BF Investment Limited Appoints Independent Woman Director, Addresses NSE Compliance Concerns
BF Investment Limited announced the appointment of an Additional, Non-Executive - Independent Woman Director on March 17, 2026, effective immediately. The appointment is for a period of three consecutive years, concluding on March 16, 2029, and was recommended by the Nomination and Remuneration Committee. The appointment is subject to shareholder approval via postal ballot.The move follows a review of the company’s compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the composition of the Board, including the requirement to appoint an Independent Woman Director. The Board discussed and noted the fine imposed and reminder before potential freezing of Promoter holdings by the National Stock Exchange of India Ltd. (NSE) in letters dated February 27, 2026, and March 16, 2026.
The NSE had previously notified BF Investment Limited's Promoters regarding the non-compliance and potential freezing of promoter holdings, with a total fine of 230,000 Rupees plus 18% GST (41,400 Rupees), totaling 271,400 Rupees, due within 10 days. The NSE has outlined procedures for fine payment and waiver requests via the NEAPS portal.
Summary of Fine Details
The following table summarizes the fine details:| Regulation | Quarter | Fine amount per day / per instance (Rs.) | Days of Non-compliance / No. of instance | Fine amount (Rs.) |
|---|---|---|---|---|
| 17(1) | 31-Dec-2025 | 5,000 | 46 | 230,000 |
| Total fine | Total fine | Total fine | Total fine | 230,000 |
| GST@18% | GST@18% | GST@18% | GST@18% | 41,400 |
| Total Fine payable (Inclusive of 18% GST) | Total Fine payable (Inclusive of 18% GST) | Total Fine payable (Inclusive of 18% GST) | Total Fine payable (Inclusive of 18% GST) | 271,400 |
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