BGR Energy Systems has announced that the National Company Law Appellate Tribunal (NCLAT) has adjourned the hearing of its insolvency appeal to November 16, 2026. The adjournment follows recent developments regarding a settlement proposal with National Asset Reconstruction Company Limited (NARCL).

The matter, originally scheduled for hearing on September 28, 2026, relates to the suspension of an earlier National Company Law Tribunal (NCLT) order. The Tribunal noted the ongoing settlement discussions as the primary reason for postponing the next date of hearing.

Status of Legal Proceedings

The company confirmed that the suspension order previously granted by the Hon'ble NCLAT remains in effect. This stay will continue until the next scheduled hearing in November 2026. The proceedings involve Company Appeal (AT) (CH) (Ins) No. 252/2026, along with associated interim applications.

Key details of the update include:

• Next Hearing Date: November 16, 2026
• Reason for Adjournment: Progress in arriving at a settlement proposal with NARCL
• Current Order Status: Suspension of NCLT order No. CP (IB)/58/7/AMR/2024 remains active
• Documentation: Copy of the tribunal's order yet to be received by the company

Regulatory Disclosure

This update was filed under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it will intimate the stock exchanges upon receipt of the formal copy of the order from the NCLAT.

BGR Energy Systems Ltd has announced the closure of its trading window for dealing in company securities. The restriction applies to all directors, promoters, officers, and designated employees effective October 1, 2026.

This measure is implemented in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading. The window will remain closed until 48 hours after the announcement of unaudited financial results for the quarter and half year ending September 30, 2026.

Compliance and Restrictions

The company has intimated all designated persons, including directors, employees, registrars and transfer agents (RTA), and auditors, along with their immediate relatives, not to trade in equity shares during this period. The prohibition covers buying, selling, or dealing in any manner with the company's securities.

The date for the board meeting to approve the unaudited financial results for the quarter and half year ending September 30, 2026, will be communicated separately. This notice was signed by S. Sundar, Company Secretary and Compliance Officer, on September 25, 2026.