ALFA Filings
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38 announcements
The Hon'ble NCLAT, Chennai Bench has stayed the NCLT order admitting BGR Energy Systems Limited into the Corporate Insolvency Resolution Process (CIRP). The stay was granted as a settlement proposal is currently under consideration between the parties. CIRP proceedings are presently stayed and inoperative until the next hearing on June 15, 2026.
BGR Energy Systems Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) following an order from the NCLT Amaravati Bench. A public announcement has been issued, and newspaper advertisements were published on April 24, 2026. Control of the company has shifted to an interim resolution professional as per the IBC framework.
BGR Energy Systems Limited has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the NCLT Amaravati Bench. The process follows a default of ₹584.68 Crore on facilities initially granted by Canara Bank and later assigned to NARCL. A moratorium is now in effect, and Mr. Dommeti Surya Rama Krishna Saibaba has been appointed as the Interim Resolution Professional.
The NCLT Amaravati Bench has initiated Corporate Insolvency Resolution Process (CIRP) against BGR Energy Systems Limited following a ₹584.68 Crore default. The petition was filed by NARCL (substituted for Canara Bank). A moratorium has been declared, and Mr. Dommeti Surya Rama Krishna Saibaba has been appointed as the Interim Resolution Professional.
BGR Energy Systems Ltd has been admitted into the Corporate Insolvency Resolution Process by the NCLT following an application by NARCL. The total default amount is ₹584.67 Crore. A moratorium has been declared, and Mr. Dommeti Surya Rama Krishna Saibaba is appointed as the Interim Resolution Professional. The company plans to appeal this order before the NCLAT.
BGR Energy Systems Ltd submitted its compliance certificate under SEBI (DP) Regulations for the quarter ended March 31, 2026. The registrar confirmed that security certificates received for dematerialisation were processed within prescribed timelines. This is a routine regulatory filing with no material impact on the company's financials or operations.
BGR Energy Systems Ltd reported a total default of ₹3,561.70 Crore on loans and revolving facilities from banks as of March 31, 2026. The company's total financial indebtedness stands at ₹3,994.88 Crore. Investors should note the significant liquidity challenges indicated by the total default matching the total outstanding bank facilities.
BGR Energy Systems Ltd reported a net loss of ₹193 Cr for Q3 FY26.