BF Utilities Limited: Promoter Group Declares No Encumbrance on Shareholding for FY 2025-26
BF Utilities Limited has filed a regulatory declaration dated April 3, 2026, confirming no encumbrance on the promoter group's aggregate shareholding for Financial Year 2025-26, as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration, signed by B.N. Kalyani, covers 26 individuals and entities within the promoter group, including investment companies, trading firms, family trusts, and individual promoter members. The filing was submitted to both the National Stock Exchange of India Ltd. and BSE Limited, affirming compliance with applicable SEBI disclosure norms.

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BF Utilities Limited has filed a regulatory disclosure with the National Stock Exchange of India Ltd. and BSE Limited, dated April 3, 2026, declaring that no encumbrance has been created on the aggregate shareholding held by its promoter and promoter group during Financial Year 2025-26. The declaration has been submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Regulatory Declaration Under SEBI Takeover Regulations
The disclosure was made by B.N. Kalyani on behalf of himself and all other individuals and entities constituting the promoter group of BF Utilities Limited. The declaration confirms that, as per information on records, no encumbrance — direct or indirect — has been made on the aggregate shareholding held by the promoter or promoter group, other than those already disclosed during Financial Year 2025-26.
Promoter Group Entities Covered Under the Declaration
The declaration encompasses a total of 26 individuals and entities forming part of the promoter group. The following table details all entities and individuals on whose behalf the declaration has been submitted:
| Sr. No.: | Name of Entity/Person | Category |
|---|---|---|
| 1. | Mr. B. N. Kalyani | Promoter |
| 2. | Ajinkya Investment & Trading Company | Promoter Group |
| 3. | Kalyani Investment Company Ltd. | Promoter Group |
| 4. | KSL Holdings Pvt. Ltd. | Promoter Group |
| 5. | PIH Finvest Co. Ltd. | Promoter Group |
| 6. | BF Investment Ltd. | Promoter Group |
| 7. | Jannhavi Investment Pvt. Ltd. | Promoter Group |
| 8. | Sundaram Trading and Investment Pvt. Ltd. | Promoter Group |
| 9. | Rajgad Trading Co. Pvt. Ltd. | Promoter Group |
| 10. | Kalyani Consultants Pvt. Ltd. | Promoter Group |
| 11. | Dandakaranya Investment & Trading Pvt. Ltd. | Promoter Group |
| 12. | Campanula Investment & Finance Pvt. Ltd. | Promoter Group |
| 13. | Cornflower Investment & Finance Pvt. Ltd. | Promoter Group |
| 14. | Hastinapur Investment & Trading Pvt. Ltd. | Promoter Group |
| 15. | Dronacharya Investment & Trading Pvt. Ltd. | Promoter Group |
| 16. | Aboli Investment Pvt. Ltd. | Promoter Group |
| 17. | Kalyani Exports & Investments Pvt. Ltd. | Promoter Group |
| 18. | Babasaheb Kalyani Family Trust | Promoter Group |
| 19. | Mr. Gaurishankar Neelkanth Kalyani | Promoter Group |
| 20. | Mr. Ashok Kumar Kheny | Promoter Group |
| 21. | Mrs. Sunita Babasaheb Kalyani | Promoter Group |
| 22. | Mrs. Rohini Gaurishankar Kalyani | Promoter Group |
| 23. | Dr. Mira Kheny | Promoter Group |
| 24. | Mrs. Sugandha Jai Hiremath | Promoter Group |
| 25. | Mr. Amit Babasaheb Kalyani | Promoter Group |
| 26. | Mrs. Deeksha Amit Kalyani | Promoter Group |
Compliance and Disclosure
The declaration was addressed to both the National Stock Exchange of India Ltd. and BSE Limited, fulfilling the annual disclosure obligation mandated under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The filing was signed by B.N. Kalyani and submitted on behalf of the entire promoter group of BF Utilities Limited, headquartered at Mundhwa, Pune Cantonment, Pune.
Historical Stock Returns for BF Utilities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | +4.97% | +40.50% | -13.67% | -17.19% | +116.24% |
How might BF Utilities Limited's clean encumbrance record influence institutional investor confidence and potential stake acquisitions in the company going forward?
Could the Kalyani Group's consistent regulatory compliance across its multiple listed entities position BF Utilities favorably for any upcoming capital-raising or strategic partnership activities?
What are the potential implications for BF Utilities' stock valuation if any promoter group entity were to pledge shares in future financial years amid evolving business expansion plans?


































