Bkm Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
BKM Industries Limited submitted its annual disclosure regarding encumbrance (pledge) on shares held by the promoter and promoter group as on March 31, 2025. The company clarifies that it underwent the insolvency resolution process (IBC), and by an NCLT order dated September 19, 2023, it was awarded to Resolution Applicants. The shareholding of the erstwhile promoters is in the process of being extinguished and stands at nil. The new promoters – Dayaan Habib Farooqui, Amit Singh, Rahul Tikmani, and Jitendra Agrawal – do not currently hold any shares, as allotment is pending corporate action for extinguishment and restructuring. Consequently, no encumbrance on shares by the new promoter group is reported.
This is a procedural disclosure with no immediate impact on stock price. However, investors should note that the company's promoter structure is in transition following the IBC resolution, and the actual shareholding pattern will be finalised only after pending corporate actions are completed.