Board approves Whole-Time Director and President-Finance; authorised share capital to double
Board approved Mr. Ram Naresh Singh Tomar as Additional Director (Whole-Time Director) for five years from 26th Oct 2026 and Mr. Harish Gupta as President – Finance and Strategy from 26th Oct 2026.
By ScoutQuest · · 2 min read
- Whole-Time Director Term
- five consecutive years commencing from 26th October 2026
- Authorised Share Capital Increase
- from ₹200 crore to ₹400 crore
- Authorised Capital Share Breakdown
- 40 crore equity shares of face value ₹10/- each
Board meeting outcome — 26th October 2026
The Board of Directors of the company met on 26th October 2026 and approved three items.
Whole-Time Director appointed
- Mr. Ram Naresh Singh Tomar (DIN: 08784935) appointed as an Additional Director in the category of Whole-Time Director.
- Term: five consecutive years commencing from 26th October 2026.
- The appointment is subject to the approval of the shareholders, to be obtained within three months.
- His core areas of expertise are Procurement & Contracts and Project Management.
- He is not debarred from holding the office of director by virtue of any SEBI Order or any other such authority.
President – Finance and Strategy
- Mr. Harish Gupta appointed as President – Finance and Strategy, a Senior Management Personnel, with effect from 26th October 2026.
- Terms of appointment: full time employment.
- He is a qualified Chartered Accountant and Cost Accountant with 30 plus years of experience in energy, steel and manufacturing sectors.
Authorised share capital
- The Board approved an increase from ₹200 crore (Rupees Two Hundred Crores) divided into 20 crore equity shares of face value ₹10/- each
- to ₹400 crore (Rupees Four Hundred Crores) divided into 40 crore equity shares of face value ₹10/- each.
- The change is subject to shareholder approval, with a consequential alteration in the capital clause of the Memorandum of Association.
How to read this
- Authorised share capital is the ceiling up to which a company can issue shares. Raising it from ₹200 crore to ₹400 crore increases that ceiling; any actual issue of shares would require separate approvals and terms.
- Two additions to the leadership team were approved: one at board level (Whole-Time Director) and one in senior management (President – Finance and Strategy).
- The Whole-Time Director's appointment and the capital increase both require shareholder approval, so they would come up before shareholders before taking full effect.
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 increase in authorised share capital to ₹400 crore, subject to shareholder approval
26 Oct 2026
More numbers
- Existing authorised share capital₹200,00,00,000
- Proposed authorised share capital₹400,00,00,000
- Existing equity shares in authorised capital20,00,00,000
- Proposed equity shares in authorised capital40,00,00,000
- Face value per equity share₹10/-
- Term of Whole-Time Director appointmentfive consecutive years
- Time allowed for shareholder approval of director appointmentthree months
- Experience of Mr. Harish Gupta30 plus years
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