BF Utilities Limited
Key Quantitative Figures
- Fine amount levied by NSE: ₹4,42,500 (inclusive of GST)
- Fine amount levied by BSE: ₹4,42,500 (inclusive of GST)
- Total fine paid: ₹8,85,000
- Due date for payment: June 11, 2026 (15-day payment window)
Dates of Action
- Date of receipt of direction/order: May 27, 2026
- Date of payment: May 29, 2026
Parties Involved
- Regulatory Authorities: National Stock Exchange of India Limited (NSE), BSE Limited (BSE)
- Listed Entity: BF Utilities Limited
Nature of Violation
Non-compliance with Regulation 17(1) of SEBI Listing Regulations pertaining to the composition of the Board, specifically the failure to appoint an Independent Woman Director.
Remedial Action Taken
The company appointed Mrs. Mugdha Vartak as Non-Executive - Independent Woman Director of the Company, not liable to retire by rotation, for a period of 3 (three) consecutive years with effect from March 17, 2026 to March 16, 2029.
Financial Impact Assessment
The company explicitly states: "There is no material impact on financials, operations or other activities of the Company."
Payment Details
The company paid the fine of ₹4,42,500/- each (inclusive of GST) to NSE & BSE on May 29, 2026. The disclosure confirms there was no delay or default in payment of the fine.