Outcome of the Board Meeting of the Company held on 5th August, 2025
Awaiting price reaction for this filing.
BKM Industries' Board of Directors, at a meeting held on 5th August 2025 from 12:30 PM to 2:15 PM, approved the appointment of two new Non-Executive Independent Directors: Ms. Rachna (DIN: 08758236) and Ms. Suman Singh (DIN: 07819547), each for a term of five consecutive years, subject to shareholder approval. Both are confirmed as not debarred by SEBI from holding directorships. The Board also addressed an ongoing NCLT Kolkata petition regarding revision of share allotment to public shareholders due to anomalies in erstwhile promoter holdings. Since the NCLT order is still pending, the Board decided to refund application money received in March 2025 from Resolution Applicants and will re-accept funds after receiving the revised NCLT order.
The appointment of two independent directors strengthens the board's governance structure, which is a neutral-to-positive signal. The decision to refund Resolution Applicant money highlights ongoing regulatory uncertainty around share capital restructuring, which may delay fundraising and capital actions until the NCLT issue is resolved.