BF Utilities Ajay Kirtane appointed
BF Utilities (BFUTILITIE) said Ajay Kirtane has been appointed. The company is valued at about ₹1,770 crore.
What happened
BF Utilities (BFUTILITIE) told the exchanges on 19 October 2026 at 05:14 PM that Ajay Kirtane has been appointed.
Company snapshot
BF Utilities is a small-cap company, with a market value of about ₹1,770 crore.
The stock last traded at ₹470, against a 52-week range of ₹368.7–₹794 (40.8% below the high).
Before this filing the shares had moved −9.8% over the month and −22.3% over three months. Average daily turnover over the last 20 sessions was about ₹2.2 crore.
Promoters held 56.72% at the end of Q1 FY27. Foreign institutions owned 1.61% and domestic institutions 0.07%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 212 | 38.4 | 10.19 |
| Q2 FY26 | 232 | 42.5 | 11.28 |
| Q3 FY26 | 235 | 41.6 | 11.05 |
| Q4 FY26 | 270 | 14.9 | 3.95 |
| Q1 FY27 | 6 | -5 | -1.34 |
What history shows
BCEIE's records show 6 previous management change filings from the company since May 2026.
After those filings, the stock fell 0.2% on average the next trading day and was up 1.3% on average after five days (6 filings with price data).
Market-wide, 3,966 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 30 Sept 2026 | Completion of first term of M/s G. D. Apte and Co., Statutory Auditor | −0.6% | — |
| 7 Sept 2026 | Appointment of Mr. Ajay Kirtane as additional Independent Director | −1.4% | −0.2% |
| 7 Sept 2026 | Appointment of Mr..Ajay Kirtane as Additional Independent Director… | −1.4% | −0.2% |
| 7 Sept 2026 | Change in Director(s) | −1.4% | −0.2% |
| 7 Sept 2026 | Management change | −1.4% | −0.2% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.