Approved the un-audited quarterly Financial Results for the quarter and half year ended 30th September, 2025
Awaiting price reaction for this filing.
BKM Industries Limited (formerly Manaksla Industries Ltd.) reported unaudited financial results for Q2 FY26 and H1 FY26, with the Board approving both standalone and consolidated numbers. The results were accompanied by an unmodified Limited Review Report from statutory auditor Prabhat & Co. Crucially, the company was under insolvency proceedings (IBC Act) with the Committee of Creditors, and its manufacturing activities remained shut during the half-year with revenue earned only from non-operating sources. Other equity is deeply negative at Rs. (184.92) lakhs standalone and Rs. (842.97) lakhs consolidated, and the company reported continued losses for the period. Assets and liabilities have been restated per the resolution plan, NCLT order and the Registered Valuer's report. Consolidated results also include a share of net loss of Rs. 157.87 lakhs from its joint venture (Euroasian Ventures FZE) for the six-month period.
This is a highly negative disclosure for shareholders — the company was in CIRP under IBC, manufacturing is non-operational, equity is eroded into deeply negative territory, and losses are continuing. Investors should view this stock as a high-risk, possibly value-trap situation until the resolution plan is fully implemented and operations restart.