BF UTILITIES LTD.-$

BF Utilities Ltd has announced the appointment of Mr. Ajay 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. 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 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.

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.

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.

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.

BF Utilities Ltd has received a three-month extension from the Registrar of Companies (ROC), Pune, for holding its 26th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had applied for this extension on August 18, 2026, citing circumstances preventing timely AGM conduct. The ROC granted the extension on August 19, 2026, advising the company to ensure future compliance with the Companies Act, 2013. The original due date for the AGM was September 30, 2026.

BF Utilities Ltd's Board of Directors met on August 14, 2026, to discuss a fine levied by BSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-submission of audited financial results for the year ended March 31, 2026, was due to subsidiaries Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE) failing to submit their results. The company will publish consolidated results once available from subsidiaries. The Board noted the freezing of promoter holdings and emphasized strict adherence to future compliance timelines. Standalone financial results for the year ended March 31, 2026, and the quarter ended June 30, 2026, were submitted on May 28, 2026, and August 14, 2026, respectively.

BF Utilities Ltd announced an update regarding its consolidated financial results for the quarter ended June 30, 2026. The company has filed its Unaudited Standalone Financial Results for the period. However, the publication of Unaudited Consolidated Financial Results is pending as two of its subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), have not yet submitted their respective financial results to the parent company. BF Utilities will release the consolidated results once the subsidiary data is received.

BF Utilities Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a loss before tax of ₹500.92 Lakhs and a net loss of ₹502.98 Lakhs for the quarter. Total revenue from operations stood at ₹588.05 Lakhs, with other income contributing ₹71.58 Lakhs, leading to a total revenue of ₹659.63 Lakhs. Total expenses for the period were ₹1,160.55 Lakhs. The basic and diluted earnings per share were ₹(1.34). The results were approved by the Board of Directors on August 14, 2026.

BF Utilities' standalone (only basis available this quarter) results for Q1 FY27 show a net loss of ₹5.03 Cr on total income of ₹6.60 Cr, against a ₹6.42 Cr profit in Q1 FY26 and a ₹3.64 Cr loss in Q4 FY26 — EPS came in at -₹1.34 versus +₹1.70 a year ago. Revenue from operations was essentially flat YoY at ₹5.88 Cr (+2.0%), so the swing to loss is not an operating-revenue story: it sits almost entirely in other income, which fell to ₹0.72 Cr from ₹11.49 Cr a year ago. The segment data shows why. The Wind Mills business — the company's actual operating unit — posted a segment profit of ₹0.95 Cr, down just 4.7% YoY (₹1.00 Cr), so core generation economics were stable. The Infrastructure segment (BF Utilities' investment/holding exposure to its Nandi group subsidiaries) swung to a ₹5.81 Cr loss from an ₹8.38 Cr profit in Q1 FY26 — a ₹14.2 Cr swing that is the entire driver of the group loss, traced to a one-off ₹10.43 Cr Infrastructure item recognised in other income last year that had no counterpart this quarter. Sequentially, revenue jumped 253% quarter-on-quarter (₹1.67 Cr to ₹5.88 Cr) purely on wind seasonality (Note 9 — generation is wind-dependent and not indicative of full-year trend), yet the loss still widened 38% versus Q4 FY26, because that quarter had benefited from a ₹1.29 Cr reversal of an exceptional gratuity/compensated-absence provision that did not recur. There is no analyst coverage or brokerage estimate for this micro-cap (a web search for Q1 FY27 previews returned nothing on BF Utilities), so vsStreet is unknown; the company also carries no formal guidance on record, so vsGuidance cannot be assessed either. Consolidated numbers remain unpublished because material subsidiaries Nandi Infrastructure Corridor Enterprises (NICE) and Nandi Economic Corridor Enterprises (NECE) have not yet submitted their FY26 audited or Q1 FY27 unaudited financials to the company (Note 7) — this is now a multi-quarter reporting gap. Auditor G. D. Apte & Co. issued a qualified review conclusion flagging three unresolved matters: a ₹500 Cr claim plus 18% IRR sought via SIAC arbitration by AIRRO Mauritius/Soinfra against the company as an NECE promoter (rejoinder filed 17 July 2026, matter still before the tribunal), uncertain recoverability of the ₹26.07 Cr NHDL investment after its toll concession ended in September 2024, and a 15-year-old ₹37 Cr interest-free advance to NECE for land acquisition whose utilisation status is unclear. Separately this quarter the company paid three late-filing fines to NSE/BSE (₹4.42 Lakh on 29 May, ₹3.42 Lakh on 1 July, ₹1.88 Lakh on 17 July 2026) and issued clarifications on 14–15 July that an unusual stock volume spurt was market-driven, not linked to any undisclosed development. No management press release accompanied this filing — only the regulatory outcome letter and notes to the results. Going forward, the print sets up a company whose reported earnings will keep swinging with the timing of Infrastructure-segment items rather than the (stable) Wind Mills operating business, until consolidated numbers resume.

BF Utilities Ltd has announced that its Board of Directors will convene on August 14, 2026, in Pune. The primary agenda item is to consider and approve the unaudited standalone financial results for the quarter ended June 30, 2026. These results will be reviewed by the Audit Committee prior to the board meeting. Additionally, the company has confirmed that the trading window for directors and designated persons remains closed until further notice, in compliance with SEBI regulations.