BKM Industries Limited has submitted its delayed standalone and consolidated financial results for the quarter ended June 30, 2022, following the completion of its Corporate Insolvency Resolution Process (CIRP). The company reported these results to BSE and NSE on March 28, 2026, with Board approval obtained on the same date.

Financial Performance Overview

The company reported a net loss of ₹58 lakhs for the quarter ended June 30, 2022, showing improvement compared to the preceding quarter's loss of ₹655 lakhs and the corresponding quarter's loss of ₹273 lakhs in the previous year.

Expense Breakdown

The company's total expenses for the quarter comprised depreciation and amortization expenses of ₹32 lakhs and other expenses of ₹26 lakhs. Manufacturing activities remained non-operational during the quarter, with no revenue generation from operations.

Balance Sheet Position

As of June 30, 2022, the company maintained total assets of ₹17,621 lakhs, with non-current assets of ₹9,452 lakhs and current assets of ₹8,169 lakhs. The equity position stood at ₹1,361 lakhs, comprising paid-up equity share capital of ₹655 lakhs and other equity of ₹705 lakhs.

Corporate Insolvency Resolution Process Impact

The delayed submission was attributed to the company undergoing CIRP under the Insolvency and Bankruptcy Code, 2016, pursuant to orders from the National Company Law Tribunal (NCLT). During this period, the company's management was vested with the Resolution Professional, preventing timely finalization of financial results within SEBI prescribed timelines.

The company has now regularized its compliance following the NCLT-approved Resolution Plan under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan granted appropriate reliefs and immunities for past non-compliances, including delays in financial result submissions.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) and were subject to limited review by statutory auditors Prabhat & Co, Chartered Accountants. The results were reviewed by the Audit Committee and approved by the Board of Directors.

BKM Industries Limited, formerly known as Manaksia Industries Ltd., operates in the manufacture of packaging and engineering products. The company's registered office is located in Kolkata, West Bengal, and it trades on both BSE (scrip code: 539043) and NSE (scrip code: BKMINDST).

BKM Industries Limited has submitted its delayed financial results for the quarter and year ended March 31, 2022, following the completion of Corporate Insolvency Resolution Process (CIRP). The company, formerly known as Manaksia Industries Ltd., operates in the manufacture of packaging and engineering products.

Financial Performance Overview

The company reported significant losses during the financial year ended March 31, 2022. The financial performance reflects the impact of the insolvency proceedings and non-operational manufacturing activities.

Balance Sheet Position

The company's balance sheet as of March 31, 2022, shows total assets of ₹17,652 lakhs compared to ₹18,630 lakhs in the previous year.

Corporate Insolvency Resolution Process Impact

The company underwent CIRP 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 prescribed timelines.

The Resolution Plan approved by the National Company Law Tribunal under Sections 30 and 31 of the Insolvency and Bankruptcy Code granted the company appropriate reliefs and immunities for past non-compliances, including the delay in submission of financial results.

Operational Status

The manufacturing activities remained non-operational during the quarter and year ended March 31, 2022. The company's financial statements have been prepared solely to comply with applicable regulatory requirements pertaining to the CIRP.

Cash Flow Analysis

The company's cash flow statement shows:

Regulatory Compliance

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 results were approved by the Board of Directors at its meeting held on March 28, 2026.

The company has now regularized its compliance by submitting these financial results in continuation of the Resolution Plan approved by the National Company Law Tribunal. The submission represents a step toward normalizing the company's regulatory obligations following the successful completion of the insolvency resolution process.