Shareholders approve Ajay Kirtane as Non-Executive, Independent Director for a five-year term
BF Utilities shareholders have approved the appointment of Mr. Ajay Charuchandra Kirtane (DIN: 02711040) as a Non-Executive, Independent Director.
By ScoutQuest · · 2 min read
- Director DIN
- DIN: 02711040
- Appointment Term
- five consecutive years, with effect from September 07, 2026, till September 06, 2031
- Approval Mode
- Special Resolution by postal ballot; e-voting from 18 September 2026 to 17 October 2026
Board change confirmed by shareholders
The appointment of Mr. Ajay Charuchandra Kirtane (DIN: 02711040) as a Non-Executive, Independent Director of BF Utilities has been approved by the Members through a Special Resolution passed by postal ballot. The company had earlier informed the exchanges on September 07, 2026 that he was being appointed as an Additional, Non-Executive, Independent Director.
- Term: five consecutive years, with effect from September 07, 2026, till September 06, 2031 (both days inclusive)
- He is not liable to retire by rotation
- The e-voting window ran from 9:00 a.m. (IST) on Friday, September 18, 2026 to 5:00 p.m. (IST) on Saturday, October 17, 2026
- The voting result was shared with the stock exchanges on October 19, 2026
Who is Mr. Kirtane:
He is a qualified Cost & Works Accountant with more than 34 years of experience in financial management, debt syndication, mergers and acquisitions, private equity and related fields. He is the founder and Associate Member of management consultancy firm Shah & Kirtane, from which he retired with effect from 31st March 2025. The firm has been involved in corporate and commercial consultancy projects across industries including engineering, infrastructure, real estate and auto components.
Other disclosures
- He is not related to any other Director or Key Managerial Personnel on the Board of the Company.
- He is not debarred from holding the office of a Director by virtue of any SEBI order or any other such authority.
What this means for investors
This is a board composition update: an independent director's position has moved from an additional appointment to a shareholder-approved one, with a defined five-year term. The update sets out his professional background and confirms his independence-related disclosures, including no family relationship with the existing Board or KMP. No financial terms, remuneration details or changes to the company's operations are part of this disclosure.
Also from BF Utilities
Board approves re-appointment of Director retiring by rotation and new statutory auditors; FY26 audited results declared
30 Sep 2026
Kirtane & Pandit LLP appointed Statutory Auditors for 5 years; FY26 audited results approved
30 Sep 2026
Consolidated results for the quarter ended 31-Mar-26 (Audited)
30 Sep 2026
More numbers
- Term of appointment as Independent DirectorFive (05) consecutive years
- Experience of Mr. Ajay Kirtanemore than 34 years
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