BF Utilities Limited has informed the Exchange regarding Change in designation of Mr. A. B. Kalyani from Non - Executive, Non-Independent Director to Chairperson, Non - Executive, Non-Independent Director of the Company with effect from May 30, 2025
BFUTILITIE · price
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BF Utilities reported FY25 standalone revenue of ₹4,168.23 lakhs (up from ₹3,558.84 lakhs in FY24), with profit after tax of ₹1,598.32 lakhs (vs ₹1,008.71 lakhs), translating to EPS of ₹4.24. The Wind Mills and Infrastructure segments both contributed, with Infrastructure revenue rising to ₹1,927.18 lakhs from ₹1,390.50 lakhs. Statutory auditor G.D. Apte & Co. issued a qualified opinion because an interest-free ₹3,700 lakh advance given to step-down subsidiary NECE for land acquisition has been pending for over 14 years with no impairment provision — if written off, the company would swing to a loss of ₹2,101.68 lakhs. Babasaheb (B.N.) Kalyani resigned as Chairperson citing other business exigencies, and his son Amit (A.B.) Kalyani was redesignated as the new Chairperson with effect from May 30, 2025. The board also appointed M.U. Takale as an Additional Non-Executive Director and named new secretarial and internal auditors.
Profit growth looks strong, but the audit qualification on the long-pending NECE advance is a significant overhang — shareholders should note that full impairment would erase reported earnings. The leadership change is a smooth promoter-family succession (Kalyani Group), unlikely to disrupt strategy but worth watching for any related-party or governance concerns.