INTEGRATED FILING — NBFC



General information about company

Scrip code 533303
NSE Symbol BFINVEST
MSEI Symbol NOTLISTED
ISIN INE878K01010
Name of company BF INVESTMENT LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Investment Company
Start date and time of board meeting 13-02-2026   13:15:00
End date and time of board meeting 13-02-2026   14:15:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable


Financial Results — NBFC

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations
(i) Interest Income 814.70 2,331.50
(ii) Dividend Income 571.90 1,557.80
(iii) Rental Income 0.00 0.00
(iv) Fees and commission Income 0.00 0.00
(v) Net gain on fair value changes (376.00) (0.80)
(vi) Net gain on derecognition of financial instruments under amortised cost category 0.00 0.00
(vii) Sale of products (including Excise Duty) 0.00 0.00
(viii) Sale of services 0.00 0.00
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 1,010.60 3,888.50
Other income 0.60 150.80
Total income 1,011.20 4,039.30
2 Expenses
Cost of materials consumed 0.00 0.00
Purchases of stock-in-trade 0.00 0.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
Employee benefit expense 9.10 21.20
Finance costs 0.00 0.00
Depreciation, depletion and amortisation expense 7.30 21.60
Fees and commission expense 0.00 0.00
Net loss on fair value changes 0.00 0.00
Net loss on derecognition of financial instruments under amortised cost category 0.00 0.00
Impairment on financial instruments 0.00 0.00
(f) Other expenses
1 Other expenses 100.50 499.10
Total other expenses 100.50 499.10
Total expenses 116.90 541.90
3 Total profit before exceptional items and tax 894.30 3,497.40
4 Exceptional items (1.50) (1.50)
5 Total profit before tax 892.80 3,495.90
7 Tax expense
8 Current tax 313.00 2,000.00
9 Deferred tax 2,722.70 3,617.60
10 Total tax expenses 3,035.70 5,617.60
11 Net Profit Loss for the period from continuing operations (2,142.90) (2,121.70)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
17 Net profit (loss) from discontinued operation after tax 0.00 0.00
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 11,081.30 18,899.20
15 Total profit (loss) for period 8,938.40 16,777.50
16 Other comprehensive income net of taxes 74,113.40 84,546.90
17 Total Comprehensive Income for the period 83,051.80 1,01,324.40
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 8,938.40 16,777.50
Total profit or loss, attributable to non-controlling interests 0.00 0.00
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 83,051.80 1,01,324.40
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
20 Details of equity share capital
Paid-up equity share capital 1,883.40 1,883.40
Face value of equity share capital 5 5
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 23.73 44.54
Diluted earnings per share from continuing operations 23.73 44.54
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 23.73 44.54
Diluted earnings per share 23.73 44.54
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block

Textual Information(1) 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meetings held on February 13, 2026. 2. The financial results has been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act,2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI). 3. The Company is in the business of making investments in group companies, focusing on earning income through dividends, interest and gains on investment held, which is a single segment in accordance with Ind AS 108 - Operating segment notified pursuant to Companies (Indian Accounting Standards) Rules, 2015 as amended. 4. The consolidated financial results include consolidated results of the following companies: Associate Companies % of ownership Kalyani Steels Limited 39.06% KSL Holdings Private Limited 42.52% Triumphant Special Alloys Pvt. Ltd. 45.51% Kalyani Financial Services Private Limited 49.00% Nandi Engineering Limited* 40.00% Synise Technologies Limited* 46.77% Joint Ventures Automotive Axles Limited 35.52% Meritor HVS (India) Limited 48.99% * Companies not considered for consolidation in view of no/immaterial operations and therefore immaterial with respect to the consolidated financial results. 5. The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes viz. Code on wages 2019, Codes on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from November 21,2025. The corresponding draft rules under these codes have been issued by the Government. In respect of the Company incremental impact on gratuity of Rs. 0.09 Millions and on long-term compensated absences of Rs. 0.06 Millions is disclosed under exceptional items and the estimated impact Rs. 81.45 Millions for the associate & joint venture companies is included in the share of profit of associate due to change in definition of wages under the New Labour Codes is disclosed in the financial results for the for the quarter and nine months ended December 31, 2025. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as required. 6. The main source of income of the Company is by way of dividend on investments held by it, which is generally received/accrued in the second quarter of the year. 7. Previous quarter/year figures have been regrouped and reclassified, wherever necessary to make them comparable with current period. For BF Investment Ltd. B.S. Mitkari Director DIN: 03632549 Duly Authorised by the Board of Directors on their behalf Place: Pune Date: February 13, 2026




Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Changes in fair value of investment 3793080000 4111950000
2 Share of Associates & JV- changes in fair value of investments 4168010000 4946480000
3 Share of Associates & JV- Measurements on account of post employement benefit -7340000 -15730000
Total Amount of items that will not be reclassified to profit and loss 7953750000 9042700000
2 Income tax relating to items that will not be reclassified to profit or loss 5,424.10 5,880.10
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 74,113.40 84,546.90