The Board of Directors of the company in their meeting held today re-appointed Mr. Mahendra Kumar Baid as Managing Director of the company for further period of three years commecing from ....
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The Board of Directors of BFL Asset Finvest Limited has approved the re-appointment of Mr. Mahendra Kumar Baid as Managing Director for a further period of three years, from July 28, 2026 to July 27, 2029. The decision was taken at a board meeting held on July 29, 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the next Annual General Meeting. Mr. Baid is the founder of the company with over 35 years of experience in securities and finance, and he is not debarred from holding directorship by any regulatory authority. His spouse Mrs. Alpana Baid and son Mr. Aditya Baid both serve as Non-Executive Directors on the board.
Continuity in leadership is maintained as the founder-promoter remains at the helm for another three-year term, providing stability for shareholders. The re-appointment is subject to shareholder approval, so investors will have a chance to vote on it at the upcoming AGM.