BF Utilities Limited
Regulatory Action Details
The Company received an email dated July 16, 2026 from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding non-compliance with Regulation 33 of Listing Regulations.
Penalty Amounts
- NSE levied fine: ₹2,65,500 (inclusive of GST)
- BSE levied fine: ₹94,400 (inclusive of GST)
- Total fine amount: ₹3,59,900
Payment Details
- Partial payment to NSE: ₹1,71,100 paid on July 1, 2026
- Balance payment to NSE: ₹94,400 paid on July 17, 2026
- Full payment to BSE: ₹94,400 paid on July 17, 2026
- All payments subject to TDS
Reason for Non-Compliance
The delay occurred because the Company's subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), failed to submit their Audited Financial Results for the quarter and year ended March 31, 2026 to the parent company. This was previously intimated to stock exchanges via letter dated May 28, 2026.
Due Date and Compliance
Payment due date was July 31, 2026 (15 days from receipt of notice). The Company confirmed there was no delay or default in payment of fines.
Financial Impact Assessment
The Company states there is no material impact on financials, operations, or other activities of the Company from this regulatory action.
Consequences of Non-Payment
The exchanges warned that failure to ensure compliance and/or payment of fine within 10 days of receipt of notice would result in initiation of freezing of promoter holdings.