BF Utilities Limited has informed the Exchange regarding resignation of Mr. B. N. Kalyani, Non - Executive, Non-Independent Director and Chairperson of the Company with effect from the close of business hours on May 29, 2025.
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Mr. B. N. Kalyani has resigned from the Board of BF Utilities Limited as Non-Executive, Non-Independent Director and Chairperson. The resignation takes effect from the close of business hours on May 29, 2025. No reason for the resignation has been disclosed in the filing. As Chairperson, he led the Board's functioning and his exit creates a vacancy at the top of the board.
Shareholders should watch for the company's next move on appointing a new Chairperson, as leadership at the board level may affect strategic direction. Until a replacement is announced, the gap at the Chair position could create short-term governance uncertainty.