BKM Industries Limited's Monitoring Committee has successfully concluded its review of the company's resolution plan implementation, determining that recent corrective orders from the National Company Law Tribunal (NCLT) have cleared the path for final execution. The committee meeting, held on 20th January 2026 through video conferencing, addressed critical corrections to shareholding details that were required for the plan's implementation.

NCLT Corrective Orders Address Technical Errors

The Monitoring Committee reviewed the status of the resolution plan approved by the NCLT, focusing on the final corrective order dated 4th December 2025 read with the order dated 14th November 2025. These orders addressed technical corrections to an earlier order dated 27th March 2025, specifically relating to inter-se interchange of public shareholding details that had been inadvertently recorded incorrectly.

Resolution Plan Implementation Status

The committee noted that the corrective orders do not result in any change to the overall public shareholding percentage of the company as originally envisaged under the approved resolution plan. The corrections were purely technical in nature, addressing clerical errors in the recording of shareholding details between promoter and public categories.

Key Shareholding Corrections

The NCLT's corrective orders addressed specific numerical corrections in the shareholding structure:

• Public shareholding figures of 3,08,81,515 and 4,09,31,515 shares were inter-changed
• Promoter shareholding figures of 3,46,52,535 and 2,46,02,535 shares were inter-changed
• Public shareholding percentage was corrected from 11.75% to 5.82%
• The corrected public shareholding comprises 12,35,261 equity shares

Committee's Final Determination

The Monitoring Committee concluded that with the final corrective order dated 4th December 2025, there would be no further impediments in the implementation of the approved resolution plan with respect to cancellation and re-issuance of fresh equity shares. This determination represents a significant milestone in the company's restructuring process under the Corporate Insolvency Resolution Process (CIRP).

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India Limited about the meeting outcomes as required under Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Certified true copies of both NCLT orders dated 4th December 2025 and 14th November 2025 have been provided to the stock exchanges for their records.

BKV Industries Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a net loss and a decline in revenue compared to the previous quarter.

Financial Highlights

Key Points

• Revenue: BKV Industries reported revenue from operations of Rs 19.93 lakhs for Q2 FY2026, remaining unchanged from the previous quarter.

• Net Loss: The company's net loss widened to Rs 8.86 lakhs in Q2 FY2026, compared to Rs 2.02 lakhs in Q1 FY2026.

• Half-Year Performance: For the half-year ended September 30, 2025, BKV Industries recorded a total income of Rs 41.07 lakhs and a net loss of Rs 10.88 lakhs.

• Expenses: Total expenses for Q2 FY2026 increased to Rs 29.61 lakhs, up from Rs 22.34 lakhs in the previous quarter. This includes employee benefit expenses of Rs 12.33 lakhs and other expenses of Rs 17.16 lakhs.

• Cash Position: As of September 30, 2025, the company's cash and cash equivalents stood at Rs 67.71 lakhs, showing an improvement from Rs 43.68 lakhs at the beginning of the financial year.

Board Approval and Auditor's Review

The financial results were approved by the Board of Directors at a meeting held on November 13, 2025. The statutory auditors, Garlapati & Co., have conducted a limited review of these results in accordance with the Standard on Review Engagements (SRE) 2410.

Segment Reporting

BKV Industries Limited operates as a single reportable segment, as determined by the company's chief operating decision-maker who reviews the overall business performance for resource allocation and performance assessment.

The company's management has prepared these financial results in accordance with the Indian Accounting Standards (Ind AS) and has made necessary adjustments to present a true and fair view of the company's financial position.

Investors and stakeholders should note that these are unaudited results subject to limited review and may be subject to changes or adjustments upon final audit.