Tax & Penalty29 May 2026, 04:31 pm
BF Utilities Pays ₹4.42 Lakh Fine to NSE & BSE
AI Summary
BF Utilities Ltd. has paid fines of ₹4,42,500 each to the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with Regulation 17(1) of the Listing Regulations. This regulation pertains to the composition of the Board, specifically the failure to appoint an Independent Woman Director. The fines, inclusive of GST, were paid on May 29, 2026, with no delay or default in payment. The company has since appointed Mrs. Mugdha Vartak as a Non-Executive – Independent Woman Director, effective from March 17, 2026.
Key Highlights
- BF Utilities paid ₹4,42,500 each to NSE & BSE for regulatory non-compliance.
- Fine related to failure to appoint an Independent Woman Director.
- Company appointed Mrs. Mugdha Vartak as Independent Woman Director.
- Payment was made on May 29, 2026, with no delay.
- No material impact on financials, operations, or other activities.
Price Impact
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