Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find ....
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BFL Asset Finvest Limited held its 30th AGM on September 9, 2025, via video conferencing, attended by 38 members. The meeting ran from 3:00 PM to 3:36 PM. Key items included adoption of audited financial statements for FY 2024-25, re-appointment of Mr. Aditya Baid (director retiring by rotation), and appointment of new statutory auditors M/s ABSM & Associates to replace retiring auditors M/s Khilnani & Associates for a 5-year term until the 35th AGM. A secretarial auditor was also appointed for 5 years (April 2025 to March 2030), and Mr. Mahendra Kumar Baid was re-appointed as Managing Director via a special resolution. The Chairman noted that a previously approved Rights Issue was withdrawn by the Rights Issue Committee due to regulatory concerns, though the Board may revisit the fundraise later. Statutory auditors' report had no qualifications, while the secretarial audit report contained observations already explained in the Board's Report.
Shareholders should note the change in statutory auditors (from Khilnani & Associates to ABSM & Associates) and the re-appointment of the Managing Director, both routine but key governance events. The withdrawal of the Rights Issue removes a near-term dilution event but signals regulatory caution; any future fundraise could be dilutive depending on terms. Voting results are pending and will be declared within two working days.