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BF Investment MD, chairman, board of directors and AGM

NSE: BFINVESTBSE: 533303FinanceSmall Cap

Last close ₹384.00down ₹8.85 (2.25%)BSE ₹383.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹392.85.

52-week range of traded prices to 23 Oct 2026
₹315.00Low, 30 Mar 2026₹584.70High, 13 Jul 2026
Market cap
₹1,446 Cr1,279th largest listed
P/E
3.7
P/B
0.2
Dividend yield
2.60%
ROE
5.0%
ROCE
0.8%
Debt to equity
0.00
Volume, NSE
17,98463.4% delivered

BF Investment board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAMIT BABASAHEB KALYANIRelated to the promoter
  • Company Secretary and Compliance OfficerGayatri Rohan Karandikar

6 directors3 independent3 non-executive

  • AMIT BABASAHEB KALYANI · ChairpersonNon-executive · joined Nov 2010 · reappointed Sep 2020 · 6 listed boards · 2 committee seats
  • VIRAJ SHAMBHU KULKARNIIndependent · joined Apr 2024 · reappointed Apr 2024 · 29 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • MADAN UMAKANT TAKALENon-executive · joined Nov 2010 · reappointed Sep 2022 · 3 listed boards · 3 committee seats, 1 as chair
  • SANJEEV GAJANAN JOGLEKARIndependent · joined Apr 2019 · reappointed Apr 2024 · 90 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 4 as chair
  • BHALCHANDRA SHANKAR MITKARINon-executive · joined Apr 2019 · reappointed Sep 2021 · 2 listed boards · 1 committee seat
  • MUGDHA RAJESH VARTAKIndependent · joined Mar 2026 · reappointed Mar 2026 · 6 months as independent · 2 listed boards · 2 as independent · 3 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • AARTI ARUN SATHE, left 15 Aug 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 Aug 20266 of 6 present3 independent · 76 days in between
    • 29 May 20266 of 6 present3 independent

  • Audit Committee

    Chair SANJEEV GAJANAN JOGLEKAR

    MADAN UMAKANT TAKALE, VIRAJ SHAMBHU KULKARNI, MUGDHA RAJESH VARTAK

    • 14 Aug 20264 of 4 present3 independent · 76 days in between
    • 29 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SANJEEV GAJANAN JOGLEKAR

    MADAN UMAKANT TAKALE, VIRAJ SHAMBHU KULKARNI, MUGDHA RAJESH VARTAK

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair MADAN UMAKANT TAKALE

    SANJEEV GAJANAN JOGLEKAR, BHALCHANDRA SHANKAR MITKARI

    • 14 Aug 20263 of 3 present1 independent · 76 days in between
    • 29 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair SANJEEV GAJANAN JOGLEKAR

    AMIT BABASAHEB KALYANI, MADAN UMAKANT TAKALE

    • 8 Sep 20262 of 3 present1 independent · 206 days in between
    • 13 Feb 20262 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair SANJEEV GAJANAN JOGLEKAR

    AMIT BABASAHEB KALYANI, MADAN UMAKANT TAKALE

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/S P G BHAGWAT LLPPeer-review certificate valid to May 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

BF Investment AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.BF Investment dividend history

Annual general meeting, 30 Jul 2026

28,170 shareholders on the register on 23 Jul 2026; present: 7 promoters and 48 others; votes counted by Sridhar Mudaliar / SVD & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt : a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, the reports of the Board of Directors and Auditors thereon. b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 76.62% · promoters 95.28% · institutions 76.99% · other public 21.26%

  2. To declare a dividend on Equity Shares for the Financial Year Ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 76.62% · promoters 95.28% · institutions 76.99% · other public 21.26%

  3. To appoint a director in place of Mr. Amit. B. Kalyani (DIN: 00089430), who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 6.00% · other public 1.02%

    Turnout: all 76.54% · promoters 95.17% · institutions 76.99% · other public 21.26%

  4. Payment of Commission to Non-Executive Director
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 3.11% · other public 1.09%

    Turnout: all 76.54% · promoters 95.17% · institutions 76.99% · other public 21.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 May 2026, 1 resolution

28,323 shareholders on the register on 31 Mar 2026; votes counted by SRIDHAR MUDALIAR / SVD & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Mugdha Rajesh Vartak (DIN: 11613408) as Non-Executive, Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 76.56% · promoters 95.28% · institutions 81.61% · other public 21.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Jul 2025, 4 resolutions

29,198 shareholders on the register on 23 Jul 2025; present: 8 promoters and 50 others; votes counted by MR. SRIDHAR G MUDALIAR / M/S SVD & ASSOCIATES.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt : a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon. b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.56% · promoters 95.28% · institutions 73.51% · other public 21.19%

