Bkm Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2022.
Awaiting price reaction for this filing.
BKM Industries has filed its Q1 FY23 results (quarter ended June 30, 2022) nearly four years late on March 28, 2026, because the company was under the Corporate Insolvency Resolution Process (CIRP). The NCLT has since approved a Resolution Plan, granting relief for past non-compliances including the delay. During the quarter, the company's manufacturing operations were completely shut — revenue from operations stood at zero and total expenses of Rs. 58 lakhs (mainly depreciation of Rs. 32 lakhs) resulted in a net loss of Rs. 58 lakhs. The full-year FY22 saw a much larger loss of Rs. 1,492 lakhs. Total equity has eroded sharply to Rs. 1,361 lakhs from Rs. 2,637 lakhs a year earlier, while current borrowings remain at Rs. 12,411 lakhs, indicating a very high debt burden.
This is a deeply negative signal for shareholders — the company had zero revenue, was non-operational, and remains burdened with very high debt relative to its eroding equity base. The filing is purely a regularization of past compliance under CIRP and does not reflect any business revival, so investors should expect continued uncertainty around the stock.