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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 13 February, 2025. 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).      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 31 December, 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 successfully concluded 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 assets in the said subsidiary are 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), Nandi Economic Corridor Enterprises Ltd. (NECE) and Nandi Highway Developers Ltd. (NHDL) which are the subsidiaries of the Company, have not yet submitted the unaudited financial results for the quarter &amp; nine months ended December 31, 2024 to the Company. The Company will publish the consolidated financial results for quarter and nine months ended December 31, 2024, once the financial 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. The impact of such reclassification / regrouping is not material to the financial    results.      For BF Utilities Ltd.            B S Mitkari   Whole Time Director   DIN: 03632549   Pune – 13 February, 2025.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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