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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">Notes:      1. The above standalone financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 31 October, 2024. These results have been subjected to limited review by the statutory auditors of the Company.      2. Financial results of the Company have been prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting standard) Rule 2015 (as amended).      2.A.      The Company has provided for current tax of Rs. 270.00 lakh in respect of dividend received in earlier quarter on a cumulative basis.        3. Management review of certain litigations by and against the Company does not warrant recognition of any provision in the books of account as at 30 September, 2024. The Company, shall continue the review in future and if required carry out the necessary accounting adjustments.      One of the investors of Nandi Economic Corridor Enterprises Limited (NECE), a step-down subsidiary of the Company, has in terms of Shareholders’ Agreement (SHA) dated 24th December 2010, exercised a default put option of its equity shares held in NECE, on the Company, which the Company has denied as wrongful, and has rejected and disputed its invocation. As on the date of approval of these financial results, the purchase price of such shares of NECE cannot be estimated since invocation of the put option is under dispute.      4. The toll operations of one of our Material Subsidiaries viz. Nandi Highway Developers Limited (NHDL) have ceased w.e.f September 07, 2024, due to end of term of Concession agreement dated February 05, 1998 and Supplementary agreement dated June 21, 2024 between NHDL, Government of India and Government of Karnataka. Considering the future business plans by the management of NHDL and positive net worth of NHDL, the investment in the said subsidiary is considered good.          5. The Company has given Rs 3700 Lakhs to NECE, a step down subsidiary, as Advance towards acquisition of land parcels, which NECE Confirms on quarterly basis during the Limited Review of Financials.  The Company is of the opinion that the advance is good and recoverable.       6. Nandi Infrastructure Corridor Enterprises Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE) which are the subsidiaries of the Company, have not yet submitted the audited financial statements for the year ended March 31, 2024 and the unaudited financial results for the quarter ended June 30, 2024 and quarter &amp; half year ended September 30, 2024 to the Company. Further, Nandi Highway Developers Ltd.,(NHDL)  a subsidiary has not submitted the unaudited financial results for the quarter and half Year ended September 30, 2024 to the Company. The Company will publish the consolidated financial results for year ended March 31, 2024 and quarter ended June 30, 2024 and half year &amp; quarter ended September 30, 2024, once the financial statements / results of all the above-mentioned subsidiaries are made available to the Company.        7. The Company has reclassified previous period’s / year’s figures to conform to current period’s classification.      For BF Utilities Ltd.            B S Mitkari   Whole Time Director   DIN: 03632549   Pune – 31 October, 2024.   Duly Authorised by the Board of directors on their behalf</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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