BGR Energy Systems Limited has informed the Exchange about that the company has received GST Order under Section 74 of CGST Act 2017
BGRENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BGR Energy Systems Limited has received GST orders from the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh, alleging variation in turnover for FY 2020-21, FY 2021-22, and FY 2023-24. The orders have raised tax demands totaling approximately Rs. 9 crore — Rs. 1.12 crore for FY 2020-21, Rs. 6.37 crore for FY 2021-22, and Rs. 1.51 crore for FY 2023-24 — including tax, interest and penalty. The orders were passed on 7 May 2026 and received by the company on 11 May 2026. The company states there is no material financial impact as it plans to appeal against all the orders. This disclosure is made under SEBI Regulation 30 read with Schedule III of the Listing Regulations.
The GST demand of around Rs. 9 crore is not considered material by the company, but the dispute spans multiple financial years and could involve additional costs if the appeals are unsuccessful. Shareholders should monitor the outcome of the planned appeals.