BF Utilities has disclosed receiving communications from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The penalties stem from delays in submitting unaudited financial results for the quarter ended June 30, 2025, by its subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE).
The NSE and BSE have each levied a fine of ₹1,71,100 for the non-compliance, totaling ₹3,42,200. The due date for payment is September 30, 2025. BF Utilities has stated that there is no delay or default in the payment of the fine and that the company is in the process of making the payment.
| Authority | Fine Amount (₹) | Due Date for Payment |
|---|---|---|
| National Stock Exchange of India Limited (NSE) | 1,71,100 | September 30, 2025 |
| BSE Limited | 1,71,100 | September 30, 2025 |
BF Utilities had previously informed the stock exchanges on August 13, 2025, about the anticipated delay in submitting the consolidated financial results. The company asserts that this non-compliance will not have a material impact on its financials, operations, or other activities.
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