BF Utilities Ltd (BFUTILITIE) — Announcement | 30 September 2026

BF Utilities announced the appointment of Kirtane & Pandit LLP as its new statutory auditor for five years starting FY 2026-27, replacing G.D. Apte & Co., which is retiring after its first term. The Board also re-appointed Director B.S. Mitkari and disclosed that the 26th AGM will be convened soon. The filing includes audited consolidated financial results for Q4 and FY 2026, showing revenue of ₹29,253.92 lakhs and profit of ₹4,235.55 lakhs after tax. No material changes were noted in the auditor appointment process beyond the replacement, and no forward guidance was provided. The adverse audit opinion highlights material misstatements in subsidiary disclosures, particularly around NECE's arbitration and CRPS revaluation, which could impact investor confidence. Investors should monitor how the new auditor addresses these issues and the potential impact on future financial reporting and governance standards.