BF Utilities Limited (BFUTILITIE) — Announcement

· NSE Neutral
📢 Key Event
SEBI penalizes BF Utilities for missing Independent Woman Director appointment deadline
🔄 What Changed
Appointment of Mrs. Mugdha Vartak as Independent Woman Director effective March 17, 2026
🔮 What's Next
Payment of fine due by June 11, 2026
💡 Investor Takeaway
The penalty is resolved with no financial impact, and governance compliance has been restored.
⚠️ Risks
None

BF Utilities disclosed a SEBI Listing Regulation penalty of Rs. 4.425 lakhs each from NSE and BSE for failing to appoint an Independent Woman Director by March 31, 2026, but confirmed Mrs. Mugdha Vartak was appointed effective March 17, 2026 to March 16, 2029, with no material financial impact and payment due by June 11, 2026.

📄 View Original Announcement (PDF)

About BF Utilities Limited (BFUTILITIE)

Services · Transport Infrastructure · Listed on NSE

Market Cap: ₹2,021.81 Cr P/E: 6.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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