BGR Energy Systems Limited disclosed the outcomes of its Board Meeting held on 26th October 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 16:30 PM and concluded at 17:30 PM.
Key Decisions Approved:
1. Appointment of Whole-Time Director
- Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Ram Naresh Singh Tomar (DIN: 08784935) as an Additional Director in the category of Whole-Time Director.
- Term: Five consecutive years commencing from 26th October 2026.
- Subject to approval of shareholders of the Company to be obtained within three months.
- Brief Profile: Mr. Tomar is a professional with core expertise in Procurement & Contracts and Project Management.
- He is not debarred from holding the office of director by virtue of any SEBI Order or any other authority.
- No relationship exists between directors.
2. Appointment of Senior Management Personnel
- Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Harish Gupta as President – Finance and Strategy (Senior Management Personnel).
- Effective from: 26th October 2026.
- Terms of Appointment: Full-time employment.
- Brief Profile: Mr. Harish Gupta is a qualified Chartered Accountant and Cost Accountant with over 30 years of experience in energy, steel, and manufacturing sectors.
3. Increase in Authorised Share Capital
- The Board approved the increase in Authorised Share Capital of the Company from ₹200,00,00,000 (Rupees Two Hundred Crores only) divided into 20,00,00,000 (Twenty Crores only) equity shares of face value ₹10 each to ₹400,00,00,000 (Rupees Four Hundred Crores only) divided into 40,00,00,000 (Forty Crores only) equity shares of face value ₹10 each.
- Consequential alteration in the capital clause (Clause V) of the Memorandum of Association is required.
- Subject to shareholder approval.