Board approves increase in authorised share capital to ₹400 crore, subject to shareholder approval
BGR Energy Systems' board met on 26th October 2026 and approved three items.
By ScoutQuest · · 2 min read
- Authorised Share Capital (revised)
- ₹400 crore (up from ₹200 crore), subject to shareholder approval
- Authorised Capital - Share Split
- 40 crore equity shares of face value ₹10 each, up from 20 crore shares
- Whole-Time Director Term
- five consecutive years from 26th October 2026, subject to shareholder approval within three months
What the board approved
- Mr. Ram Naresh Singh Tomar (DIN: 08784935) appointed as an Additional Director in the category of Whole-Time Director for a term of five consecutive years commencing 26th October 2026, subject to approval of shareholders to be obtained within three months.
- Mr. Harish Gupta appointed as President – Finance and Strategy, a Senior Management Personnel role, with effect from 26th October 2026, on full-time employment terms.
- Increase in Authorised Share Capital and consequential alteration in the capital clause (Clause V) of the Memorandum of Association, subject to shareholder approval.
The authorised share capital change
Existing capital clause
- ₹200 crore (Rupees Two Hundred Crores only)
- divided into 20 crore equity shares
- face value ₹10 each
Proposed capital clause
- ₹400 crore (Rupees Four Hundred Crores only)
- divided into 40 crore equity shares
- face value ₹10 each
What authorised share capital means
Authorised share capital is the outer ceiling up to which a company can issue equity shares. It is not money the company has raised, and it does not by itself change the paid-up capital or the number of shares actually in existence. Paid-up capital moves only when shares are actually issued.
The approval here doubles that ceiling from ₹200 crore to ₹400 crore, and calls for a matching change in the capital clause of the Memorandum of Association. Both steps are recorded as subject to shareholder approval.
The two appointments
Mr. Ram Naresh Singh Tomar
- Category: Additional Director, Whole-Time Director
- Term: five consecutive years from 26th October 2026
- Expertise: Procurement & Contracts and Project Management
- The update states he is not debarred from holding the office of director by virtue of any SEBI Order or any other such authority
- Relationship between directors: Nil
Mr. Harish Gupta
- Designation: President – Finance and Strategy, Senior Management Personnel
- Terms: full time employment, effective 26th October 2026
- Profile: qualified Chartered Accountant and Cost Accountant with 30 plus years of experience in energy, steel and manufacturing sectors
Approvals and next steps
The Whole-Time Director appointment requires shareholder approval within three months. The capital clause alteration is also subject to shareholder approval. The board meeting commenced at 16:30 PM and concluded at 17:30 PM.
What to watch
- The shareholder approval resolutions for the Whole-Time Director appointment and for the capital clause alteration
- Any future movement in issued and paid-up capital, which is what would actually change the share base
Also from BGR Energy Systems
Application shared with BSE and NSE for reclassification of Mr. S K Sridhar from Promoter to Public category
31 Oct 2026
Board approves application to exchanges for re-classifying promoter S K Sridhar as public shareholder
26 Oct 2026
Board approves Whole-Time Director and President-Finance; authorised share capital to double
26 Oct 2026
More numbers
- Existing authorised share capital₹2,00,00,00,000/-
- Proposed authorised share capital₹400,00,00,000/-
- Existing equity shares within authorised capital20,00,00,000
- Proposed equity shares within authorised capital40,00,00,000
- Face value per equity share₹10/-
- Term of Whole-Time Director appointmentfive consecutive years
- Window for shareholder approval of Whole-Time Directorthree months
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