BF Utilities Board Addresses Fines for Non-Submission of Results

BF Utilities Ltd's Board of Directors met on September 30, 2026, to discuss fines imposed by BSE and NSE for non-submission of consolidated unaudited financial results for the quarter ended June 30, 2026. The non-submission was attributed to subsidiaries Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE) failing to provide their results. The company stated consolidated results will be published once received from subsidiaries and emphasized adherence to future timelines. The Board also addressed a separate fine for non-compliance with Regulation 17(1) regarding board composition, noting the appointment of an Independent Director from September 07, 2026, to September 06, 2031. The company had submitted its standalone financial results for the quarter ended June 30, 2026, on August 14, 2026.