BGR Energy Signs Master Restructuring Agreement for ₹3736 Cr Debt

BGR Energy Systems Limited has entered into a Master Restructuring Agreement (MRA) with National Asset Reconstruction Company Limited (NARCL) to restructure its outstanding debt. The total outstanding debt amounts to ₹3736 Crore as of October 1, 2025, comprising ₹1,245 Crore of sustainable debt and ₹2,491 Crore of unsustainable debt. Key terms include the repayment of sustainable debt within four years by September 30, 2030, and the allotment of 20% of the Company's equity shares to NARCL on a fully diluted basis. The agreement also outlines provisions for payments related to assigned bank guarantees, recovery of arbitration claims, and the appointment of up to two nominee directors by NARCL. A Monitoring Committee will be formed to oversee the implementation of the restructuring.