StockWatch
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Non Banking Financial Company (NBFC)
Corporate Governance7 Aug 2026, 04:20 pm

BFL Asset Finvest Authorizes KMP for Disclosure Decisions

AI Summary

BFL Asset Finvest Ltd announced that its Board of Directors, in a meeting held on August 7, 2026, has severally authorized Key Managerial Personnel (KMP) to determine the materiality of events and information for disclosure purposes. This authorization is in compliance with Regulation 30(5) of the Listing Regulations. The authorized KMPs include Mr. Mahendra Kumar Baid (Managing Director), Mr. Ravi Bohra (Chief Financial Officer), and Ms. Darshika Khandelwal (Company Secretary & Compliance Officer). This delegation aims to streamline the disclosure process and ensure timely reporting of material information to the stock exchange. The authorization is effective from August 7, 2026, until further modification by the Board.

Key Highlights

  • Board authorizes KMPs to determine materiality of disclosures.
  • Authorization is effective from August 7, 2026.
  • Aims to streamline stock exchange disclosure process.
  • Includes MD, CFO, and Company Secretary.
  • Compliance with Listing Regulations Regulation 30(5).