Appointment of Ms. Suman Singh as an Independent Director of the Company w.e.f 5th August, 2025.
Awaiting price reaction for this filing.
BKM Industries' board, at its meeting on 5th August 2025, approved the appointment of two new Non-Executive Independent Directors — Ms. Rachna (DIN: 08758236) and Ms. Suman Singh (DIN: 07819547) — each for a five-year term, subject to shareholder approval. Separately, the company informed exchanges that its petition filed with NCLT Kolkata seeking revision of share allotment to existing public shareholders (due to an anomaly in erstwhile promoters' holdings) is still pending. Because of this delay, the company could not allot shares/debentures to Resolution Applicants for money received in March 2025 and has decided to refund that application money. The Board stated it will re-accept share application money from the Resolution Applicants only after receiving the revised NCLT order and after cancelling the entire erstwhile promoters' holding and carrying out a share capital reduction. Neither new director has any relationship with existing directors.
The NCLT-driven delay and refund of Resolution Applicant money signal that the company's revival/restructuring plan remains stuck in litigation, which could keep the stock volatile and weigh on sentiment. The addition of two independent directors is a routine governance positive but does not offset the unresolved shareholding and capital structure issues that shareholders should monitor closely.