BKM Industries Limited (formerly Manaksia Industries Ltd.) has submitted its delayed standalone and consolidated financial results for the quarter and year ended March 31, 2023, following the completion of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The financial results were approved by the Board of Directors at its meeting held on March 28, 2026.

Financial Performance Overview

The company reported significant losses during the year ended March 31, 2023, though showing improvement compared to the previous year. The manufacturing activities remained non-operational throughout the reporting period.

Balance Sheet Position

The company's financial position as of March 31, 2023, reflects the impact of the insolvency process, with figures recast based on bank statements and information provided by the Resolution Professional.

Corporate Insolvency Resolution Process Impact

The company underwent CIRP pursuant to orders from the Hon'ble National Company Law Tribunal, during which management was vested with the Resolution Professional. This process resulted in:

• Delayed submission of financial results beyond SEBI (LODR) prescribed timelines
• Recasting of asset and liability figures based on available documentation
• Preparation of financial statements solely for regulatory compliance during CIRP
• Grant of appropriate reliefs and immunities for past non-compliances under the approved Resolution Plan

Cash Flow Analysis

The company's cash flow statement for the year ended March 31, 2023, shows:

Business Operations and Compliance

BKM Industries Limited operates in the manufacture of packaging and engineering products. The company has now regularized its compliance by submitting the financial results in continuation of the Resolution Plan approved by the Hon'ble NCLT. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind-AS) and have undergone limited review by the statutory auditors.

The consolidated financial results mirror the standalone figures, indicating no significant subsidiary operations during the reporting period. The company maintains its registered office at Commerce House, 2A, G.C. Avenue, Kolkata, and continues to be listed on both BSE and NSE.

BKM Industries Limited (formerly Manaksia Industries Ltd.) has submitted its delayed standalone and consolidated financial results for the quarter ended December 31, 2022, following the completion of Corporate Insolvency Resolution Process (CIRP) proceedings. The financial results were approved by the Board of Directors at its meeting held on March 28, 2026.

Financial Performance Overview

The company reported challenging financial performance during the quarter, with manufacturing activities remaining non-operational. The standalone financial results show minimal operational activity with significant losses continuing.

Balance Sheet Position

As of December 31, 2022, the company's financial position reflects the impact of the insolvency proceedings. The balance sheet shows total assets of ₹17,902 lakhs, with significant liabilities outweighing equity.

CIRP Resolution and Compliance Regularization

The company underwent Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, pursuant to orders from the National Company Law Tribunal. During this period, the management was vested with the Resolution Professional, which prevented the timely finalization and submission of financial results within SEBI LODR prescribed timelines.

Following the Resolution Plan approval by the NCLT under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, the company has been granted appropriate reliefs and immunities regarding past non-compliances, including the delay in financial results submission.

Cash Flow Analysis

The cash flow statement reveals the company's operational challenges during the period:

Business Operations and Outlook

BKM Industries Limited operates in the manufacture of Packaging and Engineering Products. However, manufacturing activities remained non-operational during the quarter and nine-month period ended December 31, 2022. The company's paid-up equity share capital stands at ₹655 lakhs with a face value of ₹1 per share.

The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) and have undergone Limited Review by the company's Statutory Auditors. The consolidated financial results mirror the standalone performance, indicating no significant subsidiary operations during the period.

Regulatory Compliance

The submission was made pursuant to Regulation 30 read with Regulation 33 of SEBI (LODR) Regulations, 2015. The company has now regularized its compliance obligations following the successful completion of the CIRP process and implementation of the approved Resolution Plan.