BF Utilities Limited
All news and filings related to BF Utilities Limited.
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BF Utilities Board Discusses Fines, Subsidiary Results, and Director Appointment
BF Utilities board met on Sept 30, 2026, to discuss fines for delayed consolidated results due to subsidiary non-submission. Standalone results for Q1FY27 were filed on Aug 14, 2026. The board also noted the appointment of an Independent Director from Sept 7, 2026, to Sept 6, 2031.
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BF Utilities Board Discusses Fines for Non-Compliance, Appoints Independent Director
BF Utilities Limited's Board met on September 30, 2026, to discuss fines for non-submission of Q1 FY27 consolidated results due to subsidiary delays. The company submitted standalone results on August 14, 2026. The Board also appointed an Independent Director from September 07, 2026, to September 06, 2031, addressing a board composition issue.
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BF Utilities Q4FY26: Adverse Audit Opinion on Financial Results
BF Utilities Limited reported its Audited Consolidated Financial Results for the quarter and year ended March 31, 2026. The company approved the re-appointment of B. S. Mitkari as Director and appointed Kirtane & Pandit LLP as new Statutory Auditors. However, an adverse audit opinion was issued due to significant concerns regarding a potential buyback obligation at NECE, an ongoing arbitration case with potential claims of ₹500 Crore plus interest, and an unutilized advance to NECE. Consolidated revenue for the year was ₹99,247.79 Lakhs, with a profit after tax of ₹34,012.42 Lakhs.
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BF Utilities Q4FY26 Results Audited; Board Reappoints Director, Appoints New Auditors
BF Utilities Limited's Board approved audited consolidated financial results for Q4FY26 and the year ended March 31, 2026. Profit after tax for the quarter was ₹4,235.55 lakhs. The Board re-appointed Mr. B. S. Mitkari as Director and appointed Kirtane & Pandit LLP as new Statutory Auditors for five years.
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BF Utilities Fined ₹3.54 Lakh by NSE & BSE for Delayed Financial Results
BF Utilities Limited was fined a total of ₹3,54,000 by NSE and BSE for delayed submission of Q1 FY27 financial results by its subsidiaries. The company paid the remaining fines on September 29, 2026. No material impact on financials or operations is reported.
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BF Utilities: Trading Window Closed Oct 1 for Q2 FY27 Results
BF Utilities Limited will close its trading window from October 01, 2026. The window will reopen 48 hours after the company declares its financial results for the quarter ending September 30, 2026. This is in compliance with SEBI regulations.
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BF Utilities Limited Pays Rs. 1.53 Lakh Fine to BSE for Delayed Financial Results
BF Utilities Limited paid a fine of ₹1,53,400 to BSE for delayed submission of Consolidated Financial Results for the quarter ended June 30, 2026. The company stated there is no material impact on its operations or financials.
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BF Utilities Ltd. Publishes Postal Ballot Notice and E-voting Information
BF Utilities Limited is seeking shareholder approval for the appointment of Mr. Ajay Charuchandra Kirtane as an Independent Director for a five-year term starting September 7, 2026. The approval will be sought through a postal ballot and e-voting process, which will be open from September 18 to October 17, 2026.
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BF Utilities fined ₹1.53 Lakh by BSE for delayed financial results submission
BF Utilities Limited received a fine of ₹1,53,400 from BSE for delayed submission of consolidated financial results for the quarter ended June 30, 2026. The delay was attributed to subsidiaries not submitting their results on time. The company expects no material impact on its operations.
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BF Utilities: Standalone Q1FY27 Results Filed, Consolidated Results Delayed
BF Utilities Limited filed its standalone financial results for the quarter ended June 30, 2026, on August 14, 2026. Consolidated results are delayed as subsidiaries NICE and NECE have not yet submitted their financials.
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BF Utilities seeks shareholder approval for Mr. Ajay Kirtane's appointment as Independent Director.
BF Utilities Limited is seeking shareholder approval for the appointment of Mr. Ajay Charuchandra Kirtane as an Additional, Non-Executive Independent Director for a five-year term from September 7, 2026, to September 6, 2031. Shareholders can vote via postal ballot and e-voting from September 18 to October 17, 2026. Results will be announced by October 20, 2026. Mr. Kirtane brings extensive experience in financial management.
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BF Utilities fined ₹1.53 Lakhs by NSE for delayed financial results submission
BF Utilities Limited was fined ₹1,53,400 by NSE for delayed submission of consolidated financial results for Q1 FY27. The delay was due to subsidiaries not submitting their results on time. The company paid the fine on September 11, 2026, and stated there is no material impact.
