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 (NSE) and BSE Limited (BSE) for non-compliance with Regulation 17(1) of the SEBI Listing Regulations concerning board composition, specifically the failure to appoint an independent woman director. The company received communications from NSE and BSE on February 27, 2026, regarding this non-compliance. 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 left by the resignation of an Independent Woman Director, aiming to comply with Regulation 17 and 17(1)(c) of the SEBI Listing Regulations, 2015. The company has already paid the fines of ₹2,71,400 to each exchange on March 02, 2026. The due date for payment was March 14, 2026. BF Investment Limited stated that there was no delay or default in the payment of these fines. The company emphasized that this situation has no material impact on its financials, operations, or other activities.
