GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
BKM Industries Ltd

BKM Industries files Q1 FY24 results post-CIRP: zero revenue, Rs. 26 Lakhs loss

RESULTS ◆ Monitor Closely HIGH RISK
📅 Filed on BSE: 29 Mar 2026, 01:50 PM IST  ·  BSE ID: c9acd583-429a-411d-9ecb-65d9bb1dd77f
View Original BSE Filing (PDF)
💡
In Simple Terms
A company emerging from bankruptcy filed its old financial results showing zero sales and small losses, three years late due to its insolvency process.
🤖 AI Summary
  • Q1 FY24 results filed post-CIRP: zero revenue, Rs. 26 Lakhs net loss for quarter ended June 30, 2023
  • Filing delayed nearly 3 years — company undergoing CIRP under IBC 2016, management with Resolution Professional
  • NCLT-approved Resolution Plan granted immunities for past non-compliances including late result submission
  • Manufacturing operations non-operational during quarter; working capital deficit Rs. 6,696 Lakhs (borrowings minus cash)
  • Limited Review audit completed; results regularized in continuation of NCLT-approved resolution plan implementation
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q1 FY24)
Rs. 0 Lakhs
Net Loss (Q1 FY24)
Rs. 26 Lakhs
Current Borrowings
Rs. 12,411 Lakhs
Total Assets
Rs. 17,873 Lakhs
Cash and Cash Equivalents
Rs. 19 Lakhs
Total Equity
Rs. 1,177 Lakhs
Working Capital Deficit
Rs. 6,696 Lakhs
EPS (Basic & Diluted)
(0.04) per share
🏢 How This Affects the Company
📈
Business Impact
Manufacturing remained non-operational during the quarter. Zero revenue from operations confirms business suspension during CIRP process. Post-resolution operation status unclear from filing.
💰
Financial Impact
Company carries borrowings of Rs. 12,411 Lakhs against total assets of Rs. 17,873 Lakhs, creating significant leverage. Net worth of Rs. 1,177 Lakhs indicates shallow equity buffer.
⚙️
Operational Impact
Manufacturing activities were not operational during quarter. Workforce and production capacity status not disclosed; operations appear suspended during insolvency resolution.
⚠️
Risk Impact
High debt-to-equity ratio indicates financial stress. Non-operational status and zero revenue create ongoing solvency risk despite Resolution Plan approval. Future revenue generation capability unproven.
👥 What This Means For Shareholders
✅
Action Required
Monitor next quarterly results filing to confirm business restart, manufacturing resumption, and revenue generation post-emergence from insolvency.
👤
Who Is Affected
All equity holders in BKM Industries. Shareholder value substantially diluted — company emerged from insolvency under Resolution Plan with Rs. 1,177 Lakhs net worth across Rs. 655 Lakhs paid-up capital (651.61 crore shares at Re. 1 face value).
🔍
Management Signal
NCLT-approved Resolution Plan required filing delayed results; immunities granted for past non-compliance. Plan implementation ongoing; manufacturing and business operations yet to restart post-emergence.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q2 FY24 results filing — confirm manufacturing restart and first revenue recognition post-CIRP
Resolution Plan execution updates — monitor for operational/financial covenant compliance disclosures
Debt restructuring or covenant modification filings — track changes to borrowing terms post-emergence
HIGH RISK Post-insolvency company with zero revenue, Rs. 12,411 Lakhs debt, Rs. 19 Lakhs cash. Manufacturing non-operational. Business revival capability unproven.
💡 Investor Takeaway
BKM Industries filed Q1 FY24 results (ended June 30, 2023) showing zero revenue, Rs. 26 Lakhs net loss, and Rs. 12,411 Lakhs total borrowings against Rs. 1,177 Lakhs equity. Manufacturing non-operational. Filing delayed 3 years due to CIRP; NCLT approved Resolution Plan granted compliance immunities. Business viability post-resolution unconfirmed.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Zero revenue from operations and manufacturing non-operational during quarter indicate suspended business activity and revenue generation risk.
  • Working capital deficit of Rs. 6,696 Lakhs (borrowings Rs. 12,411 Lakhs versus cash Rs. 19 Lakhs) creates severe liquidity strain.
  • Net loss in all four comparable periods (Rs. 26, Rs. 45, Rs. 58, Rs. 213 Lakhs) confirms sustained unprofitability post-emergence.
  • Debt-to-equity ratio approximately 10.4x indicates extremely leveraged balance sheet with minimal equity cushion for stakeholders.
📅 Company Track Record
BKM Industries (formerly Manaksia Industries Ltd.) underwent CIRP and obtained NCLT-approved Resolution Plan. FY23 showed zero revenue, Rs. 655 Lakhs loss, Rs. 6,723 Lakhs working capital deficit. Q3 FY22 and Q3 FY23 also reported zero revenue with losses Rs. 57 Lakhs and Rs. 54 Lakhs respectively. Consistent non-operational status since insolvency commencement.

Based on publicly available historical data. For context only.

You've read one filing

There are 32,000 more, and one of them is about a company you own

Follow a company and we'll email you the moment it files again — explained, not just forwarded. Free.

  • Follow companies and get filings by email
  • Save any filing to read later
  • Two full AI analyses every month, free

No card needed. Sign in with Google in two taps.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.