Intimation of outcome of Monitoring Committee meeting held on 20th January 2026, pursuant to order passed by Hon''ble NCLT on 14th November 2025, further rectified on 4th December 2025
Awaiting price reaction for this filing.
BKM Industries (formerly Manaksia Industries) has been undergoing a Corporate Insolvency Resolution Process (CIRP) since December 2020. A Resolution Plan was approved by the Committee of Creditors with 78.79% voting share and subsequently approved by the NCLT in September 2023. The NCLT passed an order on 14 November 2025, with a corrigendum on 4 December 2025, to correct clerical errors in an earlier 27 March 2025 order related to the inter-se interchange of public and promoter shareholding figures. The corrections do not change the overall public shareholding percentage under the approved plan. The Monitoring Committee, which met on 20 January 2026, noted that the final corrective order removes all remaining impediments to implementing the plan, which involves cancellation and re-issuance of fresh equity shares. Public shareholding will be reduced to 5.82% (comprising 12,35,261 equity shares) under the approved plan.
This is a procedural update clearing the path for full implementation of the approved Resolution Plan, including share cancellation and re-issuance. Shareholders should expect a significant restructuring of shareholding — public shareholding will drop to 5.82% from current levels — which may materially affect share liquidity and pricing. Existing shareholders may face dilution or cancellation of their holdings as part of the resolution process.