BKM Industries Limited Releases Financial Results and Announces Key Appointments Following Resolution Plan Implementation
BKM Industries Limited, formerly Manaksia Industries Ltd., announced on March 29, 2026, that its Board of Directors convened on March 28th and 29th, 2026. The meeting, which began at 6:00 PM on March 28th and concluded at 1:30 PM on March 29th, addressed matters related to the implementation of the Resolution Plan approved by the Hon'ble National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016.The Board approved the Standalone and Consolidated Financial Results for the Financial Year 2021-22, Financial Year 2022-23, and the quarter ended June 30, 2023, for the Financial Year 2023-24. These results were prepared in accordance with applicable accounting standards and underwent Limited Review by the Statutory Auditors. Due to the company's prior involvement in the Corporate Insolvency Resolution Process (CIRP), the financial results were not finalized and submitted within the standard regulatory timelines. Reliefs and immunities were granted by the Hon'ble National Company Law Tribunal regarding past non-compliances, including the delay in submitting financial results, to facilitate the Resolution Plan's effective implementation.
During the meeting, Ms. Priya Motwani was appointed as Company Secretary and Compliance Officer. The Board also approved the appointment of a Secretarial Auditor.
Further actions taken by the Board included acknowledging the previously approved capital reduction and the allotment of securities to new promoters, in accordance with the Resolution Plan. The Board approved the Company’s Board’s Report and Annual Reports for the Financial Years 2020-21, 2021-22, 2022-23, 2023-24, and 2024-25. The Board also authorized the filing of applications with the BSE Limited and National Stock Exchange of India Limited to recommence trading of the company's equity shares, adhering to applicable regulations. Detailed disclosures related to these agenda items will be submitted separately to the stock exchanges.
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