05-Oct-2026 19:25:48
BGR ENERGY SYSTEMS LIMITED : DRAFT RESTRUCTURING OF DEBT AGREEMENT
• Master Restructuring Agreement (MRA) entered into with National Asset Reconstruction Company Limited (NARCL) and India Debt Resolution Company Limited. • Purpose is restructuring of outstanding debt in accordance with MRA terms. • Total outstanding debt as of October 1, 2025, is ₹3,736 Crore (₹1,245 Cr sustainable debt, ₹2,491 Cr unsustainable debt). • NARCL does not hold any shares in the Company; BGR Investment Holdings Company Limited holds 51% of BGR Energy Systems Limited shares. • Key terms include repayment of sustainable debt by September 30, 2030, allotment of 20% equity shares to NARCL, and payment for identified bank guarantees. • Company's arbitration claims and receivables recovery of which 75% payable to NARCL. • Company's right to appoint up to 2 Nominee Directors. • Constitution of a Monitoring Committee comprising lender and Company representatives. • Continuation of existing security in favour of NARCL. • Right of first refusal for the Company and guarantors if NARCL proposes to sell allotted equity shares. • NARCL is not related to promoter/promoter group/group companies. • Transaction is not a related party transaction and is done at arm's length. • Issue/allotment of equity shares is subject to regulatory approvals.
BGR Energy Systems Limited
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