BF UTILITIES CIN : L40108PN2000PLC015323
Section A – KMP Resignation Details
Name of Resigning KMP: Mr. Shrikrishna K. Adivarekar
Designation: Independent Director
Reason for Resignation: Completion of second term of office.
Effective Date of Resignation: May 29, 2026 (close of business hours)
Date of Resignation Letter: Not Specified
Duration in Role: Second term was for 3 (three) consecutive years from May 30, 2023 to May 29, 2026. His re-appointment for this second term was approved by members at the 22nd Annual General Meeting held on September 29, 2022.
Board’s Acknowledgment / Statement: Not Specified
Replacement Appointed: Not Specified
Regulatory Compliance Statement: Disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Delay in Disclosure: Not Specified. The disclosure is dated May 29, 2026, the same day as the effective date of cessation.
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: As a consequence of his cessation as Director, Mr. Adivarekar ceased to be:
- Chairman of the Audit Committee.
- Chairman of the Nomination and Remuneration Committee.
- Member of the Stakeholders Relationship Committee.
- Member of the Risk Management Committee.
Successor Appointments: Not Specified.
Section C – Financial & Governance Disclosures
Not Present.
Additional Details from Annexure
- DIN: 06928271
- IDDB Registration No.: IDDB-DI-202002-012411
- The required details under Regulation 30 are provided in the annexed Annexure "1".
Disclosure Author
Pragati S. Rai, Company Secretary