Quarterly Result29 March 2026 at 09:02 am
BKM Industries Ltd. Submits Financial Results for Q1 2023 After Resolution Plan Implementation
AI Summary
BKM Industries Ltd. has declared its financial results for the quarter and financial year ended 30th June 2023, following the implementation of the Resolution Plan approved by the National Company Law Tribunal (NCLT). The company was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, which led to a delay in finalizing and submitting the financial results. However, with the approval of the Resolution Plan, the company has been granted appropriate reliefs and immunities for effective implementation, including relief from past non-compliances such as delay in submitting financial results.
Key Highlights
- BKM Industries Ltd. has submitted its Standalone and Consolidated Financial Results for Q1 and FY ended 30th June 2023.
- The financial results have been prepared in accordance with applicable accounting standards and have been subject to Limited Review by the Statutory Auditors.
- The company has now regularized past compliances, including the submission of financial results, as part of the Resolution Plan implementation.
- The financial results show the company's performance after the implementation of the Resolution Plan.
- This submission marks the completion of a significant milestone in the company's journey towards regularizing its past compliances.
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