BF Investment Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong consolidated performance despite modest standalone growth. The Board of Directors approved these results in their meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations showed steady performance in Q3FY26. Net profit after tax increased to Rs. 62.76 million compared to Rs. 60.35 million in Q3FY25, marking a growth of 3.99%. Total income rose to Rs. 101.12 million from Rs. 92.75 million in the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, standalone net profit reached Rs. 591.70 million compared to Rs. 616.07 million in the corresponding period of FY25, while total income was Rs. 847.82 million versus Rs. 915.05 million.

Consolidated Results Show Exceptional Growth

The consolidated financial results revealed remarkable performance, with net profit after tax surging to Rs. 893.84 million in Q3FY26 from Rs. 69.92 million in Q3FY25. This substantial increase was primarily driven by the share of net profit from associates, which contributed Rs. 1,108.13 million compared to Rs. 12.17 million in the previous year's quarter.

Revenue Composition and Other Comprehensive Income

The company's revenue streams consist primarily of interest income, dividend income, and net gains on fair value changes. Interest income increased to Rs. 81.47 million in Q3FY26 from Rs. 66.06 million in Q3FY25. Dividend income remained relatively stable at Rs. 57.19 million compared to Rs. 62.94 million in the previous year.

Other comprehensive income showed significant volatility, with standalone figures reaching Rs. 3,250.67 million in Q3FY26 compared to negative Rs. 2,730.85 million in Q3FY25. This was primarily due to changes in fair value of investments and their tax effects.

Associate Companies and Joint Ventures

BF Investment Limited maintains strategic investments in several associate companies and joint ventures. Key associates include Kalyani Steels Limited (39.06% ownership), KSL Holdings Private Limited (42.52%), and Kalyani Financial Services Private Limited (49.00%). The joint ventures comprise Automotive Axles Limited (35.52%) and Meritor HVS (India) Limited (48.99%).

Impact of New Labour Codes

The company disclosed the impact of new labour codes that became effective from November 21, 2025. The incremental impact on gratuity and long-term compensated absences totaling Rs. 0.15 million was disclosed under exceptional items. For associate and joint venture companies, the estimated impact of Rs. 81.45 million was included in the share of profit due to changes in the definition of wages under the new codes.

BF Investment Limited has informed stock exchanges about the Securities and Exchange Board of India's (SEBI) announcement of another special window for re-lodgement of transfer requests of physical shares. The initiative aims to facilitate ease of investing for investors and secure their rights in securities purchased prior to April 01, 2019.

SEBI Special Window Details

SEBI has opened the special window through its circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This follows the company's earlier intimation dated July 07, 2025, regarding similar provisions for physical share transfers.

Transfer Process and Restrictions

The special window covers transfer requests that were previously submitted but were rejected, returned, or not processed due to document deficiencies or procedural issues. All securities transferred during this period will be mandatorily credited to the transferee only in dematerialized mode.

Key Restrictions During Lock-in:

• Securities cannot be transferred during the one-year lock-in period
• Lien-marking of shares is prohibited
• Pledging of securities is not allowed
• Lock-in period starts from the date of registration of transfer

Company Support Infrastructure

BF Investment Limited and its Registrar and Transfer Agent (RTA) have established focused teams to handle these transfer requests efficiently. The company has provided multiple contact channels for investor assistance.

Regulatory Compliance

The notification was signed by Gayatri Rohan Karandikar, Company Secretary and Compliance Officer, on February 04, 2026. The company has ensured compliance with disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The SEBI circular and related information will be made available on the company's official website for easy access by investors. This initiative represents SEBI's continued efforts to facilitate investor rights and improve the ease of investing in physical securities that were purchased before the mandatory demat requirements came into effect.