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.
The adverse opinion from the statutory auditors regarding the consolidated financial results for the quarter and year ended March 31, 2026, due to significant issues with a subsidiary (NECE) and an arbitration claim, has a high impact on the company's financial reporting and investor confidence.
The announcement includes financial results and corporate actions like director re-appointment and auditor change. However, the auditor's report issues an adverse opinion due to significant matters related to a step-down subsidiary (NECE) and an arbitration claim, which introduces a neutral to negative sentiment.
BF Utilities Limited announced the outcome of its Board Meeting held on September 30, 2026. The Board approved the Audited Consolidated Financial Results for the quarter and year ended March 31, 2026, along with the Auditors' Report issued by G. D. Apte & Co.
Additionally, the Board approved the re-appointment of Mr. B. S. Mitkari as a Director, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company also announced the appointment of Kirtane & Pandit LLP as the new Statutory Auditors for a term of five consecutive years, effective from FY 2026-27 to FY 2030-31, succeeding G. D. Apte & Co. who are retiring after their first term.
The financial results indicate a profit after tax of ₹4,235.55 lakhs for the quarter ended March 31, 2026, and ₹34,012.42 lakhs for the year ended March 31, 2026. The company's infrastructure segment contributed significantly to the revenue, with wind mills also showing results.
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BF Utilities Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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