Bkm Industries Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
Awaiting price reaction for this filing.
BKM Industries Limited (formerly Manaksia Industries Ltd.) held a board meeting on August 5, 2025, where it approved the appointment of two new Non-Executive Independent Directors: Ms. Rachna (DIN: 08758236) and Ms. Suman Singh (DIN: 07819547), each for a 5-year term subject to shareholder approval. The company also informed that its petition filed with NCLT Kolkata regarding revision of share allotment to public shareholders—due to an anomaly in erstwhile promoters' holding—is still pending. Since the NCLT order is awaited, the Board has decided to refund the application money received from Resolution Applicants in March 2025 and will accept fresh money once the revised order is received and corporate action on cancellation of erstwhile promoters' holdings is completed.
The addition of two Independent Directors strengthens the board's independent oversight. The NCLT-related developments indicate an ongoing restructuring process that could affect shareholding patterns and capital structure, with refunds to Resolution Applicants signaling a temporary setback in the resolution plan execution.