BF Utilities pays ₹2.65 lakh fine for delay in FY26 results

BF Utilities paid a total fine of ₹2.65 lakh to the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The penalty was levied for the delay in submitting the Consolidated Financial Results for the quarter and year ended March 31, 2026. The company confirmed that the payments were made to avoid potential freezing of promoter holdings by the exchanges.

The delay in filing the results was attributed to the company's subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE). These entities had not submitted their Audited Financial Results for the specified period to the parent company as of the letter dated May 28, 2026, which was previously intimated to the stock exchanges.

Details of the Penalty

The exchanges imposed fines for the violation of Listing Regulations. The company disclosed that it had paid a portion of the amount to the NSE earlier and settled the remaining dues along with the BSE penalty on July 17, 2026.

Authority	Nature of Action	Amount Paid (₹)	Payment Status
NSE	Fine for non-compliance of Regulation 33	2,65,500	Fully paid (Rs. 1,71,100 on July 01, 2026; Rs. 94,400 on July 17, 2026)
BSE	Fine for non-compliance of Regulation 33	94,400	Paid on July 17, 2026
Total		3,59,900

Regulatory Disclosures

The company received the communication regarding the fine and the non-compliance on July 16, 2026. The disclosures were made in accordance with SEBI Listing Regulations read with Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. BF Utilities stated that there was no delay in the payment of the fines once the demand was received.

Despite the regulatory breach, the company clarified that there is no material impact on its financials, operations, or other activities. The exchanges had warned that failure to ensure compliance and pay the fine within 10 days of receipt of the notice would result in the initiation of freezing of promoter holdings.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.50%	+10.34%	-1.59%	+4.42%	-25.40%	+22.43%

BF Utilities paid fines of ₹1,71,100 each to the National Stock Exchange of India (NSE) and BSE Limited for non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The penalties were levied due to a delay in submitting the consolidated financial results for the quarter and year ended March 31, 2026. The company remitted the total amount of ₹3,42,200 on July 01, 2026, subject to tax deducted at source (TDS).

The non-compliance arose because three subsidiaries—Nandi Infrastructure Corridor Enterprise Ltd (NICE), Nandi Economic Corridor Enterprises Ltd (NECE), and Nandi Highway Developers Limited (NHDL)—had not submitted their audited financial results to the company. BF Utilities had previously intimated the stock exchanges regarding the reason for this delay via a letter dated May 28, 2026.

The exchanges issued the communication regarding the fine on June 30, 2026. The due date for the payment was July 15, 2026, though the company settled the amount ahead of schedule. The regulation mandates timely disclosure of financial results to ensure transparency for investors.

BF Utilities clarified that there is no material impact on its financials, operations, or other activities as a result of this incident. The payment details were disclosed to the exchanges upon completion of the transaction.

Details of Regulatory Action

Detail	Information
Name of the Authority	National Stock Exchange of India Limited (NSE) & BSE Limited (BSE)
Nature of Action	Fine levied for non-compliance of Regulation 33
Amount Paid	₹1,71,100 to each exchange (inclusive of GST)
Date of Payment	July 01, 2026
Date of Order	June 30, 2026
Violation	Delay in submission of Consolidated Financial Results for the quarter and year ended March 31, 2026