BF Utilities Limited has informed the Exchange regarding Outcome of Board Meeting held on March 17, 2026 for appointment of Mrs. Mugdha Rajesh Vartak (DIN: 11613408) as an Additional, Non-Executive Woman Independent Director of the Company
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BF Utilities Limited has appointed Mrs. Mugdha Rajesh Vartak (DIN: 11613408) as an Additional, Non-Executive Woman Independent Director with effect from March 17, 2026, for a term of three years ending March 16, 2029. The appointment was recommended by the Nomination and Remuneration Committee and is subject to shareholder approval through a postal ballot, for which the board also approved the draft notice. Mrs. Vartak is an HR leader with 20+ years of experience across IT, Consulting, Automotive, and Education sectors, and holds qualifications including an Executive MBA from IIM Calcutta. She is not related to any existing Director or KMP on the board, and has not been debarred by SEBI or any other authority.
This is a routine independent director appointment with no immediate material impact on the stock or shareholders. It helps strengthen board diversity and governance, as the new director's appointment is contingent on shareholder approval via postal ballot.