BKM Industries Limited has submitted its delayed financial results for the quarter ended December 31, 2021, following the completion of its Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. 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 across both standalone and consolidated results for the quarter ended December 31, 2021. Manufacturing activities remained non-operational during the reporting period, contributing to the challenging financial position.

Standalone Financial Results

Consolidated Financial Results

Expense Analysis

The company's expense structure for Q3 FY22 was dominated by depreciation and amortisation expenses of ₹247 lakhs, while other expenses accounted for ₹26 lakhs. No revenue from operations was recorded during the quarter, and the company incurred no finance costs or employee benefit expenses.

Balance Sheet Position

As of December 31, 2021, the company maintained total assets of ₹17,899 lakhs, comprising non-current assets of ₹9,725 lakhs and current assets of ₹8,174 lakhs. The equity base stood at ₹2,073 lakhs, with paid-up equity share capital of ₹655 lakhs.

Key Balance Sheet Items

Cash Flow Analysis

The company's cash flow statement revealed net cash outflow of ₹90 lakhs from operating activities for the nine months ended December 31, 2021. However, financing activities generated a positive cash flow of ₹106 lakhs, primarily from repayment of short-term borrowings. The closing cash and cash equivalents stood at ₹25 lakhs.

CIRP Resolution and Compliance

The delayed submission of financial results was attributed to the company's involvement in the Corporate Insolvency Resolution Process, during which management control was transferred to a Resolution Professional. Following the Hon'ble National Company Law Tribunal's approval of the Resolution Plan under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, the company received appropriate reliefs and immunities for past non-compliances.

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and subjected to limited review by statutory auditors. The Board of Directors approved these results at their meeting held on March 28, 2026, marking the regularization of the company's compliance obligations post-CIRP resolution.

BKM Industries Limited (formerly Manaksia Industries Ltd.) has announced a key leadership appointment, naming Ms. Priya Motwani as the company's new Company Secretary and Compliance Officer. The appointment was formally approved by the Board of Directors during their meeting held on 28th March 2026.

Appointment Details

The company has informed both BSE Limited and National Stock Exchange of India Limited about this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment will be effective from the date of issuance of the appointment letter.

Professional Background

Ms. Priya Motwani brings substantial expertise to her new role at BKM Industries Limited. She is a qualified Company Secretary and holds the distinction of being an Associate Member of the Institute of Company Secretaries of India (ICSI). Her professional experience encompasses key areas including:

• Corporate law
• SEBI compliances
• Secretarial practices

Regulatory Compliance

The appointment has been made in accordance with regulatory requirements, with the company fulfilling its disclosure obligations under Regulation 30 read with Schedule III (Part A) of the SEBI (LODR) Regulations, 2015. The company has also confirmed that Ms. Motwani is not related to any Director of the Company, ensuring independence in her compliance role.

Company Information

BKM Industries Limited, formerly known as Manaksia Industries Ltd., operates with CIN L27100WB2011PLC161235. The company's registered office is located at Commerce House, 2A, G. C. Avenue, Room No. 11, 2nd floor, Kolkata-700013, India. The company's shares are listed on both BSE (Scrip Code: 539043) and NSE (Scrip Code: BKMINDST).

The appointment reflects the company's commitment to maintaining strong corporate governance standards and regulatory compliance through experienced leadership in key positions.