BF Utilities Ltd

Board actions and penalties

• Board notes non-submission of Q1 2026 consolidated results by NICE and NECE; fines imposed.
• Consolidated results to be published once provided by subsidiaries.
• Standalone Q1 2026 results submitted on August 14, 2026.

Independent Director appointment

• Board approved appointment of Non-Executive Independent Director for five years.
• Appointment effective from September 07, 2026 to September 06, 2031.

Regulatory fines and governance

• Board discussed non-submission of Consolidated Unaudited Results for quarter ended 30 Jun 2026 by NICE and NECE.
• Standalone results for quarter ended 30 Jun 2026 were submitted on 14 Aug 2026.
• Fines levied by BSE/NSE for non-submission; timelines under Master Circular apply.
• Board noted Non-Executive Independent Director appointment for 5 years from 7 Sep 2026 to 6 Sep 2031.
• The appointed director is not liable to retire by rotation.
• Regulation 17(1) fine: Rs 130,000 base; GST Rs 23,400; total Rs 153,400.
• Regulation 33 fine: Rs 215,000 base; GST Rs 38,700; total Rs 253,700.
• Final reminder to promoters to pay within 10 days from 28 Sep 2026; risk of freezing promoter holdings.
• Promoter Babasaheb Neelkanth Kalyani named.
• Board comments on the fine to be shared with the Exchange via NEAPS.

Board actions

• Audited consolidated results for quarter and year ended 31-Mar-2026 approved.
• Re-appointment of Mr. B. S. Mitkari as director, subject to member approval.
• Statutory auditors appointed: Kirtane & Pandit LLP for FY2026-27 to FY2030-31.

Financials

• Total consolidated revenue ₹99,247.79 lakh; PAT ₹34,012.42 lakh for year ended 31-Mar-2026.
• Revenue from operations for quarter ended 31-Mar-2026 ₹26,981.46 lakh; total quarterly ₹29,253.92 lakh.
• EPS (basic/diluted) ₹36.48 for the year ended 31-Mar-2026.
• Tax expense ₹15,712.90 lakh; current tax ₹15,539.22 lakh; deferred tax ₹(1,576.32) lakh.

Segment performance

• Infrastructure revenue ₹96,953.96 lakh; Wind Mills ₹2,293.65 lakh for FY26.
• Quarterly segment pre-tax: Infrastructure ₹8,681.54 lakh; Wind Mills ₹(38.96) lakh.

Cash flows

• Net cash from operating activities ₹63,710.25 lakh.
• Net cash used in investing ₹36,570.64 lakh.
• Net cash used in financing ₹25,466.48 lakh.
• Net cash increase ₹1,673.13 lakh; year-end cash ₹5,844.91 lakh.

Audit & risks

• Auditors adverse opinion on consolidated results due to NECE classification issues.
• Arbitration notices and going concern uncertainties noted for NECE and NHDL.

Business & subsidiaries

• BF Utilities operates Wind Mills and Infrastructure segments in India.
• Group includes NECE, NICE (step-down: NICE), NHDL; NECE subject to adverse opinion.

Fines for late consolidated results

• NSE levied a fine of Rs 2,53,700 for delay in submitting Consolidated Financial Results.
• BSE levied a fine of Rs 1,00,300 for the same delay.
• Rs 1,53,400 of the NSE fine was paid on September 11, 2026.
• The remaining Rs 1,00,300 of NSE fine and the full BSE fine were paid on September 29, 2026.
• Due date for payment was October 13, 2026.
• There is no material impact on the company’s financials or operations.
• Non-compliance due to NICE and NECE not submitting unaudited Q1 2026 results.

Meeting Details

• Board meeting on September 30, 2026, in Pune.

Key Agenda Items

• Approve Audited Consolidated Results for quarter and year ended March 31, 2026.

Other Notes

• Trading window for Directors and designated persons and their relatives remains closed till further notice.

BF Utilities Limited trading window shall remain closed from Thursday, October 01, 2026 till the end of 48 hours after the financial results of the Company for the quarter ended September 30, 2026 become generally available.

Fine payment to BSE for late results

• BSE fined BF Utilities Rs 1,53,400 for late June 30, 2026 consolidated results.
• Payment due date: 26 September 2026; payment made on 16 September 2026.
• There is no material impact on financials or operations.
• Company had informed stock exchanges about delay on Aug 14, 2026.