BKM Industries Limited submitted delayed Q1 FY22 financial results showing a net loss of ₹273 lakhs for the quarter ended June 30, 2021, following completion of its Corporate Insolvency Resolution Process. Manufacturing operations remained non-operational during the quarter, with expenses primarily comprising depreciation costs of ₹249 lakhs. The company's total assets stood at ₹18,376 lakhs with total equity of ₹2,637 lakhs as of June 30, 2021. The delayed submission was attributed to CIRP proceedings under the Insolvency and Bankruptcy Code, 2016, with the company now regularizing compliance following Resolution Plan approval by NCLT.

BKM Industries Limited Files Delayed Q1 FY22 Financial Results Following Corporate Insolvency Resolution Process

BKM Industries Limited has filed its delayed financial results for the quarter ended June 30, 2021, following the completion of its Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The company submitted both standalone and consolidated financial results on March 28, 2026, which were approved by the Board of Directors on the same date.

Financial Performance Overview

The company reported significant losses during the quarter, with manufacturing operations remaining suspended throughout the period. The financial performance reflects the challenging circumstances faced during the insolvency proceedings.

Financial Metric Q1 FY22 (Jun 2021) Q4 FY21 (Mar 2021) Q1 FY21 (Jun 2020) FY21 (Mar 2021) Total Income - (12) lakhs 10 lakhs (197) lakhs Total Expenses 273 lakhs 135 lakhs 326 lakhs 975 lakhs Net Loss (273) lakhs (145) lakhs (347) lakhs (1,128) lakhs Basic EPS (0.42) (0.22) (0.53) (1.72)

Expense Analysis

The company's expenses for Q1 FY22 were primarily driven by depreciation and amortisation costs, which accounted for the majority of total expenditure. Manufacturing activities remained non-operational during the quarter.

Expense Category Q1 FY22 Amount (₹ lakhs) Depreciation and Amortisation 249 Other Expenses 24 Finance Costs - Employee Benefits - Total Expenses 273

Balance Sheet Position

As of June 30, 2021, BKM Industries maintained a substantial asset base, though the company's equity position reflected the accumulated losses from the insolvency period.

Balance Sheet Item June 30, 2021 March 31, 2021 Total Assets ₹18,376 lakhs ₹18,630 lakhs Total Equity ₹2,637 lakhs ₹2,910 lakhs Current Liabilities ₹14,338 lakhs ₹14,319 lakhs Non-current Liabilities ₹1,401 lakhs ₹1,401 lakhs

Corporate Insolvency Resolution Impact

The delayed submission of financial results was directly attributed to the Corporate Insolvency Resolution Process that the company underwent during this period. The management of BKM Industries was vested with the Resolution Professional during the CIRP proceedings, which prevented the timely preparation and submission of financial statements within the prescribed SEBI timelines.

The company has now regularized its compliance following the approval of the Resolution Plan by the National Company Law Tribunal under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan provided appropriate reliefs and immunities for past non-compliances, including the delay in financial result submissions.

Business Operations and Future Outlook

BKM Industries Limited operates in the manufacturing of packaging and engineering products. However, the company's manufacturing activities remained suspended during the quarter ended June 30, 2021. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) and were subject to limited review by the company's statutory auditors.

The company's paid-up equity share capital remained stable at ₹655 lakhs with a face value of ₹1 per share. Cash and cash equivalents stood at ₹7 lakhs as of June 30, 2021, compared to ₹9 lakhs in the previous quarter, reflecting the operational challenges during the CIRP period.

BKM Industries Limited (formerly Manaksia Industries Ltd.) has formally notified stock exchanges about an upcoming Board of Directors meeting scheduled for March 26, 2026. The announcement was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 29 and other applicable provisions.

Meeting Details and Compliance

The board meeting will be held on Saturday, March 26, 2026, at the company's registered office located at Commerce House, 2A, G. C. Avenue, Room No. 11, 2nd floor, Kolkata-700013, or through permitted mode as allowed under statutory provisions. The company has ensured full compliance with applicable statutory requirements for conducting the meeting.

Meeting Parameter: Details Date: Saturday, March 26, 2026 Venue: Registered office / Permitted mode Regulation: SEBI (LODR) Regulations, 2015 Notice Date: March 25, 2026

Regulatory Approvals and Notifications

BKM Industries Limited has obtained the necessary approval from Independent Directors for convening the board meeting at a shorter notice period, as mandated under applicable provisions. This approval ensures that the meeting complies with governance requirements despite the reduced notice period.

The company has formally communicated this intimation to both major stock exchanges where its shares are listed. The notification was sent to BSE Limited (Scrip Code: 539043) and National Stock Exchange of India Limited (Scrip Code: BKMINDST) on March 25, 2026.

Corporate Information

BKM Industries Limited operates under CIN: L27100WB2011PLC161235 and maintains its registered office in Kolkata. The company, formerly known as Manaksia Industries Ltd., continues to fulfill its listing obligations and disclosure requirements as mandated by SEBI regulations. Whole Time Director Amit Singh signed the official communication digitally on March 25, 2026, at 17:50:35 +05'30'.

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