Financial results declared in pursuance for implementation of Resolution plan as approved by NCLT
RESULTS
◆ Monitor Closely
HIGH RISK
📅 Filed on BSE: 29 Mar 2026, 01:29 PM IST · BSE ID: 6a94df56-db48-44f3-b1ad-1cd7b9344a9d
View Original BSE Filing (PDF)
💡
In Simple Terms
A company emerging from bankruptcy filed its delayed quarterly results showing no business revenue and continuing losses during restructuring.
🤖 AI Summary
- BKM Industries files Q3 FY23 results: zero revenue, Rs. 54 Lakhs quarterly loss, Rs. 273 Lakhs nine-month loss
- Company undergoing CIRP; filing delayed due to insolvency proceedings; NCLT approved resolution plan grants regulatory relief
- Paid-up equity share capital Rs. 655 Lakhs; Basic EPS Rs. (0.08) per share for Q3 FY23
- Balance sheet shows current liabilities Rs. 14,875 Lakhs, current assets Rs. 8,165 Lakhs; total equity Rs. 1,250 Lakhs
- Results prepared under Ind-AS; subject to Limited Review; filed in continuation of NCLT-approved Resolution Plan implementation
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q3 FY23 Revenue from Operations
Rs. 0 Lakhs
Q3 FY23 Net Loss
Rs. (54) Lakhs
9-Month FY23 Net Loss
Rs. (273) Lakhs
Paid-up Equity Share Capital
Rs. 655 Lakhs
Total Current Liabilities
Rs. 14,875 Lakhs
Total Current Assets
Rs. 8,165 Lakhs
Total Equity
Rs. 1,250 Lakhs
Total Borrowings (Current + Non-current)
Rs. 13,182 Lakhs
Cash and Cash Equivalents
Rs. 16 Lakhs
Basic EPS (Q3 FY23)
Rs. (0.08)
🏢 How This Affects the Company
No operational revenue generation. Company remains non-functional with zero revenue from operations across all comparison periods.
Quarterly loss Rs. 54 Lakhs; nine-month loss Rs. 273 Lakhs. Current liabilities exceed current assets by Rs. 6,710 Lakhs, indicating severe working capital deficit.
No employee benefits, no material costs, no production activity. Company exists in operational suspension with only asset depreciation and minimal administrative expenses.
NCLT-approved resolution plan imposes structured recovery obligations. Continued operating losses deplete equity; leverage remains high with total debt Rs. 13,182 Lakhs against equity of Rs. 1,250 Lakhs.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should monitor resolution plan implementation progress through quarterly filings and NCLT order updates; no immediate shareholder action triggered by this results filing.
👤
Who Is Affected
All equity shareholders. Paid-up equity capital Rs. 655 Lakhs divided among shareholders. Per-share loss of Rs. (0.08) reflects dilution of equity value in this quarter.
🔍
Management Signal
Filing regularizes past CIRP-related compliance delays under NCLT relief. Continued operational suspension and zero revenue indicate resolution plan execution is ongoing; no business turnaround evident.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
NCLT updates on resolution plan implementation progress and creditor recovery status
Q4 FY23 results filing — confirm if business operations resume or losses continue
Balance sheet changes — track cash position, borrowing reduction, and working capital improvement
HIGH RISK
Zero revenue, working capital deficit Rs. 6,710 Lakhs, debt-to-equity 10.5x, cash Rs. 16 Lakhs. Company dependent on NCLT resolution plan execution for survival.
💡 Investor Takeaway
BKM Industries reported zero revenue and Rs. 54 Lakhs loss in Q3 FY23 while operating under NCLT-approved Resolution Plan. Working capital deficit stands at Rs. 6,710 Lakhs; debt-to-equity ratio 10.5x. Company remains non-operational with minimal cash reserves of Rs. 16 Lakhs.
⚖️ Strengths & Concerns
⚠️ Concerns
- Zero revenue from operations across all reported periods; company generating no income from business activity whatsoever.
- Working capital deficit Rs. 6,710 Lakhs; current liabilities Rs. 14,875 Lakhs against current assets Rs. 8,165 Lakhs indicates solvency stress.
- Debt-to-equity ratio 10.5x; total borrowings Rs. 13,182 Lakhs against equity of Rs. 1,250 Lakhs creates high financial leverage.
- Cash and cash equivalents declined to Rs. 16 Lakhs from Rs. 190 Lakhs in prior quarter; critically low liquidity position.
📅 Company Track Record
BKM Industries (formerly Manaksia Industries Ltd.) has filed four consecutive quarter/period filings with zero revenue and cumulative losses. Q1 FY22: Rs. 273 Lakhs loss, zero revenue. Q3 FY22: Rs. 273 Lakhs loss, zero revenue. Full year FY22: Rs. 1,492 Lakhs loss. Q3 FY23: Rs. 54 Lakhs loss, zero revenue. Company remains non-operational post-CIRP with sustained equity depletion.
Based on publicly available historical data. For context only.