Outcome Of Board Meeting
Awaiting price reaction for this filing.
BKM Industries Ltd (formerly Manaksia Industries Ltd) held a board meeting on 28-29 March 2026 to clear backlogs and regularize past compliances arising from its Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. The Board approved delayed Standalone and Consolidated Financial Results for FY 2021-22, FY 2022-23, and Q1 FY 2023-24, which could not be filed earlier because management was with the Resolution Professional. The Board also noted the capital reduction and allotment of securities to new promoters under the NCLT-approved Resolution Plan, approved the appointment of Ms. Priya Motwani as Company Secretary, and cleared Annual Reports for FY 2020-21 to FY 2024-25. Most importantly, the Board approved filing applications with BSE and NSE to recommence trading of the company's equity shares.
This is a significant positive for shareholders — the company's stock, which was likely suspended during CIRP, is set to resume trading on the exchanges. The induction of new promoters and regularization of years of pending filings signals a fresh start for the company, though investors should watch for the detailed financial results to assess the true financial health post-resolution.