Management Change7 Sept 2026, 06:10 pm
BF Utilities Appoints Ajay Kirtane as Independent Director
AI Summary
BF Utilities Ltd has announced the appointment of Mr. Ajay Charuchandra Kirtane as an Additional, Non-Executive Independent Director. The appointment, approved by the Board of Directors via Circular Resolution on September 07, 2026, is for a term of five years, from September 07, 2026, to September 06, 2031, subject to shareholder approval through a postal ballot. Mr. Kirtane brings over 34 years of experience in financial management, debt syndication, and M&A. He is not related to any other director or Key Managerial Personnel (KMP) of the company. The company has confirmed that Mr. Kirtane has not been debarred from holding a director's office by any regulatory authority.
Key Highlights
- Ajay Kirtane appointed as Additional Independent Director.
- Term of appointment is 5 years, effective Sept 7, 2026.
- Appointment subject to shareholder approval via postal ballot.
- Director has 34+ years of financial management experience.
- No relationship with existing directors or KMPs.
Price Impact
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