
Management Change19 Oct 2026, 05:20 pm
BF Utilities Appoints Ajay Kirtane as Independent Director
AI Summary
BF Utilities Ltd announced the appointment of Mr. Ajay Kirtane as a Non-Executive, Independent Director. The appointment, effective September 7, 2026, was approved by the company's members through a special resolution via postal ballot. Mr. Kirtane brings over 34 years of experience in financial management, debt syndication, mergers and acquisitions, and private equity. He is not related to any other director or Key Managerial Personnel (KMP) and is not debarred from holding a director's office by any regulatory authority. The term of his appointment is for five years, concluding on September 6, 2031.
Key Highlights
- Ajay Kirtane appointed as Non-Executive, Independent Director.
- Appointment effective September 7, 2026, for a five-year term.
- Mr. Kirtane has over 34 years of experience in finance and M&A.
- Director is not related to any other board members.
- No regulatory debarment for Mr. Kirtane.
Price Impact
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