BGR Energy Systems Limited has received a demand notice from Punjab National Bank under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 for the recovery of NPA amount of INR 897.6 million with further interest/expenses. Date of making the disclosure: May 07, 2024 and May 31, 2024; Nature of obligation: Working capital facilities (FB & NFB) being CC/WCDL/BG for specific projects; Name of the Lender(s): Punjab National Bank, Large Corporate Branch, Chennai; Date of default: May 07, 2024; Current default amount (breakup of principal and interest): INR 891.8 million, INR 5.8 million; Details of the obligation; Principal amount - INR 2,670 million, Tenure - Working Capital, Interest Rate -16% p.a. Secured/Unsecured - Secured; Total amount of outstanding borrowings from Banks/financial institutions: INR 37.25 billion, (Fund Based: INR 26.83 billion and Non Fund Based: INR 10.42 billion); Total financial indebtedness of the listed entity including short- term and long-term debt: INR 41.57 billion.