Annual Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011.
Awaiting price reaction for this filing.
BKM Industries Ltd submitted its annual disclosure regarding encumbrance (pledge/encumbrance) of shares by its Promoter and Promoter Group for FY ended March 31, 2025. The company clarified that it was under the insolvency resolution process (IBC), and by NCLT order dated 19.09.2023, it was awarded to Resolution Applicants (new promoters). As per the approved Resolution Plan, the entire shareholding of the erstwhile promoters is in the process of being extinguished to nil, while no shares have yet been allotted to the new promoters (Dayaan Habib Farooqui, Amit Singh, Rahul Tikmani, and Jitendra Agrawal) pending corporate action. Since the new promoters currently hold zero shares, no encumbrance disclosure is applicable other than what was already reported.
This is essentially a procedural regulatory filing and not a new operational event. However, it confirms that the shareholding restructuring post-CIRP is still pending — once corporate actions are completed, the existing public shareholders' stakes will be restructured and new promoter shareholding will be formally created. Investors should await clarity on their revised shareholding percentages and any dilution.