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BF Utilities Appoints Ajay Kirtane as Additional Non-Executive Independent Director
BF Utilities Limited appointed Mr. Ajay Charuchandra Kirtane as an Additional, Non-Executive Independent Director. His term is for five years, from September 07, 2026, to September 06, 2031, pending shareholder approval. Mr. Kirtane brings over 34 years of experience in financial management and corporate consultancy.
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BF Utilities Appoints Ajay Kirtane as Additional Non-Executive Independent Director
BF Utilities Limited appointed Mr. Ajay Charuchandra Kirtane as an Additional, Non-Executive Independent Director. His term will be for five years, from September 07, 2026, to September 06, 2031, pending shareholder approval. Mr. Kirtane brings over 34 years of experience in financial management and corporate consultancy.
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BF Utilities fined ₹3.66 Lakh for Board Composition Non-Compliance
BF Utilities Limited was fined ₹1,82,900 each by NSE and BSE for failing to appoint an Independent Woman Director. The company paid a total of ₹3.66 Lakh on August 26, 2026. It is actively seeking a suitable candidate to fill the board vacancy.
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BF Utilities Limited gets 3-month extension for FY26 AGM from ROC Pune
BF Utilities Limited received a three-month extension from ROC Pune for its 26th AGM for FY26. The extension was granted on August 19, 2026, following the company's application on August 18, 2026, due to circumstances preventing timely meeting.
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BF Utilities Q1FY27 Unaudited Standalone Results: Net Loss of ₹642.23 Crore
BF Utilities Limited reported unaudited standalone financial results for the quarter ended June 30, 2026. The company incurred a net loss of ₹642.23 crore. Diluted EPS was ₹(1.34) for the quarter, a significant decrease from the previous year. The results were published on August 15, 2026.
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BF Utilities Board Notes Non-Compliance of Financial Results, Fine Imposed
BF Utilities Board met on August 14, 2026, to discuss non-submission of audited financial results for FY26 due to subsidiaries NICE and NECE. NSE imposed fines totaling ₹1,45,000 and ₹2,25,000 plus GST. Standalone results for FY26 and Q1FY27 were submitted on May 28, 2026, and August 14, 2026, respectively.
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BF Utilities Ltd. Postpones Consolidated Financial Results for Q1FY27
BF Utilities Limited postponed its Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. Standalone results were filed on August 14, 2026. Consolidated results are pending due to subsidiaries NICE and NECE not submitting their reports.
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BF Utilities Q1FY27 Standalone Loss at ₹503 Crore, Revenue ₹660 Crore
BF Utilities reported a net loss of ₹502.98 Lakhs for the quarter ended June 30, 2026. Total revenue stood at ₹659.63 Lakhs, with total expenses at ₹1,160.55 Lakhs. The company's EPS was ₹(1.34). The results were approved by the Board on August 14, 2026.
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BF Utilities fined ₹3.6 Lakhs by NSE & BSE for delayed financial results
BF Utilities Limited was fined ₹3.6 Lakhs by NSE and BSE for delayed submission of consolidated financial results for the quarter and year ended March 31, 2026. The delay was due to subsidiaries Nandi Infrastructure Corridor Enterprise Ltd. and Nandi Economic Corridor Enterprises Ltd. not submitting their results on time. The company has paid the fines.
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BF Utilities Clarifies Price Movement: Attributes Spurt to Market Conditions
BF Utilities Limited clarified a recent spurt in its share volume, attributing it to market conditions. The company confirmed adherence to SEBI disclosure norms and stated that all necessary information impacting operations or performance has been disclosed. The clarification was issued on July 14, 2026.
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BF Utilities Limited Files SEBI Compliance Certificate for Q1 FY27
BF Utilities Limited submitted a compliance certificate for the quarter ended June 30, 2026. The certificate, received from MUFG Intime India Private Limited, confirms the processing of dematerialised securities as per SEBI regulations.
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BF Utilities fined ₹3.42 Lakh by NSE & BSE for delayed financial results
BF Utilities Limited was fined ₹1,71,100 by NSE and ₹1,71,100 by BSE, totaling ₹3.42 Lakh, for delayed submission of consolidated financial results for the quarter and year ended March 31, 2026. The delay was due to subsidiaries not submitting their audited results on time. The company paid the fines on July 01, 2026.
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BF Utilities delays consolidated results due to subsidiary filings
BF Utilities Limited's consolidated financial results for the quarter and year ended March 31, 2026, are delayed. This is due to subsidiaries NICE and NHDL not yet submitting their audited financial statements. The company will publish consolidated results upon receiving these statements.
