The Company has declared it''s financials in pursuance of implementation of Resolution Plan as approved by NCLT
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 29 Mar 2026, 01:43 PM IST · BSE ID: 528d3315-22ae-454c-a473-c2a20911fe56
View Original BSE Filing (PDF)
💡
In Simple Terms
After going through bankruptcy proceedings, the company has now filed its missing FY23 financial results showing zero business revenue and a loss of Rs. 655 Lakhs.
🤖 AI Summary
- BKM Industries files FY23 results after CIRP: zero revenue, Rs. 655 Lakhs net loss
- Results delayed due to Corporate Insolvency Resolution Process under IBC 2016
- NCLT approved Resolution Plan granted immunities for past non-compliance including late filing
- Balance sheet: Rs. 17,872 Lakhs total assets, Rs. 1,204 Lakhs equity, Rs. 14,890 Lakhs current liabilities
- Depreciation and amortisation Rs. 1,287 Lakhs for FY23; limited operational activity
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Loss for FY23
Rs. 655 Lakhs
Revenue from Operations FY23
Zero (Rs. 0)
Total Assets as at March 31, 2023
Rs. 17,872 Lakhs
Total Equity as at March 31, 2023
Rs. 1,204 Lakhs
Current Liabilities as at March 31, 2023
Rs. 14,890 Lakhs
Depreciation & Amortisation FY23
Rs. 1,287 Lakhs
Paid-up Equity Share Capital
Rs. 655 Lakhs
Loss Per Share (Basic & Diluted) FY23
Rs. 1.00
🏢 How This Affects the Company
Company remains non-operational with zero revenue from operations throughout FY23. No business activity or revenue generation evident in the filed results.
Net loss of Rs. 655 Lakhs for FY23 with substantial depreciation of Rs. 1,287 Lakhs. Current liabilities of Rs. 14,890 Lakhs exceed current assets of Rs. 8,167 Lakhs, creating working capital deficit of Rs. 6,723 Lakhs.
Zero employee benefit expenses and zero material costs indicate no operational activity or workforce during FY23. Company under Resolution Professional management during CIRP restricted normal operations.
Significant solvency risk evidenced by liabilities exceeding equity. Current ratio of 0.55 indicates severe liquidity stress. Resolution Plan implementation outcome critical for company viability going forward.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should monitor Resolution Plan implementation progress and upcoming operational updates from management.
👤
Who Is Affected
All equity shareholders holding 655 Lakhs paid-up capital. Equity dilution and loss per share of Rs. 1.00 for FY23 directly impacts shareholder value.
🔍
Management Signal
NCLT approval of Resolution Plan signals formal debt restructuring completion. Management transition under Resolution Professional indicates control transfer to restructuring professionals.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Quarterly results post-Resolution Plan — check for any operational revival or revenue generation restart
Resolution Plan compliance filing — monitor debt restructuring implementation and asset recovery progress
Management update on turnaround strategy — track any new business initiatives or capacity utilization plans
HIGH RISK
Zero revenue, Rs. 6,723 Lakhs working capital deficit, liabilities significantly exceed equity. Company operationally dormant post-CIRP with survival dependent on Resolution Plan execution.
💡 Investor Takeaway
BKM Industries has filed four-year-delayed FY23 results showing zero revenue and Rs. 655 Lakhs loss after CIRP. Total assets of Rs. 17,872 Lakhs, equity of Rs. 1,204 Lakhs, current liabilities of Rs. 14,890 Lakhs. NCLT granted immunity for compliance delays. Business revival depends entirely on Resolution Plan implementation.
⚖️ Strengths & Concerns
⚠️ Concerns
- Zero revenue from operations in FY23 with net loss of Rs. 655 Lakhs indicates complete business shutdown
- Current liabilities Rs. 14,890 Lakhs versus current assets Rs. 8,167 Lakhs creates Rs. 6,723 Lakhs working capital deficit
📅 Company Track Record
BKM Industries (formerly Manaksia Industries Ltd., CIN L27100WB2011PLC161235) entered CIRP under IBC 2016. Past filings show zero revenue pattern: Q3 FY22 reported zero revenue with Rs. 57 Lakhs loss and Rs. 6,513 Lakhs working capital deficit. FY22 results (delayed filing) showed zero revenue, Rs. 1,492 Lakhs loss, Rs. 14,425 Lakhs current liabilities. NCLT approved Resolution Plan in March 2026 granting immunities for compliance delays.
Based on publicly available historical data. For context only.