BF Investment Limited has informed the Exchange about revised disclosure of intimation of dine w.r.t query raised.
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BF Investment Limited informed the exchanges that NSE and BSE each levied a fine of Rs. 2,71,400 (inclusive of GST) for non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The non-compliance relates to the composition of the board, specifically the failure to appoint an independent woman director after the previous one resigned. The company paid both fines on March 2, 2026, well before the March 14, 2026 due date. The company stated it is actively searching for a suitable candidate to fill the vacancy and that there is no material impact on its financials or operations.
The fine is small relative to a listed company's finances and has already been paid, so direct financial impact is negligible. However, the continued non-compliance with board composition rules could invite further penalties or regulatory action if a woman independent director is not appointed soon.