Updates

BF UTILITIES CIN : L40108PN2000PLC015323 SECT/BFUL/ September 30, 2026 National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051 SYMBOL – BFUTILITIE Re: Comments of Board of Directors in meeting held today Dear Sir/Ma’am, We wish to inform you that in the matter related to Non-Compliance of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations), 2015 for Non- Submission of Consolidated Unaudited Financial Results for the quarter ended June 30, 2026, the fine imposed by BSE Limited (BSE) and National Stock Exchange of India Ltd. (NSE) vide their letters dated September 11, 2026 and September 28, 2026 were placed before the Board of Directors in their meeting September 30, 2026. The Board after due analysis and deliberation noted that the Non-Submission had occurred as the Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), Subsidiaries of the Company, have not submitted their Unaudited Financial Results for the quarter ended June 30, 2026. They noted that the Company will publish Consolidated Results, once the same are made available by these Subsidiary Companies and emphasized that going forward prescribed timelines & compliances should be strictly adhered to. Further, Board noted that the Company has submitted Standalone financial results for the quarter ended June 30, 2026 on August 14, 2026. Further, in the matter related to non- compliance of the Regulation 17(1) of Listing Regulations pertaining to the composition of the Board including delay to appoint Independent Director, the fine imposed by BSE and NSE vide its letters dated August 25, 2026 for quarter ended June 30, 2026, were placed before the Board of Directors in their meeting held today. The Board of Directors discussed and noted that the Company has appointed Non-Executive – Independent Director of the Company, not liable to retire by rotation, for a period of 5 (Five) consecutive years with effect from September 07, 2026 to September 06, 2031. Thanking You, Yours Faithfully, For BF Utilities Limited B.S. Mitkari Director Secretarial@bfutilities.com Encl: NSE letters BF UTILITIES LIMITED, MUNDHWA, PUNE CANTONMENT, PUNE 411 036, MAHARASHTRA, INDIA Phone: +91 7719004777 I Email: Secretarial@bfutilities.com I Website: www.bfutilities.com NSE/LIST-SOP/COMB/FINES/0954 August 25, 2026 The Company Secretary BF Utilities Limited Dear Sir/Madam, Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange records, it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s). The details of non-compliance(s)/delayed compliance(s), total fine payable by your Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure. You are requested to inform the Promoters about identified non-compliance/delayed compliance and to ensure compliance with respective regulation(s) and make the payment of fines within 15 days from the date of this notice, failing which the Exchange may initiate following actions as per Master Circular: 1. Initiate freezing of entire shareholding of the Promoters in the Company as well as in other securities held in the Demat account of the Promoters. 2. Trading in securities of your Company shall take place on a 'Trade for Trade' basis, in case of consecutive default with Regulations 17(1), 18(1) and 27(2) of the Listing Regulations i.e., Shifting of trading in securities to Z Category as per Master Circular. Upon receipt of this review notice, the Company may file the waiver request. Below are the parameters for filing the application for waiver: a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver application on the below mentioned path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request. b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek personal hearing before the concerned Committee. c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of the non-complied Companies will not be processed without achieving the compliance. d) In case the Company is non-compliant under multiple regulations, the Company is advised to file a single application mentioning the details of all the respective regulations and quarters for which the Company intends to apply for waiver. e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines) only if the fine amount is more than Rs. 5,000/- exclusive of GST. However, before filing an application for waiver of fines, you are requested to refer to the below policy available on the Exchange’s website. For ready reference you may refer below link: Policy on processing of waiver application: https://nsearchives.nseindia.com//web/circular/2026- 01/Policy_for_waiver_of_fines_Final1_20260113193131.pdf Further, as per Master Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for dissemination having the announcement text as 'Board comments on fine levied by the Exchange'. Path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA (Subject: Updates) In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below mentioned Exchange Officers from Listing Compliance Department: Ms. Komal Singh Ms. Madhu Kadam Ms. Chanchal Daga (Waiver request) Ms. Neha Salvi (Waiver request) Yours faithfully, For National Stock Exchange of India Limited Sonam Yadav Manager Annexure Fine amount per day No. of days of non- Fine Regulation Quarter (Rs.) / Fine amount per compliance / No. of amount instance (Rs.) instance(s) (Rs.) REGULATION 30-Jun- 5000 31 155000 17(1) 2026 Total Fine 155000 GST @18% 27900 Total Fine Payable (Inclusive of GST) 182900* * In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing every day till the date compliance is achieved. Notes: • If the fine amount is paid before receipt of this letter then inform the Exchange accordingly. • Please update the payment details on below mentioned path: NEAPS > Payment > SOP Fine Payment. • The above payment may be made vide RTGS / NEFT / Net Banking favouring 'National Stock Exchange of India Limited'. The bank details towards the payment of fine are as follows: BENEFICIARY NATIONAL STOCK EXCHANGE OF INDIA LIMITED NAME BANK NAME IDBI BANK LTD Please refer Unique Account Code used for making Annual Listing A/C NO fees to the Exchange BRANCH BANDRA KURLA COMPLEX, MUMBAI RTGS/IFSC CODE IBKL0001000 • The fine paid as mentioned above will be credited to IPFT as envisaged in the circular. NSE/LIST-SOP/FINES/1028 September 11, 2026 The Company Secretary BF Utilities Limited Dear Sir/Madam, Subject: Notice for non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and l [Showing first 8,000 characters — download PDF for full document]