5333032026-04-012026-06-305333032026-04-012026-06-30in-capmkt:OtherExpenses1Member5333032026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares533303BFINVESTNOTLISTEDINE878K01010BF INVESTMENT LIMITEDMain BoardEquity2026-04-012027-03-312026-08-142026-08-04INRMillionsQuarterlyFirst quarterSingle segmentInvestment Company2026-08-1413:00:002026-08-1413:15:00Not applicablefalsefalseThe Company is Debt free2026-04-012026-06-30UnauditedStandalone95300000000174900000001127900000112790000000700000074000000001008000011520000101270000010127000021600000295000024550000767200000000767200006798860000687558000018834000052.042.04002.042.041. 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 August 14, 2026. <br /> 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). <br /> 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. <br /> 4. The consolidated financial results include consolidated results of the following companies: <br /> Associate Companies % of ownership <br /> Kalyani Steels Limited 39.06% <br /> KSL Holdings Private Limited 42.52% <br /> Triumphant Special Alloys Pvt. Ltd. 45.51% <br /> Kalyani Financial Services Private Limited 49.00% <br /> Nandi Engineering Limited* 40.00% <br /> Synise Technologies Limited* 46.77% <br /> Joint Ventures <br /> Automotive Axles Limited 35.52% <br /> Meritor HVS (India) Limited 48.99% <br /> * Companies not considered for consolidation in view of no/immaterial operations and therefore immaterial with respect to the consolidated financial results. <br /> 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. <br /> In respect of the Company incremental impact on gratuity of Rs. 0.08 Millions and on long-term compensated absences of Rs. 0.05 Millions is disclosed under exceptional items and the estimated impact Rs. 85.33 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 year ended March 31, 2026. <br /> 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. <br /> 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. <br /> 7. 'The figures pertaining to quarter ended March 31, 2026 are the derived figures between the audited amounts for the year ended March 31, 2026 and unaudited amounts published for the nine months ended December 31, 2025. <br /> 8. Previous quarter/year figures have been regrouped and reclassified, wherever necessary to make them comparable with current period. <br /> For BF Investment Ltd. <br /> <br /> B.S. Mitkari <br /> Director <br /> DIN: 03632549 <br /> Duly Authorised by the Board of Directors on their behalf <br /> Place: Pune <br /> Date: August 14, 2026 <br /> Other expenses10080000Changes in fair value of investment78927400007892740000109388000006798860000