BF Utilities Limited has informed the Exchange about intimation of fine
BFUTILITIE · price
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BF Utilities Limited received a fine of Rs. 4,42,500 each from NSE and BSE for non-compliance with Regulation 17(1) of SEBI Listing Regulations. The violation was related to board composition requirements, specifically the failure to appoint an Independent Woman Director for the quarter ended March 31, 2026. The company clarified that it was in the process of identifying a suitable candidate and had already appointed Mrs. Mugdha Vartak as Non-Executive Independent Woman Director effective March 17, 2026 for a period of 3 years. The fine is due for payment by June 11, 2026. The company states there is no material impact on its financials or operations.
The fine represents a minor compliance penalty with no material financial impact. The company has already remedied the board composition issue by appointing an Independent Woman Director, which should prevent future penalties.