Management Change7 Sept 2026, 05:20 pm
BF Utilities Appoints Ajay Kirtane as Independent Director for 5 Years
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 consecutive years, from September 07, 2026, to September 06, 2031. This appointment is subject to shareholder approval through a postal ballot. Mr. Kirtane brings over 34 years of experience in financial management, debt syndication, and mergers and acquisitions. He is not related to any other director or Key Managerial Personnel (KMP) of the company and has not been debarred from holding a director's office by any regulatory authority.
Key Highlights
- Ajay Kirtane appointed as Non-Executive Independent Director.
- Term of appointment is 5 years, from Sep 07, 2026 to Sep 06, 2031.
- Appointment requires shareholder approval via postal ballot.
- Director has 34+ years of experience in financial management.
- Director is not related to existing board members.
Price Impact
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