Integrated Filing — IndAS



General information about company

Scrip Code 532930
NSE Symbol BGRENERGY
MSEI Symbol NOTLISTED
ISIN INE661I01014
Name of company BGR ENERGY SYSTEMS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 29-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-07-2026   15:45:00
End date and time of board meeting 29-07-2026   19:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,579.00 1,579.00
Other income 8,366.00 8,366.00
Total income 9,945.00 9,945.00
2 Expenses
(a) Cost of materials consumed 1,964.00 1,964.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 1,736.00 1,736.00
(e) Finance costs 20,379.00 20,379.00
(f) Depreciation, depletion and amortisation expense 90.00 90.00
(f) Other Expenses
1 Cost of Manufacturing and constructions 3,216.00 3,216.00
2 Other Direct cost 5.00 5.00
3 Other Expenses 4,884.00 4,884.00
Total other expenses 8,105.00 8,105.00
Total expenses 32,274.00 32,274.00
3 Total profit before exceptional items and tax (22,329.00) (22,329.00)
4 Exceptional items 0.00 0.00
5 Total profit before tax (22,329.00) (22,329.00)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (22,329.00) (22,329.00)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (22,329.00) (22,329.00)
17 Other comprehensive income net of taxes 19.00 19.00
18 Total Comprehensive Income for the period (22,310.00) (22,310.00)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (22,395.00) (22,395.00)
Total profit or loss, attributable to non-controlling interests 85.00 85.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 7,216.00 7,216.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -31.06 -31.06
Diluted earnings (loss) per share from continuing operations -31.06 -31.06
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -31.06 -31.06
Diluted earnings (loss) per share from continuing and discontinued operations -31.06 -31.06
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on Jul 29, 2026. 2.The consolidated audited financial results includes the interim financial information of three subsidiaries and one joint venture, which have not been reviewed by their auditors and are considered based on accounts certified by their respective management. 3.The financial statements of the subsidiaries namely, BGR Boilers Private Limited and BGR Turbines Company Private Limited for the year ended 31.03.2026 are yet to be audited. 4.These Consolidated Financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013. The Interim Consolidated Financial results are prepared and presented in accordance with the significant accounting policies and methods, as adopted in the audited consolidated financial statements for the year ended 31st March 2026. 5.In respect of the NUPPL Ghatampur Balance of work contract, there were an additional works to be executed by the parent company beyond the original scope of the contract. The Management has raised a claim of Rs.162042 lakhs with customer, which was subsequently taken up before Conciliation Committee. The Committee has admitted and recommended to the customer for its approval for Rs.33969 lakhs and balance pending for admission. Pending approval from the customer and revision/amendment of work order, the parent company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the first quarter ended 30th June 2026, the charge to profit and loss account is Rs.1913 lakhs and cumulative cost charged to P&L from Jul'24 to Jun'26 on account of this is Rs.41496 lakhs. 6.With respect to the NTTPS Vijayawada Balance of Plant Works contract, there were additional works executed by the parent Company beyond the original scope of the contract. The Management has raised a claim of Rs 76980 lakhs with the customer. the claim is pending for admission by customer. The parent Company is taking up its claim through legal course. Pending approval from the customer and revision/amendment of work order, the company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the first quarter ended 30th June 2026, the charge to profit and loss account is Rs.2266 lakhs and cumulative cost charged to P&L from Jan'26 to Jun'26 on account of this is Rs.7573 lakhs. 7.On 29th September 2025, 9 Public Sector banks (viz State Bank of India, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Indian Bank, IDBI Bank, Punjab National Bank and Union Bank of India) have assigned their outstanding dues payable by the parent Company to National Assets Reconstruction Company Ltd (NARCL). At present, only ICICI Bank facilities are still under NPA and not assigned to NARCL. Axis Bank and Kotak Mahindra Bank facilities are Non Fund based and are not classified as NPA. The parent Company is in discussion with NARCL for the documentation of the loan assignment and to finalise the total amount payable to NARCL. Interest charged for the quarter Jun'26 is Rs.17177 lakhs is provided in the profit and Loss account. This is done without prejudice to the rights and interests of the parent Company. 8.The Honourable NCLT order appointing IRP was made on 17.04.2026. The said order was stayed by Honourable NCLAT on 30.04.2026 and extended the stay till 30.07.2026. 9.The accounts are prepared based on going concern basis only. The Promoters have infused unsecured loan of Rs.43318 lakhs for business operation till date. Though there has been encashment of Bank Guarantees, the parent Company is continuing to execute the contracts and are hopeful of amicable solutions. Further, the parent Company is confident that an agreement will be signed with IDRCL/NARCL effecting substantial reduction both in principal and interest liability during the second quarter of 2026-27. 10.The Parent Company, with the assistance of an external consultant, has undertaken a detailed review of the balances outstanding in the operational creditors' ledgers to assess the existence and extent of its present obligations in respect of such balances. Based on the outcome of this review and the exercise of significant management judgment, the Parent Company has concluded that certain amounts outstanding to operational creditors are no longer represent present obligations of the Parent Company. Accordingly, commercial debit notes aggregating to Rs. 4460.25 lakhs have been raised against the concerned vendors in accordance with the contractual provisions. Further, the Parent Company has written back operational creditor balances amounting to Rs.3056.75 lakhs in respect of liabilities which, based on its legal assessment, have become unenforceable owing to the expiry of the limitation period prescribed under the Limitation Act, 1963. Consequently, such liabilities have been derecognised on the basis that they are no longer considered to represent present obligations requiring settlement. 11.The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Capital Goods 0.00191 0.00191
