The Financial Results are declared in pursuance of the Implementation of Resolution Plan as approved by NCLT
RESULTS
◆ Monitor Closely
HIGH RISK
📅 Filed on BSE: 28 Mar 2026, 10:56 PM IST · BSE ID: d1c473fb-eb5f-4172-be90-2bfba395a127
View Original BSE Filing (PDF)
💡
In Simple Terms
Company emerged from court-supervised insolvency after four years and filed overdue 2022 accounts showing zero business revenue and Rs. 1,492 Lakh annual loss.
🤖 AI Summary
- BKM Industries filed delayed FY22 results (31 March 2022) on 28 March 2026 — four-year delay due to CIRP
- FY22 net loss: Rs. 1,492 Lakhs; zero revenue from operations for full financial year
- Company completed CIRP under NCLT; Resolution Plan approved immunities for past filing non-compliances
- Total assets Rs. 17,652 Lakhs; current liabilities Rs. 14,457 Lakhs including borrowings Rs. 12,411 Lakhs
- Paid-up equity share capital Rs. 655 Lakhs; loss per share FY22: Rs. (2.28)
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Loss FY22 (Standalone)
Rs. 1,492 Lakhs
Revenue from Operations FY22
Rs. 0 (Zero)
Total Assets as at 31 March 2022
Rs. 17,652 Lakhs
Total Equity as at 31 March 2022
Rs. 1,418 Lakhs
-51.3% from Rs. 2,910 Lakhs (31 March 2021)
Current Liabilities as at 31 March 2022
Rs. 14,457 Lakhs
Current Borrowings as at 31 March 2022
Rs. 12,411 Lakhs
Non-Current Borrowings as at 31 March 2022
Rs. 771 Lakhs
Earnings Per Share (Loss) FY22
Rs. (2.28)
Paid-up Equity Share Capital
Rs. 655 Lakhs
🏢 How This Affects the Company
Company generated zero revenue from operations throughout FY22, indicating complete operational shutdown during CIRP period. Post-resolution, revenue generation remains unconfirmed.
FY22 net loss Rs. 1,492 Lakhs. Total equity declined to Rs. 1,418 Lakhs (31 March 2022) from Rs. 2,910 Lakhs (31 March 2021). Current liabilities Rs. 14,457 Lakhs remain elevated despite NCLT resolution.
Company was under Resolution Professional management during CIRP; no employee benefits expense recorded in FY22 vs Rs. 93 Lakhs in FY21, indicating minimal operational activity during insolvency period.
Company emerged from formal insolvency with debt obligations Rs. 13,182 Lakhs (current + non-current borrowings) against equity of Rs. 1,418 Lakhs. Balance sheet remains highly leveraged; revenue generation unproven post-resolution.
👥 What This Means For Shareholders
✅
Action Required
Review latest quarterly or interim results to assess operational revival post-NCLT resolution; monitor announcements for new business contracts or revenue initiatives.
👤
Who Is Affected
All shareholders holding equity (555 Lakhs shares at face value Rs. 1 each). Equity value eroded from Rs. 2,910 Lakhs (FY21) to Rs. 1,418 Lakhs (FY22) — 51% decline. Holders face exposure to highly leveraged balance sheet.
🔍
Management Signal
NCLT Resolution Plan completion demonstrates creditor-approved restructuring; however, immediate operational restart remains unproven. Management must demonstrate revenue generation to validate resolution plan viability.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Quarterly results FY26-27 disclosure — confirm operational revenue restart post-NCLT resolution completion
Debt restructuring updates — monitor if borrowing schedule Rs. 12,411 Lakhs reduced through repayment or rescheduling
Business contract announcements — track for new orders or revenue-generating initiatives validating resolution plan
HIGH RISK
Company emerged from CIRP with zero FY22 revenue, highly leveraged balance sheet (debt-to-equity 9.3x), and unproven operational restart. Immediate revenue generation capacity unconfirmed.
💡 Investor Takeaway
BKM Industries completed NCLT insolvency resolution and filed FY22 results showing Rs. 1,492 Lakhs net loss and zero revenue. Debt stands at Rs. 13,182 Lakhs against equity of Rs. 1,418 Lakhs. No earnings per share value; loss per share Rs. (2.28). Revenue-generating capability post-resolution unconfirmed.
⚖️ Strengths & Concerns
⚠️ Concerns
- Zero revenue from operations throughout FY22; complete business halt during CIRP period raises viability concerns
- High leverage — total debt Rs. 13,182 Lakhs against equity Rs. 1,418 Lakhs; debt-to-equity ratio 9.3x
📅 Company Track Record
BKM Industries Limited (CIN L27100WB2011PLC161235), formerly Manaksia Industries Ltd., registered in Kolkata. Underwent Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code 2016. NCLT approved Resolution Plan granting immunities for delayed compliance including FY22 result submission. This is the first filing found in BSE records for this company.
Based on publicly available historical data. For context only.