BF Utilities Limited — Others, 29-05-2025: Appointment

BF Utilities has announced a board meeting on the approval of the financial results for the quarter and year ended March 31, 2025. The company reported total revenue of Rs. 335.48 lakh for the quarter, with a profit before tax of Rs. 26.29 lakh and net profit of Rs. 7.07 lakh. The wind mills segment remained profitable, while the infrastructure segment posted losses. New appointments include SVD & Associates as secretarial auditors and Mr. Saurabh Jathar as internal auditor for FY 2025-26, along with Mr. Madan Umakant Takale as an additional non-executive director. Leadership changes saw Mr. B.N. Kalyani resign as Chairperson, succeeded by Mr. A.B. Kalyani. The auditors issued a qualified opinion due to a Rs. 37 Cr interest-free advance to a subsidiary, deemed recoverable by management. Toll operations in a key subsidiary ended after concession expiry, with assets still in good condition. Pending audited subsidiary results have delayed consolidated financials. Overall, core business remains steady with ongoing governance and audit improvements.