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:

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.

Bangalore Fort Farms Limited has undergone a significant change in its ownership structure as Jagsakti Merchandise Private Limited divested its entire shareholding in the company. The transaction, which took place over a week-long period, has implications for both the companies involved and potentially for the market.

Transaction Details

The sale represents a complete exit for Jagsakti Merchandise from Bangalore Fort Farms, as they no longer hold any shares in the company following this transaction.

Market Implications

Bangalore Fort Farms Limited, whose shares are listed on both the BSE and Calcutta Stock Exchange, may see some market reaction to this ownership change. While the acquirer has not been identified, it is noted that they are not part of the promoter group, which could potentially signal new strategic interests in the company.

Corporate Governance Updates

Coinciding with this ownership change, Bangalore Fort Farms Limited has announced a board meeting scheduled for November 1, 2025. The meeting agenda includes several significant items:

• Consideration of resignations from multiple Independent Directors
• Changes in the constitution of key committees including Audit, Nomination & Remuneration, and Stakeholders' Grievance
• Addressing compliance matters, including penalties for non-filing of voting results and management responses to regulatory queries

These corporate governance changes, coming on the heels of the stake sale, suggest a period of transition for Bangalore Fort Farms Limited. Investors and market watchers will likely be keen to observe how these changes might affect the company's future direction and performance.

The convergence of the stake sale and the announced board meeting underscores the dynamic nature of corporate ownership and governance in the Indian market. Stakeholders are advised to stay informed about such developments and their potential impacts on company strategy and market dynamics.