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BF Utilities Ltd. — Board/Management Information 2026
May 28, 2026
60768_rns_2026-05-28_fd4bd6a0-4016-4d73-bfa3-5d7d95d9bc5d.pdf
Board/Management Information
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BF UTILITIES
CIN : L40108PN2000PLC015323
SECT/BFUL/
May 28, 2026
National Stock Exchange of India Ltd.
Exchange Plaza, Bandra-Kurla Complex
Bandra (E),
Mumbai – 400 051
SYMBOL – BFUTILITIE
BSE Limited
Phiroze Jeejeebhoy Tower
Dalal Street, Fort,
Mumbai – 400 001.
Scrip Code – 532430
ISIN No - INE243D01012
Dear Sir/Ma’am,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
With reference to captioned, we would like to inform that the Company has received an email dated May 27, 2026 from National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) with respect to non-compliance of the Regulation 17(1) of Listing Regulations pertaining to the composition of the Board including failure to appoint Independent Woman Director for quarter ended March 31, 2026.
The Company wish to clarify that the Company was in process of identifying suitable candidate and has appointed Non-Executive – Independent Woman Director of the Company, not liable to retire by rotation, for a period of 3 (three) consecutive years with effect from March 17, 2026 to March 16, 2029
The details as required under SEBI Listing Regulations read with Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as Follows:
| Name of the Authority | National Stock Exchange of India Limited (“NSE”) & BSE Limited (“BSE”) |
|---|---|
| Nature and details of the action(s) taken, initiated or order(s) passed | NSE & BSE levied fine of Rs. 4,42,500/- each (inclusive of GST) for non-compliance of the Regulation 17(1) of Listing Regulations pertaining to the composition of the Board including failure to appoint Independent Woman Director. The Company shall pay the fine within the due date. |
| Due date of payment | June 11, 2026 (15 days) |
| Reason for delay or default in payment | Not applicable. There was no delay or default in payment of fine |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | May 27, 2026 |
| Details of the violation(s)/ contravention(s) committed or alleged to be committed | Non-compliance of the Regulation 17(1) of Listing Regulations pertaining to the composition of the Board including failure to appoint Independent Woman Director. |
| We would like to inform that the Company has appointed Mrs. Mugdha Vartak as |
KALYANI
GROUP COMPANY
BF UTILITIES LIMITED, MUNDHWA, PUNE CANTONMENT, PUNE 411 036, MAHARASHTRA, INDIA
Phone: +91 7719004777 | Email: [email protected] | Website: www.bfutilities.com
BF UTILITIES
CIN : L40108PN2000PLC015323
| Non-Executive – Independent Woman Director of the Company, not liable to retire by rotation, for a period of 3 (three) consecutive years with effect from March 17, 2026 to March 16, 2029 | |
|---|---|
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | There is no material impact on financials, operations or other activities of the Company. |
| Details of payment including date of payment and amount paid shall be disclosed upon payment of the fines, penalties, dues, etc. | Company shall pay the fine within the due date. |
Kindly take a note of the same.
Thanking You,
Yours Faithfully,
For BF Utilities Limited
PRAGATI
SURESH
RAI
Digitally signed by
PRAGATI SURESH RAI
Date: 2026.05.28
15:13:12 +05'30'
Pragati S. Rai
Company Secretary
[email protected]
KALYANI
GROUP COMPANY
BF UTILITIES LIMITED, MUNDHWA, PUNE CANTONMENT, PUNE 411 036, MAHARASHTRA, INDIA
Phone: +91 7719004777 | Email: [email protected] | Website: www.bfutilities.com