Board has declared Financials in pursuance of implementation of Resolution plan as approved by NCLT
Awaiting price reaction for this filing.
BKM Industries (formerly Manaksia Industries) has filed its much-delayed quarterly results for Q2 FY23 (ended 30 Sep 2022) only now in March 2026, after its Resolution Plan was approved by the NCLT under the Insolvency and Bankruptcy Code. The company had zero revenue from operations during the quarter and half-year, as manufacturing activities were completely shut. It reported a net loss of Rs. 57 lakh for the quarter and Rs. 115 lakh for H1 FY23, against a full-year FY22 loss of Rs. 1,492 lakh. Total equity has eroded to Rs. 1,304 lakh while current borrowings stand at Rs. 12,411 lakh, indicating severe financial stress. Operating cash flow was negative at Rs. 51 lakh, and figures have been recast based on bank statements and information from the Resolution Professional.
This is a highly distressed company emerging from insolvency with no operating business, persistent losses, and a debt-to-equity ratio of nearly 10x. Shareholders should view this filing as a regulatory catch-up rather than any improvement in fundamentals; the stock remains a high-risk bet pending revival under the approved Resolution Plan.