BF Utilities Ltd. — AGM Information 2021

Sep 29, 2021

BF UTILITIES

CIN:L40108PN2000PLC015323

SECT/NSE/BSE/

.September 29, 2021

National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 SYMBOL - BFUTILITIE

Bombay Stock Exchange Ltd. Phiroze Jeejeebhoy Tower Dalal Street, Mumbai - 400 001. Scrip Code - 532430

Dear Sir,

Sub:- Proceedings of 21st Annual General Meeting of the Company

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, please find enclosed herewith proceedings of the 21st Annual General Meeting of the Company held on Wednesday, September 29, 2021 at 11.00 a.m. through Video Conferencing (VC) / other Audio Visual Means (OAVM).

This is for your information and record.

Thanking You,

Yours Faithfully, For BF Utilities Limited

- B.

Company Secretary

Encls - as above.

GROUP COMPANY

E 411 036, MAHARASHTRA, INDIA I Website : www.bfutilities.com

Pllcne: +91-020-2C725257 EmaH:Secretarial@bMHlties.com

BF UTILITIES

PROCEEDINGS OF THE 21ST ANNUAL GENERAL MEETING OF THE COMPANY HELD ON WEDNESDAY, 29TH SEPTEMBER, 2021

The 21st Annual General Meeting (AGM) of BF Utilities Limited was held on Wednesday, September 29, 2021 at 11.00 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Mr. B. S. Mitkari, Company Secretary welcomed the members and briefed the members about participation and voting at the meeting through VC / OAVM and confirmed that the requisite quorum is present for the meeting.

After that Mr. B. N. Kalyani Chairman of the Company chaired the meeting. The Chairman welcomed the members and as the requisite quorum was present, called the meeting in order. The Directors present, introduced themselves.

The Chairman informed that the Statutory Auditors, Secretarial Auditors, CEO/CFO and Company Secretary are also participating in the AGM through Video Conferencing from their respective locations.

The Chairman informed that due to spread of COVID-19 and social distancing norms, the AGM is held through VC / OAVM, which is in compliance with the directions issued by Ministry of Corporate Affairs and SEBI. Since this AGM is being held through Video Conferencing without physical attendance of Members at a common venue, the requirement of appointing proxies by the Members is not applicable. The Registers and documents referred to in the AGM Notice were available for inspection of the members on the Company's website.

With the permission of the members, Notice of the AGM was taken as read. Since there were no audit qualifications by Statutory Auditors, with the permission of the members, Auditor's Report was taken as read. The Chairman informed that Secretarial Audit Report is attached to the 21st Annual Report.

The Chairman then delivered the speech.

The Members who registered themselves as "Speakers" spoke during the meeting and sought some clarifications. The same were duly replied by Chairman. The Chairman then proceeded with the following resolutions, set out at Sr. No.1 to 3 in the Notice of AGM dated August 11, 2021.

ORDINARY BUSINESS:

1. To consider and adopt:

a) the audited standalone financial statements of the Company for the Financial Year ended March 31, 2021, the reports of the Board of Directors and Auditors thereon.

BF UTILITIES

CIN :L40108PN2000PLC015323

b) the audited consolidated financial statements of the Company for the Financial Year ended March 31, 2021 and the report of the Auditors thereon. (Ordinary Resolution)

1. Appointment of Mr. B. S. Mitkari (DIN 03632549), as a Director, who retires by rotation and being eligible offers himself for re-appointment. (Ordinary Resolution)

SPECIAL BUSINESS :

1. Appointment of Statutory Auditors (Ordinary Resolution)

The Chairman informed that the members who have not casted their votes through Remote e-Voting can exercise their votes at the AGM and the e-Voting facility will remain open for 15 minutes after conclusion of the meeting and will be disabled thereafter.

The members were informed that Mr. Sridhar Mudaliar, Practicing Company Secretary has been appointed as the Scrutinizer to scrutinize the votes cast through remote e-Voting and at this meeting. The Chairman authorised Company Secretary to declare the results of e0Voting on receipt of Scrutinizer's Report within 48 (forty eight) hours of conclusion of the meeting and the same shall be forwarded to the Stock Exchanges and also uploaded on the Company's website and on the website of NSDL. ·

There being no other business, Chairman concluded the meeting with a vote of thanks to the Directors and members present for attending the AGM. The meeting concluded at about 11.35 a.m. (including the time allowed fore-voting at the AGM)

This is for your information and records.

For BF Utilities Limited

.~

Company Secretary

September 29, 2021 Pune