2 Construction and EPC Contracts 1,388.00 1,388.00
3 Unallocated 0.00 0.00
Total Segment Revenue 1,579.00 1,579.00
Less: Inter segment revenue
Revenue from operations 1,579.00 1,579.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Capital Goods (4,325.00) (4,325.00)
2 Construction and EPC Contracts 2,704.00 2,704.00
3 Unallocated (329.00) (329.00)
Total Profit before tax (1,950.00) (1,950.00)
i. Finance cost 20,379.00 20,379.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax (22,329.00) (22,329.00)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Capital Goods 7,513.00 7,513.00
2 Construction and EPC Contracts 4,15,235.00 4,15,235.00
3 Unallocated 1,754.00 1,754.00
Total Segment Asset 4,24,502.00 4,24,502.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 4,24,502.00 4,24,502.00
4 Segment Liabilities
Segment Liabilities
1 Capital Goods 17,916.00 17,916.00
2 Construction and EPC Contracts 2,57,346.00 2,57,346.00
3 Unallocated 4,66,988.00 4,66,988.00
Total Segment Liabilities 7,42,250.00 7,42,250.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 7,42,250.00 7,42,250.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) 1.The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on Jul 29, 2026. 2.The consolidated audited financial results includes the interim financial information of three subsidiaries and one joint venture, which have not been reviewed by their auditors and are considered based on accounts certified by their respective management. 3.The financial statements of the subsidiaries namely, BGR Boilers Private Limited and BGR Turbines Company Private Limited for the year ended 31.03.2026 are yet to be audited. 4.These Consolidated Financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013. The Interim Consolidated Financial results are prepared and presented in accordance with the significant accounting policies and methods, as adopted in the audited consolidated financial statements for the year ended 31st March 2026. 5.In respect of the NUPPL Ghatampur Balance of work contract, there were an additional works to be executed by the parent company beyond the original scope of the contract. The Management has raised a claim of Rs.162042 lakhs with customer, which was subsequently taken up before Conciliation Committee. The Committee has admitted and recommended to the customer for its approval for Rs.33969 lakhs and balance pending for admission. Pending approval from the customer and revision/amendment of work order, the parent company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the first quarter ended 30th June 2026, the charge to profit and loss account is Rs.1913 lakhs and cumulative cost charged to P&L from Jul'24 to Jun'26 on account of this is Rs.41496 lakhs. 6.With respect to the NTTPS Vijayawada Balance of Plant Works contract, there were additional works executed by the parent Company beyond the original scope of the contract. The Management has raised a claim of Rs 76980 lakhs with the customer. the claim is pending for admission by customer. The parent Company is taking up its claim through legal course. Pending approval from the customer and revision/amendment of work order, the company has charged the cost/expenses incurred to the Statement of Profit and Loss Account. During the first quarter ended 30th June 2026, the charge to profit and loss account is Rs.2266 lakhs and cumulative cost charged to P&L from Jan'26 to Jun'26 on account of this is Rs.7573 lakhs. 7.On 29th September 2025, 9 Public Sector banks (viz State Bank of India, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Indian Bank, IDBI Bank, Punjab National Bank and Union Bank of India) have assigned their outstanding dues payable by the parent Company to National Assets Reconstruction Company Ltd (NARCL). At present, only ICICI Bank facilities are still under NPA and not assigned to NARCL. Axis Bank and Kotak Mahindra Bank facilities are Non Fund based and are not classified as NPA. The parent Company is in discussion with NARCL for the documentation of the loan assignment and to finalise the total amount payable to NARCL. Interest charged for the quarter Jun'26 is Rs.17177 lakhs is provided in the profit and Loss account. This is done without prejudice to the rights and interests of the parent Company. 8.The Honourable NCLT order appointing IRP was made on 17.04.2026. The said order was stayed by Honourable NCLAT on 30.04.2026 and extended the stay till 30.07.2026. 9.The accounts are prepared based on going concern basis only. The Promoters have infused unsecured loan of Rs.43318 lakhs for business operation till date. Though there has been encashment of Bank Guarantees, the parent Company is continuing to execute the contracts and are hopeful of amicable solutions. Further, the parent Company is confident that an agreement will be signed with IDRCL/NARCL effecting substantial reduction both in principal and interest liability during the second quarter of 2026-27. 10.The Parent Company, with the assistance of an external consultant, has undertaken a detailed review of the balances outstanding in the operational creditors' ledgers to assess the existence and extent of its present obligations in respect of such balances. Based on the outcome of this review and the exercise of significant management judgment, the Parent Company has concluded that certain amounts outstanding to operational creditors are no longer represent present obligations of the Parent Company. Accordingly, commercial debit notes aggregating to Rs. 4460.25 lakhs have been raised against the concerned vendors in accordance with the contractual provisions. Further, the Parent Company has written back operational creditor balances amounting to Rs.3056.75 lakhs in respect of liabilities which, based on its legal assessment, have become unenforceable owing to the expiry of the limitation period prescribed under the Limitation Act, 1963. Consequently, such liabilities have been derecognised on the basis that they are no longer considered to represent present obligations requiring settlement. 11.The figures for the previous period have been regrouped/rearranged wherever necessary to conform to the current period's classification.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (19.00) (19.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 19.00 19.00