The Results are declared in pursuance of implementation of the Resolution Plan as approved by NCLT
Awaiting price reaction for this filing.
BKM Industries has finally submitted its long-pending Q2 FY2022 results (quarter ended 30 September 2021) on 28 March 2026, delayed because the company was under Corporate Insolvency Resolution Process (CIRP) under IBC. The NCLT has since approved a Resolution Plan granting relief for past non-compliances. For the reported quarter, revenue from operations was zero as manufacturing activities were entirely shut down. The company reported a net loss of Rs. 291 lakhs for the quarter and Rs. 564 lakhs for H1 FY22, with EPS of (0.44). Total expenses of Rs. 291 lakhs were mostly depreciation (Rs. 247 lakhs). Operating cash flow was negative at Rs. 65 lakhs, and cash balance is negligible at just Rs. 8 lakhs. Total equity stood at Rs. 2,346 lakhs against current borrowings of Rs. 12,411 lakhs, showing a deeply stressed balance sheet. Figures were recasted from bank statements and previous auditors' data due to the insolvency process.
This is a historic, delayed filing from a company emerging from insolvency with zero operations, continuing losses, and a debt-to-equity ratio of roughly 5x. Shareholders should view this as a catch-up regulatory disclosure rather than a current operating update; the underlying business remains non-operational and financially distressed despite the NCLT-approved resolution plan.