BF Utilities Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
BFUTILITIE · price
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BF Utilities Limited has announced the results of a postal ballot conducted from July 4, 2025 to August 2, 2025, seeking shareholder approval for the appointment of Mr. Madan Umakant Takale (DIN: 01291287) as a Non-Executive, Non-Independent Director. The ordinary resolution was passed with an overwhelming majority, with 99.42% of valid votes (2,02,02,622 shares) cast in favour and only 0.58% (1,18,719 shares) against. Promoters and promoter group voted 100% in favour with 2,00,60,777 shares, while 174 members voted in favour and 20 against the resolution. The scrutinizer, M/s. SVD & Associates (led by CS Sridhar Mudaliar), confirmed the e-voting process was conducted fairly and transparently in compliance with SEBI and Companies Act provisions.
Mr. Takale's appointment is now formally effective, strengthening the company's board composition. The near-unanimous shareholder approval reflects strong support from the promoter group and public non-institutional investors, with limited dissent from public institutional shareholders.