BF Investment Limited has disclosed a fine of ₹2,71,400 each, totaling ₹5,42,800 (inclusive of GST), levied by the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). This action stems from non-compliance with Regulation 17(1) of the SEBI Listing Regulations concerning the composition of the Board, specifically the failure to appoint an independent woman director. The company received communications regarding this non-compliance on February 27, 2026. BF Investment Limited clarified that it is actively in the process of identifying a suitable candidate with integrity, expertise, and experience to fill the vacancy created by the resignation of an Independent Woman Director. This appointment is intended to comply with Regulation 17 and Regulation 17(1)(c) of the SEBI Listing Regulations, 2015. The company has already paid the fines to both NSE and BSE on March 02, 2026. The due date for payment was March 14, 2026. BF Investment Limited stated that there is no material impact on its financials, operations, or other activities due to this issue.
