Meeting Details

The 31st Annual General Meeting was held on Friday, September 11, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with MCA and SEBI circulars and provisions of the Companies Act, 2013. The meeting commenced at 03:00 P.M. (IST) and concluded at 03:34 P.M. (IST), including time allowed for e-voting at AGM.

Attendance

Directors and Key Managerial Personnel Present:

  • Mr. Mahendra Kumar Baid - Managing Director and Chairman of Risk Management Committee (Registered Office, Jaipur)
  • Mr. Aditya Baid - Non-Executive Director (Registered Office, Jaipur)
  • Mr. Ajay Agarwal - Independent Director (Jaipur)
  • Mrs. Alpana Baid - Non-Executive Director (Jaipur)
  • Mr. Kuldeep Jain - Independent Director (Registered Office, Jaipur)
  • Mr. Mudit Singhi - Additional Director (Non-Executive, Independent), Chairman of Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee (Jaipur)
  • Mr. Ravi Bohra - Chief Financial Officer (Registered Office, Jaipur)
  • Ms. Darshika Khandelwal - Company Secretary and Compliance Officer (Registered Office, Jaipur)

Other Attendees:

  • Mr. Shiv Shankar Khandelwal, Partner of M/s Shiv Shankar Khandelwal & Co., Chartered Accountants, Internal Auditor (Jaipur)
  • Mr. Manoj Maheshwari, Partner and Representative of M/s V.M. & Associates, Company Secretaries, Secretarial Auditor and Scrutinizer (Jaipur)
  • Mr. Anoop Bhatia, Partner and Representative of M/s ABSM & Associates, Statutory Auditors (Jaipur)

Quorum: 44 members attended the meeting through video conferencing.

Business Conducted

Ordinary Business:

1. Adoption of Audited Financial Statements for Financial Year 2025-26 together with Reports of Board of Directors and Auditors thereon - Ordinary Resolution

2. Re-appointment of Mr. Mahendra Kumar Baid (DIN: 00009828) as Managing Director who retires by rotation - Ordinary Resolution

Special Business:

3. Appointment of Mr. Mudit Singhi (DIN: 03171115) as Independent Director of the Company - Special Resolution

Key Proceedings

  • The Chairman confirmed that the Annual Report for FY 2025-26 along with Directors' Report and Audited Financial Statements were taken as read as they had been circulated to members
  • Statutory Auditors' Report and Secretarial Auditor's Report were noted to contain no qualifications, observations or adverse remarks
  • Five shareholders registered as speaker shareholders, though only two were present at the meeting
  • Shareholders expressed views and asked questions relating to business, operations, and future plans of the Company
  • Mr. Mahendra Kumar Baid, Managing Director, responded to queries and provided clarifications
  • Mr. Manoj Maheshwari (FCS 3355) was appointed as Scrutinizer to scrutinize remote e-voting and e-voting process

Voting Information

  • Remote e-voting commenced on Monday, September 07, 2026 at 09:00 A.M. (IST) and ended on Thursday, September 10, 2026 at 05:00 P.M. (IST)
  • Voting window remained open for 15 minutes after conclusion of AGM for members present who had not cast votes via remote e-voting
  • Results for remote e-voting and e-voting at AGM to be declared within two working days from conclusion of meeting
  • Results and Scrutinizer's report will be disseminated to stock exchange and uploaded on company website (www.bflfin.com) and CDSL website (www.evotingindia.com)

Statutory Compliance

Members were informed about availability of Register of Directors, KMPs and their shareholding, Register of Contracts or Arrangements in which Directors are interested, and all other statutory registers for electronic inspection by members.