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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment INVESTMENT COMPANY
Start date and time of board meeting 29-May-2025   14:00:00
End date and time of board meeting 29-May-2025   14:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-13
Indicate Company website link for updated RPT policy of the Company https://www.bfilpune.com/pdf/Policies%20and%20Terms/Related%20Party%20Transaction%20Policy%2013022025.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NOT APPLICABLE


Financial Results — NBFC
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 69680000 245570000
(ii) Dividend Income 363880000 1082550000
(iii) Rental Income 0 0
(iv) Fees and commission Income 0 0
(v) Net gain on fair value changes 18700000 32050000
(vi) Net gain on derecognition of financial instruments under amortised cost category 0 0
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 452260000 1360170000
Other income 10000 7150000
Total income 452270000 1367320000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 640000 3000000
Finance costs 0 0
Depreciation, depletion and amortisation expense 1100000 4320000
Fees and commission expense 0 0
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 0 0
(f) Other expenses
1 Other expenses 48840000 69060000
Total other expenses 48840000 69060000
Total expenses 50580000 76380000
3 Total profit before exceptional items and tax 401690000 1290940000
4 Exceptional items 0 0
5 Total profit before tax 401690000 1290940000
7 Tax expense
8 Current tax 90000000 321000000
9 Deferred tax 2970000 45150000
10 Total tax expenses 92970000 366150000
11 Net Profit Loss for the period from continuing operations 308720000 924790000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period 308720000 924790000
16 Other comprehensive income net of taxes -1950190000 783160000
17 Total Comprehensive Income for the period -1641470000 1707950000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 188340000 188340000
Face value of equity share capital 5 5
21 Reserves excluding revaluation reserve 29396360000
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 8.2 24.55
Diluted earnings per share from continuing operations 8.2 24.55
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 8.2 24.55
Diluted earnings per share 8.2 24.55
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 their respective meetings held on May 29, 2025. 2. The financial results have 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 Company holds investment in listed entity. Changes in fair value in respect of those investments is accounted for in other comprehensive income. In compliance with Ind AS 12, the Company was making accounting provisions for Deferred Tax as per applicable law on changes in fair value on this investment. For the listed entity, the Finance (No. 2) Act, 2024 changed the tax rate with respect to long-term capital gains from 10% plus surcharge and cess to 12.5% plus surcharge and cess. Further, for the unlisted entity. the said Act withdrew the indexation benefit on long-term capital gains and the tax rate was changed from 20% plus surcharge and cess (with indexation) to 12.5% plus surcharge and cess (without indexation). Due to the aforesaid changes, the accounting provision for Deferred Tax created on changes in fair value has been consequently increased while computing the other comprehensive income from the period ended September 30, 2024. It is to be noted that only a provision is being made in the books of accounts at this point of time to record the Deferred Tax, in line with the applicable accounting standards and the recently enacted tax change. The actual payment of tax would be made at the time of sale /transfer of these investments. The cash outflow towards tax could be different at the time of sale/ transfer depending on the actual gain and prevailing tax regulations. 5. Consolidated other comprehensive income for the quarter ended 30th Sept 2024 includes Rs. 10,177.07 Millions as a share of KSL Holdings Private Limited, an associate company, which represents cumulative fair valuation gain for the period ended September 30, 2024 on quoted equity shares held by KSL Holdings Private Limited, recognized in compliance of Ind AS 109 “Financial Instrument”. 6. 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. (previously known as Carpenter Kalyani 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. 7. 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. 8. 'The figures pertaining to quarter ended March 31, 2025 and March 31, 2024 are the derived figures between the audited amounts for the year ended March 31, 2025 and March 31, 2024 and unaudited amounts published for the nine months ended December 31, 2024 and December 31, 2023 respectively. 9. 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: May 29, 2025


Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1290940000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 25000000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -7620000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -10000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 8980000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 4320000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -380000
Adjustments for other financial liabilities, non-current -2550000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -32050000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 70000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -4240000
Net cash flows from (used in) operations 1286700000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 334430000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 952270000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 210420000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 320000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 1440540000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -1230440000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 0
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -278170000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -278170000
Cash and cash equivalents cash flow statement at beginning of period 351150000
Cash and cash equivalents cash flow statement at end of period 72980000




Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 72980000
Bank Balance other than (a) above 3961240000
Derivative financial instruments 0
Receivables
(I) Trade Receivables 0
(II) Other Receivables 0
Loans 232990000
Investments 26076230000
Other Financial assets 299980000
Total Financial Assets 30643420000
2 Non Financial Asset
Inventories 0
Current tax assets (Net) 3200000
Deferred tax Assets (Net) 0
Investment Property 129660000
Biological assets other than bearer plants 0
Property, Plant and Equipment 14920000
Capital work-in-progress 0
Intangible assets under development 0
Goodwill 0
Other Intangible assets 0
Other non-financial assets (to be specified) 2720000
Total Non Financial Assets 150500000
Total assets 30793920000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 188340000
Other equity 29396360000
Total equity attributable to owners of parent 29584700000
Non controlling interest
Total equity 29584700000
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0
(b) Payables
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 20000
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 10000
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
(C ) Debt Securities 0
(d) Borrowings (Other than Debt Securities) 0
(e) Deposits 0
(f) Subordinated Liabilities 0
(g) Other financial liabilities 41150000
Total Financial Liabilities 41180000
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 12270000
(b) Provisions 120000
(C ) Deferred tax liabilities (Net) 1155650000
(d) Other non-financial liabilities 0
Total Non Financial Liabilities 1168040000
Total liabilities 1209220000
Total equity and liabilites 30793920000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement (gains)/ loss on defined benefit plans 10000 10000
2 Changes in fair value of Investment -2275610000 1184480000
Total Amount of items that will not be reclassified to profit and loss -2275600000 1184490000
2 Income tax relating to items that will not be reclassified to profit or loss -325410000 401330000
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 0
5 Total Other comprehensive income -1950190000 783160000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/S P G BHAGWAT LLP Yes 31-May-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 BF INVESTMENT LIMITED Mr. Amit B. Kalyani Other Related Party Any other transaction Sitting Fees 1000000 Approved 30000 0 0
2 BF INVESTMENT LIMITED Mr. M. U. Takale Other Related Party Any other transaction Sitting Fees 1000000 Approved 30000 0 0
3 BF INVESTMENT LIMITED Mr. B. S. Mitkari Other Related Party Any other transaction Sitting Fees 1000000 Approved 30000 0 0
4 BF INVESTMENT LIMITED Mr. S. G. Joglekar Other Related Party Any other transaction Sitting Fees 1000000 Approved 30000 0 0
5 BF INVESTMENT LIMITED Ms. A. A. Sathe Other Related Party Any other transaction Sitting Fees 1000000 Approved 30000 0 0
6 BF INVESTMENT LIMITED Mr. V S Kulkarni Other Related Party Any other transaction Sitting Fees 1000000 Approved 10000 0 0
7 BF INVESTMENT LIMITED Mrs. Gayatri Pendse KMP Remuneration 2000000 Approved 420000 50000 0
8 BF INVESTMENT LIMITED Mr. Akshay Jagtap KMP Remuneration 2000000 Approved 610000 0 0
9 BF INVESTMENT LIMITED Mr. Amit B. Kalyani Other Related Party Any other transaction Directors Commission 27500000 Approved 27500000 0 27500000
10 BF INVESTMENT LIMITED Mr. M. U. Takale Other Related Party Any other transaction Directors Commission 2130000 Approved 2130000 0 2130000
11 BF INVESTMENT LIMITED Mr. B. S. Mitkari Other Related Party Any other transaction Directors Commission 2130000 Approved 2130000 0 2130000
12 BF INVESTMENT LIMITED Mr. S. G. Joglekar Other Related Party Any other transaction Directors Commission 2120000 Approved 2120000 0 2120000
13 BF INVESTMENT LIMITED Ms. A. A. Sathe Other Related Party Any other transaction Directors Commission 2120000 Approved 2120000 0 2120000
14 BF INVESTMENT LIMITED Mr. V S Kulkarni Other Related Party Any other transaction Directors Commission 1500000 Approved 1500000 0 1500000
15 BF INVESTMENT LIMITED KSL HOLDINGS PRIVATE LIMITED Associate Company Dividend received 50000000 Approved 36000000 0 0
16 BF INVESTMENT LIMITED Meritor(HVS) India Ltd. Joint Venture Dividend received 500000000 Approved 187590000 0 0
17 BF INVESTMENT LIMITED BHARAT FOREGE LIMITED ENTERPRISE UNDER COMMON CONTROL Dividend received 300000000 Approved 39030000 0 0
18 BF INVESTMENT LIMITED HIKAL LIMITED ENTERPRISE UNDER COMMON CONTROL Dividend received 50000000 Approved 1970000 0 0
19 BF INVESTMENT LIMITED KALYANI TECHNOFORGE LIMITED ENTERPRISE UNDER COMMON CONTROL Dividend received 50000000 Approved 25230000 0 0
20 BF INVESTMENT LIMITED KALYANI TECHNOFORGE LIMITED ENTERPRISE UNDER COMMON CONTROL Any other transaction Redemption of preference shares 210420000 Approved 210420000 0 0
21 BF INVESTMENT LIMITED BF UTILITIES LIMITED ENTERPRISE UNDER COMMON CONTROL Any other transaction REPAYMENT OF LOAN RECEIVED 250000000 Approved 25000000 130000000 105000000
22 BF INVESTMENT LIMITED KTMS DESIGN AND ENGINEERING PRIVATE LIMITED (FORMERLY KNOWN AS KALYANI GLOBAL ENGINEERING PRIVATE LIMITED) Other Related Party Any other transaction Rent paid 3000000 Approved 1200000 0 0
23 BF INVESTMENT LIMITED Kalyani strategic mgt. services ltd. ENTERPRISE UNDER COMMON CONTROL Any other transaction Brand Fees Paid 1200000 Approved 500000 0 0
Total value of transaction during the reporting period 565630000