BF Utilities Limited has informed the Exchange regarding Appointment of Mr BHALCHANDRA SHANKAR MITKARI as Executive Director of the company w.e.f. April 01, 2025.
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BF Utilities Limited has received shareholder approval via postal ballot for the re-appointment of Mr. Bhalchandra Shankar Mitkari (DIN: 03632549) as Whole-Time Director for a further period of 23 months, effective April 1, 2025 to February 28, 2027. The re-appointment was done because his previous tenure ended, and the special resolution was passed with the requisite majority during e-voting held from May 7 to June 5, 2025. Mr. Mitkari is a qualified Company Secretary and Cost & Management Accountant with 35 years of experience and has been with the company for 24 years, serving as Executive Director since April 1, 2019. He is not related to any other director or KMP on the board and is not debarred by SEBI from holding a director position.
This is a routine re-appointment ensuring board continuity and is unlikely to have any material impact on the stock price. No new strategic direction is implied by this filing.