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- Important
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BF Utilities has announced a board meeting approving the financial results for the quarter and year. Quarterly revenue stood at Rs. 335.48 lakh with a profit before tax of Rs. 26.29 lakh, while the year’s profit after tax was Rs. 15.98 Cr. Key changes include new appointments of secretarial and internal auditors and the addition of an independent director pending shareholder approval. The Chairperson resigned and was succeeded by another board member. An interest-free advance of Rs. 37 Cr to a subsidiary received a qualified audit opinion, though management expects full recovery. Toll operations ceased in a major subsidiary, but its investment is still viewed positively. Consolidated results await receipt of subsidiary financials.