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 scheduled a crucial board meeting for November 1, 2025, to address significant changes in its leadership and compliance matters. The meeting, set to take place at 12:00 P.M. at the company's registered office in Kolkata, will tackle a range of important issues affecting the company's governance structure.

Director Resignations

The board will consider and record the resignations of four Independent Directors:

• Mr. Gaurav Singh
• Mrs. Shalini Srivastava
• Mr. Sundeep Kumar Tayal
• Mr. Naba Kumar Das

Mr. Naba Kumar Das and Mr. Sundeep Kumar Tayal had already tendered their resignations effective from the close of business hours on October 22, 2025, citing personal reasons.

Committee Restructuring

In light of these resignations, the board will deliberate on changes to the constitution of several key committees:

• Audit Committee
• Nomination & Remuneration Committee
• Stakeholders' Grievance Committee

These changes are likely to ensure the committees maintain their required composition and effectiveness following the departure of the independent directors.

Regulatory Compliance Matters

The board meeting will also address two significant regulatory issues:

1. BSE Penalty: The board will consider and approve the payment of penalties levied by the Bombay Stock Exchange (BSE) for non-filing of voting results in XBRL format. They will also approve the submission of a management reply regarding this matter.

2. SEBI Compliance: The board will place on record the submission of a management reply concerning SDD Non-Compliance under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Impact on Corporate Governance

The simultaneous resignation of four independent directors raises questions about the company's corporate governance practices. Independent directors play a crucial role in protecting shareholder interests and ensuring transparency in company operations.

Investors and stakeholders will likely be watching closely to see how Bangalore Fort Farms addresses these changes and ensures continued adherence to regulatory requirements and corporate governance best practices.