BGR Energy Systems Ltd

Insolvency Proceedings Update

• NCLAT adjourned the appeal to 28/09/2026, considering a settlement proposal with NARCL.
• Suspension order extended and remains in force until the next hearing date.
• Company will inform stock exchanges on receipt of the order copy.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Report issued by the statutory auditors for the period.

Key management appointments

• MD Arjun Govind Raghupathy reappointed for five years from 11 November 2026, subject to shareholder approval.
• Rangarajan Mukunthan appointed President for Business Division, effective 29 July 2026.

Financing actions

• Raising unsecured loans from MD up to Rs 29 crore.
• Raising loans from promoter group up to Rs 150 crore with conversion option.
• Loans may be converted into equity/preference shares or convertible securities.

Corporate actions

• Shifting registered office from Andhra Pradesh to Tamil Nadu; MOA amendment.
• Shareholder approval at the 40th AGM and Regional Director clearance required.

Regulatory/audit disclosures

• Auditors' limited review: standalone results carry going-concern emphasis; consolidated results include subsidiary-related qualification.
• Going concern uncertainty due to NARCL assignment; management remains hopeful for resolution.

Dematerialisation status

• No dematerialisation or rematerialisation requests were received during the quarter ending 30 June 2026.
• Securities dematerialised were listed on the stock exchanges where the earlier issued securities are listed.
• Dematerialisation requests were confirmed to depositories as accepted or rejected.
• Physical certificates for dematerialisation were mutilated and cancelled after due verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

Debt and indebtedness

• Outstanding bank/revolving facility loans as on 30.06.2026: Rs. 4091.09 crores.
• Of the total outstanding, amount of default as on 30.06.2026: Rs. 4091.09 crores.
• Unlisted debt securities (NCDs/NCRPS) outstanding as on 30.06.2026: Nil.
• Nil default on unlisted debt securities as of 30.06.2026.
• Total financial indebtedness including short-term and long-term debt: Rs. 4524.27 crores.

Increase in Authorised Capital

• Authorized share capital increases from ₹100 crore to ₹200 crore.
• Capital clause of MOA amended accordingly.
• Voting through Postal Ballot; e-voting period concluded 5 July 2026.
• Resolution deemed passed on last date of e-voting.

Resolution 1 (Ordinary)

• Increase in authorised share capital; Ordinary; MOA alteration included; passed with majority (in favour 37,794,553; against 332).