13%), confirming the internal restructuring nature of these transactions. Both D G Mahashabde and S B Kanade provided digital signatures on the official regulatory disclosures submitted to BSE Limited and National Stock Exchange of India Limited.

Company Structure Details

BF Investment Limited maintains its listing on both BSE and NSE with comprehensive regulatory compliance. The company's equity structure remained stable throughout the promoter group restructuring process.

BF Investment Limited has announced the appointment of Mrs. Mugdha Rajesh Vartak as an Additional Non-Executive Independent Director through an official board meeting outcome communicated to stock exchanges. The appointment was approved during a board meeting held on March 17, 2026, following recommendations from the Nomination and Remuneration Committee, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Meeting Outcomes and Regulatory Compliance

The Board of Directors convened on March 17, 2026, from 18:05 to 18:15 hours to deliberate on key governance matters. The company has formally notified both National Stock Exchange of India Limited and BSE Limited about the appointment, ensuring full compliance with regulatory requirements under SEBI Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company has confirmed compliance with circulars issued by NSE and BSE dated June 20, 2018, stating that Mrs. Vartak has not been debarred from holding directorial positions by the Securities and Exchange Board of India or any other authority.

Director Profile and Qualifications

Mrs. Mugdha Vartak brings substantial expertise to BF Investment's board with over 20 years of strategic HR leadership experience. Her professional background spans multiple sectors including IT, Consulting, Automotive, and Education, where she has driven organization-wide people strategies and transformational initiatives.

Key Areas of Expertise

• Strategic management and leadership hiring
• Succession planning and organizational development
• Learning and development programs
• Talent acquisition and retention strategies
• HR consulting and industrial psychology
• Career counselling and people management

Educational Credentials

Mrs. Vartak holds impressive academic qualifications that strengthen her directorial capabilities:

Next Steps and Shareholder Approval Process

The board has approved a draft notice for postal ballot to seek shareholder approval for the appointment. The notice, along with explanatory statements and relevant details, will be circulated to shareholders in due course and made available on the company's website at www.bfilpune.com .

The company has confirmed that Mrs. Vartak is not related to any other Director or Key Managerial Personnel on the board, ensuring independence in her directorial role. This appointment reflects BF Investment's commitment to strengthening its board composition with experienced independent directors who can contribute valuable insights to the company's governance and strategic direction.