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, 10:51 PM IST · BSE ID: e2a96b99-da46-4476-9535-0cd00e2563ba
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has filed financial results from 2021 that were delayed due to bankruptcy proceedings, showing zero business activity and ongoing losses.
🤖 AI Summary
- BKM Industries files Q3 FY22 results — net loss Rs. 273 Lakhs, zero revenue operations
- Filing delayed 4 years due to Corporate Insolvency Resolution Process under IBC 2016
- NCLT-approved Resolution Plan granted regulatory relief for past non-compliance on submission timelines
- Nine-month FY22 loss Rs. 837 Lakhs; company remains operationally dormant with no revenue generation
- Balance sheet shows current liabilities Rs. 14,425 Lakhs versus current assets Rs. 8,174 Lakhs
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q3 FY22 Net Loss (Standalone)
Rs. 273 Lakhs
Nine-Month FY22 Net Loss (Standalone)
Rs. 837 Lakhs
Revenue from Operations — Q3 FY22
Rs. 0 Lakhs
Current Liabilities (31-Dec-2021)
Rs. 14,425 Lakhs
Current Assets (31-Dec-2021)
Rs. 8,174 Lakhs
EPS — Nine-Month FY22
Rs. (1.28) per share
Paid-up Equity Share Capital
Rs. 655 Lakhs
🏢 How This Affects the Company
Revenue from operations remains nil across all reported periods. The company generates no commercial income and appears operationally inactive post-CIRP.
Net loss of Rs. 273 Lakhs in Q3 FY22; nine-month loss Rs. 837 Lakhs. Current liabilities of Rs. 14,425 Lakhs exceed current assets by Rs. 6,251 Lakhs, indicating persistent balance sheet strain despite NCLT-approved restructuring.
Zero revenue, minimal employee expenses (nil in recent quarters), and static property, plant and equipment valuations suggest operational suspension. Business appears non-functional post-CIRP implementation.
The company operates under NCLT protection and restructuring terms. Filing delays and operational dormancy create uncertainty about Resolution Plan execution and viability of restructured entity.
👥 What This Means For Shareholders
✅
Action Required
Monitor next compliance filing for evidence of post-CIRP business resumption or further restructuring announcements.
👤
Who Is Affected
All equity shareholders holding 655 Lakhs paid-up shares. Loss per share Rs. 1.28 (nine-month FY22); shareholder value diluted by operational dormancy and negative equity trajectory.
🔍
Management Signal
NCLT-approved Resolution Plan implementation prioritizes creditor recovery and regulatory compliance over immediate shareholder returns or business growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of post-CIRP business restart or asset sale under Resolution Plan terms
Next quarterly results filing showing revenue recovery or further operational changes
Regulatory updates on NCLT-approved plan implementation progress and creditor distribution status
HIGH RISK
Post-insolvency company with zero revenue, persistent losses, and working capital deficit of Rs. 6,251 Lakhs. Recovery depends entirely on NCLT Resolution Plan execution.
💡 Investor Takeaway
BKM Industries' delayed FY22 results confirm operational suspension throughout 2021. Net loss Rs. 837 Lakhs with zero revenue. Current liabilities Rs. 14,425 Lakhs against assets Rs. 8,174 Lakhs. Resolution Plan status and restructured business recovery remain unconfirmed.
⚖️ Strengths & Concerns
⚠️ Concerns
- Zero revenue from operations across all comparable periods indicates complete business suspension and no operational activity.
- Current liabilities Rs. 14,425 Lakhs exceed current assets Rs. 8,174 Lakhs by Rs. 6,251 Lakhs, creating severe working capital deficit.
📅 Company Track Record
Past filing context (2026-03-28) confirms FY22 results: zero revenue, Rs. 1,492 Lakhs loss, highly leveraged balance sheet. Nine-month FY22 performance (Rs. 837 Lakhs loss) shows deterioration trajectory continuing post-CIRP commencement. No dividend history available. Restructuring terms remain undisclosed in filing.
Based on publicly available historical data. For context only.