Bkm Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2021.
Awaiting price reaction for this filing.
BKM Industries (formerly Manaksia Industries) has submitted long-delayed quarterly results for Q2 FY22 (ended Sept 30, 2021), originally held up because the company was under Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. Revenue from operations was nil and manufacturing activities were not operational during the quarter, with the company posting a net loss of Rs. 291 lakh for the quarter and Rs. 564 lakh for the half-year, against loss per share of Rs. 0.44 and Rs. 0.86 respectively. The balance sheet shows total assets of Rs. 18,130 lakh, total equity of only Rs. 2,346 lakh, and current borrowings of Rs. 12,411 lakh, with operating cash flow also negative at Rs. 65 lakh. The NCLT-approved Resolution Plan grants the company relief from past non-compliance penalties, and the results were given a limited review by auditors Prabhat & Co.
This is essentially a regulatory catch-up filing rather than fresh news — the underlying weakness (CIRP, zero revenue, mounting losses) is already old. Shareholders should note that the company's operations remained shut, losses continued, and the debt pile vastly exceeds equity, but the NCLT-approved resolution plan may provide a path to revival.