BF Investment Limited — Others, 07-07-2025: Shareholders meeting

BF Investment Limited has announced a board meeting on July 30, 2025, to consider the financial results for the quarter and half-year. The company will hold its 16th Annual General Meeting through video conferencing, wherein business will include adopting audited standalone and consolidated financial statements, and re-appointment of a director retiring by rotation. The Board recommends appointing M/s. SVD & Associates as Secretarial Auditors for five years and approving a commission of up to Rs. 27.5 Cr to Non-Executive Director Mr. A. B. Kalyani for FY 2024-25. The company remains a Non-Deposit taking Core Investment Company focusing on strategic investments primarily in Kalyani Group Companies, with principal income from dividends.

For FY 2024-25, standalone total income rose to Rs. 1367.32 Million with net profit after tax at Rs. 924.79 Million, while consolidated total income was Rs. 627.45 Million with net profit after tax of Rs. 2222.91 Million including share in associates and joint ventures. No dividend was recommended. The Board affirmed compliance with internal controls, corporate governance, and regulatory requirements. There were no reported cases of fraud or legal violations. The company continues to follow a robust risk management and corporate social responsibility framework, having earmarked CSR expenditure though a portion remains unspent and transferred to a dedicated account for use within three years. All directors and key managerial personnel meet the criteria of independence and have affirmed compliance with applicable codes of conduct. The company holds investments mainly in quoted shares and preference shares within the Kalyani Group, with a significant portion categorized as fair value through OCI and equity method accounting for associates and joint ventures. No changes were made to share capital during the year and promoters hold 74.13% of total shares.

Lastly, the company maintains a strong liquidity position, adequate internal control systems, and transparent related party transactions at arm’s length. No material regulatory penalties were imposed except a prior fine for a temporary non-compliance in board composition, which was duly remitted. The company operates with prudent financial risk management practices, including impairment assessments for financial assets and fair value measurement consistent with applicable accounting standards.