Board has declared Financials in pursuance of implementation of Resolution plan as approved by NCLT
RESULTS
● No Immediate Change
HIGH RISK
📅 Filed on BSE: 29 Mar 2026, 02:18 PM IST · BSE ID: 4824e763-31b9-4559-9eab-dfbdd248c75e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company just filed missing financial results from over 3 years ago that were delayed because it was in bankruptcy proceedings, showing it had no revenue and lost money that quarter.
🤖 AI Summary
- BKM Industries filed delayed Q2 FY23 results (30 Sept 2022) approved by NCLT Resolution Plan
- Zero revenue, operating loss Rs. 57 Lakhs for quarter; year-to-date loss Rs. 115 Lakhs
- Current borrowings Rs. 12,411 Lakhs; current assets Rs. 8,340 Lakhs — working capital deficit
- NCLT granted immunity for past non-compliances; manufacturing non-operational throughout period
- Results subject to limited review by statutory auditors; prepared under Ind-AS standards
🔢 Key Numbers — exact figures from BSE filing, not rounded
Quarterly revenue from operations
Rs. 0 Lakhs
Quarterly net loss
Rs. 57 Lakhs
Current borrowings
Rs. 12,411 Lakhs
Current assets
Rs. 8,340 Lakhs
Working capital deficit
Rs. 6,513 Lakhs
Paid-up equity capital
Rs. 655 Lakhs
Earnings per share (quarter)
Rs. (0.09)
🏢 How This Affects the Company
Zero revenue operations continue. Manufacturing remains non-operational with no income-generating activities in the reported quarter.
Current liabilities of Rs. 14,853 Lakhs exceed current assets of Rs. 8,340 Lakhs by Rs. 6,513 Lakhs. Current borrowings stand at Rs. 12,411 Lakhs with no offsetting operational cash generation.
Company has been non-operational throughout the reported period with zero revenue and only Rs. 58 Lakhs in total quarterly expenses (depreciation Rs. 32 Lakhs, other expenses Rs. 26 Lakhs).
Severe liquidity deficit and asset-liability mismatch persist. Continued operational shutdown and inability to service debt from operations creates solvency risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor next quarterly or annual results for post-CIRP business restart evidence.
👤
Who Is Affected
All equity shareholders holding Rs. 655 Lakhs paid-up capital (face value Re. 1 per share). Loss per share Rs. 0.09 for the quarter reflects ongoing solvency challenge.
🔍
Management Signal
NCLT approval of Resolution Plan signals completion of insolvency process, but zero revenue and heavy debt burden indicate plan execution has not yet revived operations.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
FY26 Q1 or Q2 results filing — confirm if operational revenue has resumed post-CIRP exit
NCLT Resolution Plan implementation status disclosure — track debt restructuring, creditor payments progress
Manufacturing facility restart announcement — look for Reg 30 filing on resumption of production
HIGH RISK
Persistent working capital deficit Rs. 6,513 Lakhs, unsustainable debt-to-asset ratio, zero revenue operations, and CIRP emergence indicate ongoing solvency and liquidity distress.
💡 Investor Takeaway
BKM Industries filed 3-year delayed Q2 FY23 results (30 Sept 2022) showing zero revenue, Rs. 57 Lakhs quarterly loss, and Rs. 12,411 Lakhs current borrowings against Rs. 8,340 Lakhs current assets. NCLT Resolution Plan granted filing relief. Manufacturing non-operational throughout period.
⚖️ Strengths & Concerns
⚠️ Concerns
- Current liabilities Rs. 14,853 Lakhs exceed current assets Rs. 8,340 Lakhs by Rs. 6,513 Lakhs working capital deficit
- Zero revenue for quarter and year-to-date; only depreciation and overhead expenses totalling Rs. 58 Lakhs incurred quarterly
📅 Company Track Record
BKM Industries (formerly Manaksia Industries) has been in CIRP since before Sept 2022. Prior filings show: FY24 Q1 (Mar 2026) zero revenue, Rs. 26 Lakhs loss, Rs. 12,411 Lakhs debt; FY23 full year Rs. 655 Lakhs loss, Rs. 6,723 Lakhs working capital deficit; Q3 FY22 zero revenue, Rs. 54 Lakhs loss. Manufacturing non-operational throughout this period.
Based on publicly available historical data. For context only.