BF Utilities Limited — Others, 29-05-2025: Change in Director(s)

BF Utilities has announced a board meeting on which it approved the financial results for the quarter and year ended March 31, 2025. Quarterly revenue was ₹236.87 lakh with a profit before tax of ₹26.29 lakh; annual revenue stood at ₹41.68 Cr with PBT of ₹21.50 Cr. The board appointed SVD & Associates as Secretarial Auditors and Mr. Saurabh Jathar as Internal Auditor for FY 2025-26, and added Mr. Madan Umakant Takale as an Additional Director pending shareholder approval. Mr. B.N. Kalyani resigned as Chairperson and Director, with Mr. A.B. Kalyani taking over as Chairperson. Toll operations at a key subsidiary ended as the concession expired, though assets remain recoverable. Auditors issued a qualified opinion due to a long-outstanding ₹37 Cr interest-free advance to a subsidiary for land acquisition, which the company considers recoverable. Consolidated results are delayed awaiting audited subsidiary financials. The Board also approved amendments to the Insider Trading Code effective June 9, 2025.