Sundaram Trading Acquires 25,00,000 Equity Shares in BF Investment Through Inter-Se Transfer

Sundaram Trading And Investment Pvt Ltd has acquired a substantial stake in bf investment through an inter-se transfer among promoter group members, as disclosed in regulatory filings dated March 25, 2026. The acquisition represents a significant increase in the company's shareholding position in the target company.

Transaction Details

The acquisition involved 25,00,000 equity shares of BF Investment Limited, completed on March 24, 2026. The transaction was structured as an inter-se transfer among members of the promoter group, indicating an internal reorganization of shareholding within the existing promoter structure.

Transaction Parameter: Details Shares Acquired: 25,00,000 equity shares Transaction Date: March 24, 2026 Mode of Acquisition: Inter-se transfer among promoters Percentage Acquired: 6.63%

Shareholding Changes

The acquisition resulted in a notable increase in Sundaram Trading's ownership percentage in BF Investment Limited. Prior to this transaction, the company held 97,93,068 shares representing 26% of the total shareholding.

Shareholding Position: Before Acquisition After Acquisition Change Number of Shares: 97,93,068 1,22,93,068 +25,00,000 Percentage Holding: 26.00% 32.63% +6.63% Voting Rights: 26.00% 32.63% +6.63%

Company Structure

BF Investment Limited maintains its equity share capital structure unchanged following this transaction. The company's total equity share capital stands at Rs. 18,83,38,140, comprising 3,76,67,628 equity shares with a face value of Rs. 5 each.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sundaram Trading And Investment Pvt Ltd, identified by CIN U67110MH1976PTC018904, submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited, where BF Investment Limited shares are listed.

The transaction reflects internal restructuring within the promoter group rather than external acquisition, as both entities belong to the same promoter group structure of BF Investment Limited.

BF Investment Limited has announced the appointment of Mrs. Mugdha Rajesh Vartak as an Additional Non-Executive Independent Director through an official board meeting outcome communicated to stock exchanges. The appointment was approved during a board meeting held on March 17, 2026, following recommendations from the Nomination and Remuneration Committee, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Meeting Outcomes and Regulatory Compliance

The Board of Directors convened on March 17, 2026, from 18:05 to 18:15 hours to deliberate on key governance matters. The company has formally notified both National Stock Exchange of India Limited and BSE Limited about the appointment, ensuring full compliance with regulatory requirements under SEBI Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Parameter: Details Director Name: Mrs. Mugdha Rajesh Vartak DIN: 11613408 Position: Additional Non-Executive Independent Director Term Duration: 3 consecutive years Effective Period: March 17, 2026 to March 16, 2029 Approval Status: Subject to shareholder approval via postal ballot CIN: L65993PN2009PLC134021

The company has confirmed compliance with circulars issued by NSE and BSE dated June 20, 2018, stating that Mrs. Vartak has not been debarred from holding directorial positions by the Securities and Exchange Board of India or any other authority.

Director Profile and Qualifications

Mrs. Mugdha Vartak brings substantial expertise to BF Investment's board with over 20 years of strategic HR leadership experience. Her professional background spans multiple sectors including IT, Consulting, Automotive, and Education, where she has driven organization-wide people strategies and transformational initiatives.

Key Areas of Expertise

Strategic management and leadership hiring

Succession planning and organizational development

Learning and development programs

Talent acquisition and retention strategies

HR consulting and industrial psychology

Career counselling and people management

Educational Credentials

Mrs. Vartak holds impressive academic qualifications that strengthen her directorial capabilities:

Qualification: Institution/Details Executive MBA: Strategic HR Management from IIM Calcutta Post Graduate Diploma: Labor Law & Legislation from Symbiosis Institute, Pune University Post Graduate Diploma: HR Management from IMDR, Pune Post Graduate Diploma: Computer Management from IMCC, Pune University Master's Degree: Industrial Psychology from Pune University Bachelor's Degree: Psychology (National Merit Scholarship Recipient) Professional Certification: IRCA certified ISO 9001:2015 Lead Auditor

Next Steps and Shareholder Approval Process

The board has approved a draft notice for postal ballot to seek shareholder approval for the appointment. The notice, along with explanatory statements and relevant details, will be circulated to shareholders in due course and made available on the company's website at www.bfilpune.com .

The company has confirmed that Mrs. Vartak is not related to any other Director or Key Managerial Personnel on the board, ensuring independence in her directorial role. This appointment reflects BF Investment's commitment to strengthening its board composition with experienced independent directors who can contribute valuable insights to the company's governance and strategic direction.

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