BGR Energy Systems Limited has disclosed the receipt of orders under Section 74 of the Central Goods and Services Tax (CGST) Act, 2017 and the Uttar Pradesh Goods and Services Tax (SGST) Act, 2017, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The orders were issued by the Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh, and pertain to alleged variation in turnover across multiple financial years. The date of the orders is 07-05-2026, and the company received them on 11-05-2026.
GST Demand Details
The GST authorities have raised demands against BGR Energy Systems alleging variation in turnover for FY 2020-21, FY 2021-22, and FY 2023-24. The demands include tax, interest, and penalty components. The table below summarises the financial year-wise demand amounts:
| Financial Year: | Demand Amount (Rs.) |
| FY 2020-21 | 1,12,14,169 |
| FY 2021-22 | 6,37,16,138 |
| FY 2023-24 | 1,51,01,022 |
All three demands include tax, interest, and penalty as levied by the GST authorities.
Regulatory Disclosure
The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The key details of the regulatory action are outlined below:
| Parameter: | Details |
| Issuing Authority | Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh |
| Nature of Action | Orders under Section 74 of the CGST/SGST Act alleging variation in turnover |
| Date of Order | 07-05-2026 |
| Date of Receipt | 11-05-2026 |
| Financial Years Covered | FY 2020-21, FY 2021-22, FY 2023-24 |
Company’s Response and Financial Impact
BGR Energy Systems has stated that the orders are not expected to have any material financial impact on the company. The company has indicated that it is planning to appeal against all the above-mentioned orders. The disclosure was signed by S. Sundar, Company Secretary and Compliance Officer, on 11th May 2026.
