Secretarial Compliance Report for the year ended March 31, 2026
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BF Investment Limited has filed its Secretarial Compliance Report for FY 2025-26, certified by SVD & Associates, Company Secretaries. The report reveals a board composition violation: an Independent Woman Director resigned on August 14, 2025, and the vacancy remained unfilled beyond the 3-month deadline (November 14, 2025), until March 17, 2026. This caused non-compliance with Regulation 17(1) of SEBI LODR. BSE and NSE each levied fines of INR 2,71,400 (inclusive of GST) for the quarter ending December 31, 2025, which the company paid. A similar board composition issue occurred in April 2024 (Independent Director tenure completion). The company has no subsidiaries. Additionally, the promoter demat account was frozen by depositories due to non-compliances by related entity BF Utilities Limited. All other compliance areas including secretarial standards, policies, website maintenance, insider trading, and related party transactions were found satisfactory.
The board composition issues have been resolved but fines were paid for delayed compliance. The freezing of promoter demat accounts due to a related entity's non-compliance may raise governance concerns for investors.