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BF Utilities: Reminder on Special Window for Physical Share Transfer Requests
BF Utilities Limited reminds investors about a special window for transferring and dematerializing physical shares, open until February 4, 2027. This follows SEBI's directive to facilitate ease of investing and secure investor rights. Transferred shares will have a one-year lock-in period.
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BF Utilities Pays ₹8.85 Lakh Fine for Board Composition Non-Compliance
BF Utilities Limited paid ₹8.85 lakh in fines to NSE and BSE for non-compliance with board composition rules, including failure to appoint an Independent Woman Director. The company has since appointed Mrs. Mugdha Vartak as an Independent Woman Director for a three-year term starting March 17, 2026. No material impact on company operations is expected.
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BF Utilities: Independent Director Shrikrishna K. Adivarekar Ceases Office on May 29, 2026
Mr. Shrikrishna K. Adivarekar has ceased to be an Independent Director of BF Utilities Limited on May 29, 2026, upon completion of his second three-year term. He also resigns from his committee chairmanships and memberships.
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BF Utilities Q4FY26 Loss ₹364 Crore vs Profit ₹7 Crore; Revenue Down 29%
BF Utilities reported a net loss of ₹364.06 lakh for Q4FY26, down from a profit of ₹7.07 lakh in Q4FY25. Full-year profit decreased to ₹223.40 lakh from ₹1,598.32 lakh. Total income for the quarter was ₹166.56 lakh, down from ₹236.87 lakh. EPS for the quarter was ₹(0.97).
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BF Utilities fined ₹8.85 Lakh by NSE & BSE for board composition non-compliance
BF Utilities Limited was fined ₹8.85 Lakh by NSE and BSE for non-compliance with board composition norms, specifically the absence of an Independent Woman Director for Q4FY26. The company has appointed Mrs. Mugdha Vartak as Non-Executive Independent Woman Director from March 17, 2026, to March 16, 2029. The fines are payable by June 11, 2026.
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BF Utilities Board Addresses Fines for Non-Compliance, Appoints Woman Director
BF Utilities Limited's Board met on May 28, 2026, to review fines for non-compliance. Fines of ₹70,800 were related to delayed financial results for Q3 FY26. An additional ₹4,42,500 fine was for not appointing an Independent Woman Director, a position now filled from March 17, 2026, to March 16, 2029.
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BF Utilities Delays Consolidated Results Due to Subsidiary Filings
BF Utilities Limited has delayed its consolidated financial results for the quarter and year ended March 31, 2026. The delay is due to subsidiaries Nandi Infrastructure Corridor Enterprise Ltd. and Nandi Highway Developers Ltd. not yet submitting their audited financial statements. Consolidated results will be published upon receipt.
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BF Utilities Board Approves Audited Standalone Results for FY26
BF Utilities Limited reported audited standalone results for Q4FY26 and FY26. For FY26, revenue stood at ₹3,334.25 lakhs. The company's auditor issued a qualified opinion due to a ₹500 Crore arbitration claim by an investor in a subsidiary and an inability to ascertain impairment for investments in NHDL and advances to NECE. Consolidated results are pending subsidiary financials.
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BF Utilities Appoints Mrs. Mugdha Rajesh Vartak as Independent Director
BF Utilities Limited's members approved the appointment of Mrs. Mugdha Rajesh Vartak as a Non-Executive, Independent Director. The approval was confirmed via postal ballot results filed on May 7, 2026. Mrs. Vartak brings over 20 years of HR experience and holds an MBA from IIM Calcutta.
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BF Utilities Ltd: Shareholders Approve Appointment of Mrs. Mugdha Vartak as Independent Director
BF Utilities Limited shareholders approved the appointment of Mrs. Mugdha Rajesh Vartak as a Non-Executive, Independent Director. The postal ballot process concluded on May 6, 2026, with the resolution passing with overwhelming majority. The voting results were announced on May 7, 2026.
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BF Utilities: Postal Ballot Results for Director Appointment Due May 8
BF Utilities Limited conducted e-voting for shareholders to appoint Mrs. Mugdha Rajesh Vartak as an Independent Director. The voting period concluded on May 6, 2026. Results are expected by May 8, 2026, and will be uploaded on the company and NSDL websites.
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BF Utilities Clarifies Price Movement, Cites Market Conditions
BF Utilities Limited clarified to the NSE that recent share volume increases are market-driven. The company affirmed compliance with SEBI regulations and stated no price-sensitive information necessitates further disclosure at this time.
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BF Utilities: Consolidated Results Delayed as Subsidiaries Haven't Submitted Financials
BF Utilities Limited's consolidated financial results for the quarter ended June 30, 2025, are delayed. Subsidiaries NICE, NECE, and NHDL have not yet submitted their unaudited financial results. The company will publish consolidated results once received.
