BGR Energy Systems has received a modified order from the Additional Commissioner of State Tax, Chhattisgarh, reducing the aggregate Goods and Services Tax (GST) demand from ₹33,65,67,267 to ₹21,04,87,008. The order, issued in Form GST APL-04 on June 10, 2026, modifies an earlier demand order dated December 28, 2023. This modification results in a relief of ₹12,60,80,259 for the company.

The Appellate Authority partly modified the original demand, confirming an aggregate amount of ₹21,04,87,008 against the company. The confirmed demand pertains to alleged tax, interest, and penalty under the applicable provisions of GST law as raised in the earlier order. The company received the order on June 10, 2026, the same date it was passed.

Details of the Order

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key particulars of the regulatory action:

Financial Impact and Next Steps

BGR Energy Systems stated that there is no material financial impact on the company at this stage following the modified order. However, the company intends to challenge the confirmed demand. The management indicated that the company is going to appeal against the said order to further contest the liability.

BGR Energy Systems Limited has initiated a postal ballot process to seek shareholder approval for increasing its authorised share capital and consequent alteration to the capital clause of its Memorandum of Association. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process, which allows members to cast their votes electronically.

The remote e-voting period commences at 09:00 AM (IST) on June 6, 2026, and concludes at 05:00 PM (IST) on July 5, 2026. Shareholders holding shares in either physical or dematerialized form as of the cut-off date of May 29, 2026, are eligible to participate. No voting will be permitted beyond the stipulated deadline of 5.00 PM on July 5, 2026.

The company has dispatched the notice of the postal ballot via email to members who have registered their contact details. Consequently, physical copies of the notice, postal ballot form, and pre-paid business reply envelopes will not be distributed. Shareholders whose email or mobile numbers are not registered are required to update their details with the company or their depository participants to participate.

M/s. BP & Associates, Company Secretaries, has been appointed as the scrutinizer to ensure the postal ballot process is conducted fairly and transparently. The voting results, along with the scrutinizer's report, will be made available on the company's website and communicated to the stock exchanges on or before July 7, 2026.

Key Dates for Postal Ballot