BGR Energy Q1 loss Rs 226 cr, to raise 150 cr loan from promoters
BGRENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY26-27 standalone net loss of Rs 226.07 cr (vs Rs 263.02 cr loss YoY) on revenue of just Rs 15.30 cr; finance costs alone were Rs 203.79 cr. Company will raise unsecured loans up to Rs 150 cr from promoter group with option to convert to equity, plus Rs 29 cr from MD. Re-appointed MD Arjun Raghupathy for 5 years. Auditor flagged material uncertainty on going concern. 9 PSU banks already assigned dues to NARCL; ICICI Bank facilities remain NPA. NCLT insolvency order from April stayed by NCLAT.
Massive losses, NPA status and insolvency overhang weigh on stock, but promoter funding and potential NARCL debt cut offer some relief.