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BF Utilities Limited Files SEBI Compliance Certificate for Q4 FY26
BF Utilities Limited filed a certificate under SEBI regulations for the quarter ended March 31, 2026. The company's Registrar and Transfer Agent confirmed the processing of dematerialised securities and updates to the register of members.
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BF Utilities Ltd. Seeks Member Approval for Director Appointment via Postal Ballot
BF Utilities Limited is seeking member approval for the appointment of Mrs. Mugdha Rajesh Vartak as a Non-Executive, Independent Director for a three-year term from March 17, 2026, to March 16, 2029. E-voting will be conducted from April 07, 2026, to May 06, 2026.
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BF Utilities seeks shareholder approval for appointing Mrs. Mugdha Vartak as Independent Director.
BF Utilities Limited is seeking shareholder approval for the appointment of Mrs. Mugdha Rajesh Vartak as an Independent Director. E-voting will take place from April 7 to May 6, 2026, with results announced by May 8, 2026. Mrs. Vartak has over 20 years of experience in HR management.
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BF Utilities Limited Publishes Newspaper Notice for Share Transfer Window
BF Utilities Limited published a newspaper notice about a special window for re-lodging transfer requests of physical shares. This window, open from February 05, 2026, to February 04, 2027, facilitates the transfer and dematerialisation of securities bought before April 01, 2019.
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BF Utilities: Trading Window Closed from April 1, 2026, for FY26 Results
BF Utilities Limited will close its trading window from April 1, 2026. The window will reopen 48 hours after the announcement of audited financial results for the quarter and year ended March 31, 2026. This is a standard compliance measure.
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BF Utilities Appoints Independent Woman Director, Addresses Non-Compliance
BF Utilities Limited appointed an Independent Woman Director effective March 17, 2026, to March 16, 2029, to address non-compliance with SEBI Listing Regulations. The company was fined ₹2,71,400 by NSE for failing to appoint an Independent Woman Director for the quarter ending December 31, 2025. The appointment is subject to shareholder approval.
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BF Utilities Appoints Mrs. Mugdha Vartak as Woman Independent Director
BF Utilities Limited's Board approved the appointment of Mrs. Mugdha Rajesh Vartak as an Additional, Non-Executive Woman Independent Director. Her term is effective from March 17, 2026, to March 16, 2029, pending shareholder approval via postal ballot. Mrs. Vartak brings over 20 years of HR leadership experience.
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BF Utilities Appoints Mrs. Mugdha Vartak as Additional Independent Director
BF Utilities Limited appointed Mrs. Mugdha Rajesh Vartak as an Additional, Non-Executive, Woman Independent Director for a three-year term starting March 17, 2026. The appointment requires shareholder approval via postal ballot. Mrs. Vartak brings over 20 years of HR leadership experience. She is not related to any existing directors.
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BF Utilities Appoints Mrs. Mugdha Vartak as Independent Director
BF Utilities Limited appointed Mrs. Mugdha Rajesh Vartak as an Additional, Non-Executive, Woman Independent Director for a three-year term starting March 17, 2026. The appointment requires shareholder approval via postal ballot. Mrs. Vartak brings over 20 years of HR leadership experience.
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BF Utilities Limited Pays ₹5.4 Lakhs Fine for Board Composition Non-Compliance
BF Utilities Limited paid a total fine of ₹5.43 lakhs to NSE and BSE for failing to appoint an Independent Woman Director. The company is currently identifying a suitable candidate to fill the board vacancy. This non-compliance has no material impact on the company's operations or financials.
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BF Utilities Fined ₹5.4 Lakhs by NSE & BSE for Board Composition Non-Compliance
BF Utilities Limited has been fined ₹2,71,400 each by NSE and BSE for non-compliance with board composition rules, specifically the absence of an Independent Woman Director. The company paid the total fine of ₹5,42,800 on March 02, 2026. It is currently seeking a suitable candidate to fill the vacancy, stating no material impact on its operations.
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BF Utilities Q3FY26 Unaudited Consolidated Results Released; Auditors Issue Adverse Conclusion
BF Utilities reported Q3FY26 consolidated revenue of ₹24,360.03 Lakhs and profit after tax of ₹10,275.63 Lakhs. The company's auditors, G.D. Apte & Co., issued an adverse conclusion on the results. Key concerns include the classification of a buy-back obligation for NECE, an ongoing arbitration claiming ₹500 Crores plus interest, and uncertainties around land acquisition and subsidiary operations.
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