BF Utilities Fined ₹3.65 Lakh by NSE & BSE for Board Composition Lapses

BF Utilities Ltd has been fined ₹1,82,900 each by the National Stock Exchange (NSE) and BSE Limited (BSE) for non-compliance with Regulation 17(1) of SEBI Listing Regulations concerning board composition, specifically the failure to appoint an Independent Woman Director. The company has paid the total fine of ₹3,65,800. BF Utilities stated that they are in the process of identifying a suitable candidate to fill the vacancy and comply with the regulations. The company clarified that this situation has no material impact on its financials, operations, or other activities.