BGR Energy Systems Limited has informed the Exchange regarding Change in Auditors of the company.

BGR Energy Systems reported deeply weak Q1 FY26 results with standalone revenue from operations falling to Rs 8,861 lakhs (from Rs 17,382 lakhs in Q1 FY25) and net loss widening sharply to Rs 26,302 lakhs (from Rs 11,764 lakhs). Reserves are negative at Rs (1,39,324) lakhs and finance costs remain heavy at Rs 18,245 lakhs. The statutory auditor (Anand & Ponnappan) issued an adverse conclusion flagging material uncertainty around the going-concern assumption, citing continuous cash losses, negative net worth, debt-servicing delays, loss of customers, and the absence of a turnaround plan from the Board. The company disclosed a termination order from a customer in July 2025 and an ongoing dispute on the NUPPL Ghatampur contract, where the Conciliation Committee admitted only Rs 33,969 lakhs of an Rs 80,462 lakhs claim. Separately, CFO S. Pattabiraman will be re-designated as VP-Accounts from Sept 1, 2025, Company Secretary S. Sundar will take over as additional-charge CFO, and M/s. S. Satheesh Kumar & Associates was appointed as Secretarial Auditor for 5 years (FY26–FY30).