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