BF Investment Limited has informed the Exchange regarding Resignation of Ms Aarti Arun Sathe as Non- Executive Independent Director of the company w.e.f. August 15, 2025.
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BF Investment Limited has informed the stock exchanges that Ms. Aarti Arun Sathe (DIN: 06925030) has resigned as Non-Executive Independent Director of the company, effective from the close of business hours on August 14, 2025. She is also stepping down as a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The reason for her resignation is her elevation as an Additional Judge of the Bombay High Court, as per a Government of India notification dated August 13, 2025. She has confirmed there are no other material reasons for her departure. The Board has recorded its appreciation for her contributions during her tenure.
This is a routine, non-adverse board change driven by a prestigious career advancement (judicial appointment), not a governance red flag. The company will need to fill the vacant independent director seat in due course to comply with statutory board composition requirements. Minimal expected impact on the stock.