BF Utilities Limited has informed the Exchange regarding Resignation of Ms Aarti Arun Sathe as Non- Executive Independent Director of the company w.e.f. clsoe of business hours on August 14, 2025.
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Ms. Aarti Arun Sathe has resigned as Non-Executive Independent Director of BF Utilities Limited, effective close of business hours on August 14, 2025. The reason for her resignation is that she has been elevated as an Additional Judge of the Hon'ble Bombay High Court, based on a Government of India notification dated August 13, 2025. She will also step down as a member of the Audit Committee and Nomination and Remuneration Committee. The Board has recorded its appreciation for her contributions during her tenure. No other material reasons for the resignation have been cited, and she does not hold directorships in any other listed entity.
This is a routine, non-contentious exit triggered by a prestigious professional appointment (judicial elevation) rather than any governance or performance issue. Shareholders should note that the board will need to fill the independent director vacancy and committee positions within the timelines prescribed under SEBI LODR, but no negative impact on the stock is expected.