BF Investment Limited has informed the Exchange about Comments of Board on Non-Compliance.
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BF Investment Limited received a fine of Rs. 4,42,500 (including 18% GST) from NSE and BSE for non-compliance with Regulation 17(1) of the Listing Regulations. The non-compliance was for 75 days (from January 2026 to March 17, 2026) at Rs. 5,000 per day, totaling Rs. 3,75,000. The issue was the company's failure to appoint an Independent Woman Director on its Board. The company has since appointed a Non-Executive Independent Woman Director effective March 17, 2026, with shareholder approval, and claims to now be fully compliant with the regulation.
The fine has been paid and compliance has been restored, so no immediate shareholder impact is expected. However, the penalty highlights governance issues that investors should monitor going forward.