Quarterly Result28 March 2026 at 05:37 pm
BKM Industries Ltd. Submits Standalone and Consolidated Financial Results for Q1 2022-2023 After Implementation of Resolution Plan
AI Summary
BKM Industries Ltd. has declared its standalone and consolidated financial results for the quarter and financial year ended 30th June 2022, 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, and due to this, the financial results could not be finalized and submitted within the prescribed timelines. The Resolution Plan has granted appropriate reliefs and immunities to the company for effective implementation, including relief from past non-compliances such as delay in submission of financial results.
Key Highlights
- BKM Industries Ltd. has submitted its standalone and consolidated financial results for Q1 2022-2023, following the implementation of the NCLT-approved Resolution Plan.
- The company was undergoing CIRP under the Insolvency and Bankruptcy Code, 2016, causing delays in financial result submissions.
- Appropriate reliefs and immunities have been granted to the company under the Resolution Plan for effective implementation.
- The financial results have been prepared in accordance with applicable accounting standards and were subject to Limited Review by the Statutory Auditors.
- The submission regularizes past compliances as part of the Resolution Plan.
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