Shareholders meeting

BF UTILITIES CIN : L40108PN2000PLC015323 BFUL/NSE/BSE/ November 04, 2026 National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Tower Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001. SYMBOL – BFUTILITIE Scrip Code – 532430 ISIN No - INE243D01012 Dear Sir/Ma’am, Sub: Notice and Annual Report of 26th (Twenty Sixth) Annual General Meeting of the Company scheduled to be held on Saturday, November 28, 2026 Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Notice of the 26th Annual General Meeting and Annual Report for the financial year ended March 31, 2026 of the Company scheduled to be held on Saturday, November 28, 2026 at 03.00 p.m. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OVAM”), without presence of Members at a common venue, which is being sent through electronic mode to those Members on their registered email addresses. Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, a letter is being sent to those members whose e-mail addresses are not registered with the Company / RTA / DPs, providing a web-link from where Notice and Annual Report can be accessed on the web- site of the Company. Event Details Date and time of AGM Saturday, November 28, 2026 at 03.00 p.m. IST Cut-off date to vote on AGM Saturday, November 21, 2026 resolutions E-voting start Date and time Wednesday, November 25, 2026 at 9.00 a.m. IST E-voting end Date and time Friday, November 27, 2026 at 5.00 p.m. IST Book Closure for AGM Saturday, November 28, 2026 E-voting and for participating of https://www.evoting.nsdl.com/ AGM through VC / OAVM website Weblink for AGM Notice http://www.bfutilities.com/annual-report.html Weblink for Integrated Annual http://www.bfutilities.com/annual-report.html Report The same is also available on the Company’s website at the following link: click here Kindly take the same on record. Thanking you, Yours Faithfully, For BF Utilities Limited Pragati S. Rai Company Secretary Email: Secretarial@bfutilities.com Encl: Notice and Annual Report of 26th Annual General Meeting BF UTILITIES LIMITED, MUNDHWA, PUNE CANTONMENT, PUNE 411 036, MAHARASHTRA, INDIA Phone: +91 7719004777 I Email: Secretarial@bfutilities.com I Website: www.bfutilities.com BF UTILITIES LIMITED K A LYA N I DRIVING INNOVATION 26th ANNUAL REPORT 2025-26 CONTENTS 1. Board of Directors etc. 1 2. Notice 2 3. Report on Corporate Governance 14 4. Directors' Report 42 5. Business Responsibility & Sustainability Reporting 80 6. Standalone Financials 104 7. Consolidated Financials 160 Annual Report for the year ended on 31st March, 2026 BOARD OF DIRECTORS Mr. A. B. Kalyani Chairman, Non-Executive Director, Non-Independent Director Mr. S. K. Adivarekar Non-Executive, Independent Director (ceased to be an Independent Director w.e.f May 30, 2026) Mr. B. S. Mitkari Whole-time Director (WTD) Mr. J. K. Hemade Non-Executive, Independent Director Mr. M. U. Takale Non-Executive, Non-Independent Director Mrs. M. R. Vartak Non-Executive, Independent Director (appointed w.e.f March 17, 2026) CHIEF EXECUTIVE OFFICER (CEO)/ CHIEF FINANCIAL OFFICER (CFO) Mr. B. S. Mitkari COMPANY SECRETARY Ms. Pragati Suresh Rai STATUTORY AUDITORS G. D. Apte & Co., Chartered Accountants SECRETARIAL AUDITORS SVD & Associates Practicing Company Secretaries BANKERS HDFC Bank Limited ICICI Bank Limited REGISTRAR AND SHARE TRANSFER AGENT MUFG Intime India Pvt. Ltd. (Formerly known as Link Intime India Private Limited) 'Akshay' Complex, Block No. 202, 2nd Floor, Near Ganesh Temple, Off Dhole Patil Road, Pune - 411 001 Tel.: +91 (20) 46014473 Email: Investor.helpdesk@in.mpms.mufg.com REGISTERED OFFICE BF Utilities Limited Mundhwa, Pune Cantonment, Pune 411 036, Maharashtra, India. Tel.: +91 7719004777 E-mail : secretarial@bfutilities.com Website : www.bfutilities.com CIN : L40108PN2000PLC015323 INFORMATION FOR SHAREHOLDERS Annual General Meeting Day & Date : Saturday, November 28, 2026 Time : 03.00 p.m. Venue : AGM will be held through VC/OAVM Date of Book Closure : Saturday, November 28, 2026 BF UTILITIES LIMITED annual report 2025-2026 1 Registered Office : Mundhwa, Pune Cantonment, Pune 411 036. CIN : L40108PN2000PLC015323 Phone No: 7719004777 Website : www.bfutilities.com Email id : Secretarial@bfutilities.com NOTICE OF THE 26TH ANNUAL GENERAL MEETING NOTICE is hereby given that the Twenty Sixth Annual General Meeting of the Members of BF Utilities Limited will be held on Saturday, November 28, 2026, at 03.00 p.m. Indian Standard Time (IST) through Video Conference ("VC") / Other Audio Visual Means ("OAVM") facility, to transact the following business: ORDINARY BUSINESS: 1. To consider and adopt: a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, and the reports of the Board of Directors along with its Annexures and Auditors thereon. b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, and the report of the Auditors thereon. 2. To appoint a Director in place of Mr. B. S. Mitkari (DIN: 03632549), who retires by rotation and being eligible, offers himself for re-appointment. 3. To appoint Kirtane & Pandit LLP, Chartered Accountants, Pune (Firm Registration No. 105215W/W100057) as the Statutory Auditors of the Company and fix their remuneration. To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Section 139, 142, 177 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), the Chartered Accountants Act, 1949 and based on the recommendation of Audit committee and approval of the Board of Directors of the Company, consent of the members of the Company be and is hereby accorded for appointment of Kirtane & Pandit LLP , Chartered Accountants (Firm Registration No. 105215W/W100057) as the Statutory Auditors of the Company for conducting the Statutory Audit of the Company for a term of 5 (Five) consecutive years commencing from FY 2026-27 to FY 2030-31 i.e. to hold office from the conclusion of the ensuing 26th Annual General Meeting (AGM) of the Company until the conclusion of 31st AGM of the Company to be held in the Financial Year 2031-32 at a remuneration to be mutually agreed between the Board of Directors/Management and the Auditors, plus applicable taxes and reimbursement of out-of-pocket expenses. RESOLVED FURTHER THAT any Director of the Company (including any committee thereof) and/or Key Managerial Persons of the Company, be and are hereby authorized to decide and finalize the terms and conditions of appointment, including the remuneration of the Statutory Auditors, from time to time and to file returns/forms /other documents with statutory and other authorities and to do all such acts, deeds and things, including execution of all such forms, deeds, documents, instruments and writings as may be required in this regard." By Order of the Board For BF Utilities Limited Pragati S. Rai Place : Pune Company Secretary Date : September 30, 2026 Membership No.: ACS 66887 Registered Office: Mundhwa Pune cantonment Pune MH 411036 IN CIN: L40108PN2000PLC015323 E-mail: Secretarial@bfutilities.com Website: www.bfutilities.com 2 BF UTILITIES LIMITED annual report 2025-2026 NOTES : 1. The Notice of Annual General Meeting was approved by the Board of Directors at its meeting held on September 30, 2026 2. The Ministry of Corporate Affairs ("MCA"), inter alia, vide its General Circular No(s). 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 20/2020 dated May 5, 2020, and subsequent circulars issued [Showing first 8,000 characters — download PDF for full document]