Declaration of Financial Results in pursuance of implementation of Resolution Plan Approved by NCLT.
RESULTS
◆ Monitor Closely
HIGH RISK
📅 Filed on BSE: 29 Mar 2026, 01:12 PM IST · BSE ID: 4d661fd5-e472-4c9f-93be-82ff99dad31b
View Original BSE Filing (PDF)
💡
In Simple Terms
A company emerging from insolvency has filed its delayed results showing zero sales and losses, with heavy debt still on the balance sheet.
🤖 AI Summary
- BKM Industries files Q3 FY22 results: zero revenue, Rs. 57 Lakhs net loss for quarter
- Results delayed due to CIRP management by Resolution Professional under IBC 2016
- NCLT-approved Resolution Plan granted company reliefs for non-compliance including filing delays
- Balance sheet shows current liabilities Rs. 14,853 Lakhs versus current assets Rs. 8,340 Lakhs
- Year-to-date loss Rs. 115 Lakhs; paid-up equity capital Rs. 655 Lakhs unchanged
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q3 FY22)
Rs. 0 Lakhs
Net Loss (Q3 FY22)
Rs. 57 Lakhs
Year-to-Date Loss (9M FY22)
Rs. 115 Lakhs
Current Liabilities
Rs. 14,853 Lakhs
Current Assets
Rs. 8,340 Lakhs
Current Borrowings
Rs. 12,411 Lakhs
Paid-up Equity Share Capital
Rs. 655 Lakhs
Earnings Per Share (Basic & Diluted)
Rs. (0.09) per share
🏢 How This Affects the Company
Zero revenue from operations indicates the company remains non-operational or unable to generate sales during CIRP period. No business recovery is evident in Q3 FY22 results.
Current liabilities of Rs. 14,853 Lakhs far exceed current assets of Rs. 8,340 Lakhs, showing working capital deficit of Rs. 6,513 Lakhs. Quarterly loss of Rs. 57 Lakhs continues cash burn.
Company operated under Resolution Professional control during CIRP, limiting management autonomy. Operations remain suspended or minimal with zero revenue generation.
High leverage persists post-CIRP approval. Current borrowings of Rs. 12,411 Lakhs and non-current borrowings of Rs. 771 Lakhs create debt service risk. Negative working capital threatens operational viability.
👥 What This Means For Shareholders
✅
Action Required
Monitor next quarterly results for signs of operational restart and revenue generation post-CIRP exit.
👤
Who Is Affected
All equity shareholders holding 655 Lakhs paid-up shares face dilution risk if additional capital or debt-to-equity conversions occur under Resolution Plan implementation.
🔍
Management Signal
NCLT relief suggests prioritization of compliance regularization over operational revival. Zero revenue indicates business continuity challenges persist despite Resolution Plan approval.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q4 FY22 results (delayed filing) — check if revenue resumes or remains zero post-CIRP
Resolution Plan implementation updates — track for capex, debt repayment, or asset sales
Next regulatory filing for working capital status — monitor if deficit worsens or improves
HIGH RISK
Zero operational revenue, Rs. 6,513 Lakhs working capital deficit, and Rs. 13,182 Lakhs total debt create severe solvency concerns despite NCLT approval.
💡 Investor Takeaway
BKM Industries filed Q3 FY22 results showing zero revenue and Rs. 57 Lakhs quarterly loss. Current liabilities stand at Rs. 14,853 Lakhs against assets of Rs. 8,340 Lakhs. NCLT-approved Resolution Plan granted filing exemptions but underlying operational recovery remains unproven.
⚖️ Strengths & Concerns
⚠️ Concerns
- Zero revenue from operations indicates business closure or suspension during CIRP management period.
- Current liabilities Rs. 14,853 Lakhs exceed current assets Rs. 8,340 Lakhs, creating Rs. 6,513 Lakhs working capital deficit.
📅 Company Track Record
BKM Industries filed Q1 FY22 results on 28 March 2026 showing zero revenue and Rs. 273 Lakhs loss with negative working capital of Rs. 6,182 Lakhs. Full FY22 results (31 March 2022) reported zero revenue and Rs. 1,492 Lakhs loss. Company remains in recovery phase post-insolvency.
Based on publicly available historical data. For context only.