The Financials are declared in pursuance of Implementation of Resolution Plan as approved by NCLT
REGULATORY
◆ Monitor Closely
HIGH RISK
📅 Filed on BSE: 28 Mar 2026, 10:58 PM IST · BSE ID: 1e30a446-287b-469d-9cb7-c40f5f57219e
View Original BSE Filing (PDF)
💡
In Simple Terms
Company just filed results from 2022 after insolvency process ended; shows zero sales and losses, now regularizing past compliance.
🤖 AI Summary
- BKM Industries files Q1 FY23 results after CIRP completion; zero revenue reported
- Net loss Rs. 58 Lakhs for quarter ended 30 June 2022; total expenses Rs. 58 Lakhs
- Depreciation and amortisation Rs. 32 Lakhs; other expenses Rs. 26 Lakhs
- NCLT resolution plan granted reliefs for past non-compliance including filing delays
- Results underwent limited review by statutory auditors; Ind-AS compliant
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations
Rs. 0 Lakhs
Total Expenses
Rs. 58 Lakhs
Net Loss (Q1 FY23)
Rs. 58 Lakhs
Depreciation and Amortisation
Rs. 32 Lakhs
Other Expenses
Rs. 26 Lakhs
Basic EPS
Rs. (0.09) per share
Paid-up Equity Capital
Rs. 655 Lakhs
🏢 How This Affects the Company
Zero revenue indicates company was non-operational during CIRP period. Resolution plan approval signals resumption of operations framework, though no current operational metrics provided in filing.
Net loss Rs. 58 Lakhs standalone for Q1 FY23. No deferred tax benefit recognized. Paid-up equity capital remains Rs. 655 Lakhs. Cash position and working capital details not disclosed in results.
Company under CIRP management during reporting period. Resolution Professional managed operations. Filing suggests transition to new management post-NCLT approval, though operational capacity and staffing remain unclear.
Filing covers period when company was under external insolvency administration. NCLT-granted immunities reduce past compliance exposure, but zero revenue and lack of forward guidance creates ongoing viability uncertainty.
👥 What This Means For Shareholders
✅
Action Required
Monitor Q2-Q3 FY26 results filings for operational recovery evidence and revenue generation post-CIRP.
👤
Who Is Affected
All equity shareholders holding against paid-up capital of Rs. 655 Lakhs. EPS reported as negative Rs. 0.09 per share for Q1 FY23.
🔍
Management Signal
NCLT approval and immunities grant signal commitment to implement resolution plan. Zero revenue indicates company requires operational restart; future viability depends on asset utilization under new management.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY26 results (Oct-Dec 2025): track revenue generation and operational restart evidence post-CIRP
NCLT resolution plan implementation updates: watch for asset monetization or business resumption filings
Annual report FY26 (expected May 2026): full audited numbers, cash position, debt status post-insolvency
HIGH RISK
Company emerged from CIRP with zero revenue, ongoing losses, and unproven operational viability. No forward guidance or asset recovery metrics disclosed.
💡 Investor Takeaway
BKM Industries filed Q1 FY23 results (quarter ended 30 June 2022) showing zero revenue and Rs. 58 Lakhs net loss after NCLT-approved resolution plan. Filing regularizes past non-compliance. No operational metrics or forward guidance provided; company status remains unclear.
⚖️ Strengths & Concerns
✅ Positives
- NCLT resolution plan approved, providing legal immunity for past filing non-compliance and creating framework for operations resumption.
⚠️ Concerns
- Zero revenue from operations in Q1 FY23 indicates company was dormant throughout CIRP; no operational activity or asset value realized.
- Net loss Rs. 58 Lakhs despite minimal operations; ongoing depreciation without corresponding income generation raises going concern questions.