  2. 2. To appoint a director in place of Mr. M U Takale (DIN: 01291287), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.31% · other public 0.80%

    Turnout: all 76.56% · promoters 95.28% · institutions 73.51% · other public 21.19%

  3. 3.Appointment of M/s. SVD & Associates, Company Secretaries as the Secretarial Auditors and fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.56% · promoters 95.28% · institutions 73.51% · other public 21.19%

  4. 4. Payment of Commission to Non-Executive Director
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.31% · other public 0.87%

    Turnout: all 76.49% · promoters 95.17% · institutions 73.51% · other public 21.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 Jul 2024, 3 resolutions

Present: 6 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :na) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, the reports of the Board of Directors and Auditors thereon.nb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.36% · promoters 95.28% · institutions 84.30% · other public 21.78%

  2. To appoint a director in place of Mr. B.S. Mitkari (DIN: 03632549), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 77.36% · promoters 95.28% · institutions 84.30% · other public 21.78%

  3. Payment of commission to Non-Executive Director
    SpecialPromoters have an interest in it
    98.91% for1.09% against

    Against: promoters 0.00% · institutions 57.01% · other public 0.01%

    Turnout: all 77.28% · promoters 95.17% · institutions 84.30% · other public 21.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jun 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Viraj Shambhu Kulkarni (DIN: 02963687) as an Independent Director of the Company for a term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 77.37% · promoters 95.25% · institutions 92.59% · other public 21.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2023, 5 resolutions

Present: 7 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :na) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon.nb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.30% · promoters 95.28% · institutions 73.54% · other public 22.04%

  2. To appoint a director in place of Mr. A. B. Kalyani (DIN: 00089430), who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.00% for1.00% against

    Against: promoters 0.00% · institutions 54.08% · other public 0.46%

    Turnout: all 77.30% · promoters 95.28% · institutions 73.54% · other public 22.04%

  3. Re-appointment of M/s P. G. Bhagwat LLP, Chartered Accountants, Pune (Firm Registration No.101118W/W100682) as Statutory Auditors of the Company and to fix their Remuneration
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 77.30% · promoters 95.28% · institutions 73.54% · other public 22.04%

  4. Re-appointment of Mr. Sanjeev G. Joglekar ( DIN: 00073826 ) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 77.30% · promoters 95.28% · institutions 73.54% · other public 22.04%

  5. Payment of commission to Non-Executive Director
    SpecialPromoters have an interest in it
    99.00% for1.00% against

    Against: promoters 0.00% · institutions 54.08% · other public 0.50%

    Turnout: all 77.30% · promoters 95.28% · institutions 73.54% · other public 22.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2022, 3 resolutions

Present: 1 promoter and 36 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :na) the audited standalone financial statements of the Company for the Financial Year ended March 31, 2022, the reports of the Board of Directors and Auditors thereon.nb) the audited consolidated financial statements of the Company for the Financial Year ended March 31, 2022 and the report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 76.98% · promoters 95.13% · institutions 73.04% · other public 21.72%

  2. Appointment of Mr.M. U. Takale, (DIN : 01291287) as a Director, liable to retire by rotation
    Ordinary
    99.27% for0.73% against

    Against: promoters 0.00% · institutions 46.60% · other public 0.21%

    Turnout: all 76.98% · promoters 95.13% · institutions 73.04% · other public 21.72%

  3. Payment of Commission to Non Executive Directors
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 76.98% · promoters 95.13% · institutions 73.04% · other public 21.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2021, 2 resolutions

Present: 3 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To consider and adopt :na) the audited standalone financial statements of the Company for the Financial Year ended March 31, 2021, the reports of the Board of Directors and Auditors thereon.nb) the audited consolidated financial statements of the Company for the Financial Year ended March 31, 2021 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.47% · promoters 96.10% · institutions 71.45% · other public 19.35%

  2. Appointment of Mr.B. S. Mitkari, (DIN : 03632549) as a Director, who retires by rotation, and being eligible, offers himself for re-appointment
    Ordinary
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 42.23% · other public 0.00%

    Turnout: all 76.47% · promoters 96.10% · institutions 71.45% · other public 19.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 6 May 2026, 1 fund house

  • Appointment of Mrs. Mugdha Rajesh Vartak (DIN: 11613408) as Non-Executive, Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 30 Jul 2025, 1 fund house

  • 1. To consider and adopt : a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon. b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the report of the Auditors thereon.MoreLess
    1 for0 against
  • 2. To appoint a director in place of Mr. M U Takale (DIN: 01291287), who retires by rotation and being eligible offers himself for re-appointment.
    1 for0 against
  • 3.Appointment of M/s. SVD & Associates, Company Secretaries as the Secretarial Auditors and fix their remuneration
    1 for0 against
  • 4. Payment of Commission to Non-Executive Director
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.