Corporate Governance28 May 2026, 08:54 pm
BF Investment fined ₹8.85 Lacs by NSE & BSE for board composition non-compliance
AI Summary
BF Investment received emails from NSE and BSE on May 27, 2026, regarding non-compliance with Regulation 17(1) of Listing Regulations, specifically the failure to appoint an independent woman director for the quarter ended March 31, 2026. Both exchanges levied a fine of ₹4,42,500 each (inclusive of GST), totaling ₹8,85,000. The company clarified that it had already appointed a Woman Independent Director on March 17, 2026, thereby complying with the regulations. The total fine of ₹8,85,000 has been paid to NSE and BSE on May 28, 2026. The company states there is no material impact on its financials or operations.
Key Highlights
- BF Investment fined ₹8.85 Lacs by NSE & BSE.
- Fines were for non-compliance with independent woman director rule.
- Company appointed director on March 17, 2026, prior to fine intimation.
- Total fine of ₹8,85,000 paid to exchanges on May 28, 2026.
- No material impact on financials or operations reported by the company.
Price Impact
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