BGR Energy Systems Limited has informed the Exchange about General Updates

BGR Energy Systems received a Rectification Order dated 21st June 2025 from the Assistant Commissioner of Ponneri under Section 73 of the Tamil Nadu GST Act, 2017. The order relates to a previous demand of Rs. 442.13 lakhs (including demand, interest, and penalty) for FY 2020-21, originally raised because the company claimed Input Tax Credit even though suppliers had not remitted tax (Section 16(4)). The company filed for rectification citing Section 16(5), and the tax department accepted it, cancelling the original demand, interest, and penalty in full. The company has stated there is no immediate impact on financials or operations other than a reduction in contingent liability.