BF UTILITIES LIMITED
Key Details of Appointment
Mr. Ajay Charuchandra Kirtane (DIN: 02711040) has been appointed as Non-Executive, Independent Director of BF Utilities Limited, not liable to retire by rotation. The appointment was initially made effective from September 07, 2026, as intimated to the exchanges on September 07, 2026.
Shareholder Approval Process
The appointment was approved by shareholders through a Special Resolution via postal ballot. The e-voting period commenced at 9:00 a.m. (IST) on Friday, September 18, 2026, and ended at 5:00 p.m. (IST) on Saturday, October 17, 2026. The resolution was passed with requisite majority.
Term of Appointment
Mr. Kirtane's term is for five consecutive years, from September 07, 2026, to September 06, 2031 (both days inclusive).
Director Profile and Qualifications
Mr. Ajay Kirtane is a qualified Cost & Works Accountant with over 34 years of experience in financial management, debt syndication, mergers and acquisitions, private equity, and related fields. He was the founder and Associate Member of management consultancy firm Shah & Kirtane (retired effective March 31, 2025), involved in various corporate and commercial consultancy projects across multiple industries including engineering, infrastructure, real estate, and auto components.
Governance and Compliance Details
- Mr. Kirtane is not related to any other Director or Key Managerial Personnel on the Company's Board
- He is not debarred from holding the office of Director by virtue of any SEBI order or other authority
- The disclosure complies with SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Filing and Communication
The voting results of the postal ballot were filed with the stock exchanges on October 19, 2026. The communication was signed by Pragati S. Rai, Company Secretary, on October 19, 2026, at 16:57:36 +05:30.