BF Investment Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BFINVEST · price
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BF Investment Limited has disclosed the results of a postal ballot conducted for the appointment of Mrs. Mugdha Rajesh Vartak (DIN: 11613408) as a Non-Executive, Independent Director. The special resolution was passed with an overwhelming majority of 99.98%, with 28,833,750 votes in favor out of 28,839,424 valid votes cast. Only 6 shareholders voted against (5,674 votes, 0.02%). The e-voting period ran from April 7 to May 6, 2026, and the scrutineer was M/s. SVD & Associates, Company Secretaries, Pune. Total turnout was 76.56% of outstanding shares.
The appointment of a new Independent Director with near-unanimous shareholder support is a routine governance update with no material impact on the stock. It strengthens the board's independence and is slightly positive for corporate governance.