Bangalore Fort Farms: Two Independent Directors Step Down

Bangalore Fort Farms Limited , a company listed on the Bombay Stock Exchange (BSE) and Calcutta Stock Exchange (CSE), has announced significant changes to its board composition. The company disclosed the resignation of two Non-Executive Independent Directors, citing personal reasons for their departure.

Board Changes

The company reported the following resignations:

Director Name	DIN	Effective Date	Reason
Mr. Gaurav Singh	08595011	October 16, 2025 (Close of business hours)	Personal reasons
Mrs. Shalini Srivastava	10951727	October 16, 2025 (Close of business hours)	Personal reasons

Both directors have also relinquished their memberships in various board committees where they held positions as members or chairpersons.

Regulatory Compliance

Bangalore Fort Farms Limited submitted the disclosure to the BSE and Calcutta Stock Exchange on November 3, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided additional details as required by SEBI circulars dated July 13, 2023, and November 11, 2024.

Additional Information

The company's disclosure also revealed that neither Mr. Gaurav Singh nor Mrs. Shalini Srivastava held directorships or board committee memberships in any other listed entities prior to their resignations from Bangalore Fort Farms Limited.

Milan Bhatia, the Company Secretary & Compliance Officer (Membership No. A34850), signed off on the regulatory filing, ensuring adherence to the necessary disclosure requirements.

This development marks a change in the corporate governance structure of Bangalore Fort Farms Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.23%	-9.26%	-11.77%	-11.77%	-11.77%	-11.77%

Bangalore Fort Farms Limited has witnessed a significant shareholding change as Jagsakti Merchandise Private Limited reduced its stake in the company through an off-market transaction. The regulatory disclosure, filed under SEBI's Substantial Acquisition regulations, reveals important details about this ownership restructuring.

Transaction Overview

Parameter:	Details
Seller:	Jagsakti Merchandise Private Limited
Target Company:	Bangalore Fort Farms Limited
Shares Sold:	222,812
Stake Sold:	4.64%
Transaction Period:	October 17-24, 2025
Transaction Mode:	Off-Market Sale
Promoter Group Status:	Not part of promoter group

Shareholding Changes

The transaction has resulted in a notable shift in Jagsakti Merchandise's ownership position in Bangalore Fort Farms. The detailed shareholding pattern shows the impact of this divestment:

Holding Period:	Shares	Percentage	Voting Rights
Before Sale:	795,000	16.56%	16.56%
Shares Sold:	222,812	4.64%	4.64%
After Sale:	572,188	11.92%	11.92%

The company's total equity share capital remains unchanged at 47,99,400 shares, with the transaction representing a partial exit rather than a complete divestment.

Regulatory Compliance

The disclosure was filed on December 17, 2025, by Bhanu Mahajan, Director of Jagsakti Merchandise Private Limited (DIN: 00765876). Notably, the company mentioned that the disclosure was revised and resubmitted following an email received on December 12, 2025, highlighting certain discrepancies that required rectification.

Bangalore Fort Farms Limited's shares are listed on both the Bombay Stock Exchange (BSE) with scrip code 539120 and the Calcutta Stock Exchange (CSE) with scrip code 012644.

Market Context

This shareholding reduction comes amid ongoing corporate governance changes at Bangalore Fort Farms Limited. The company had previously announced board meeting considerations including resignations from multiple Independent Directors and changes in key committee constitutions. The convergence of these developments suggests a period of transition for the company as it navigates ownership changes and governance restructuring.