BKM Industries Files Long‑Delayed FY2023 Results After CIRP

• Revenue: ₹0 for FY2023 (manufacturing remained shut throughout the year).
• Other income: ₹6 lakh, the only positive contribution to earnings.
• Net loss: ₹655 lakh for the fiscal year, with the most recent quarter adding a loss of ₹45 lakh; earnings per share for continuing operations turned negative at ‑0.07 rupees.
• Operating margins: Not applicable – with zero sales the company recorded no operating profit or EBITDA.
• Balance‑sheet snapshot:
  • Total assets: ₹17,872 lakh (non‑current ₹9,704 lakh, current ₹8,167 lakh)
  • Equity: ₹1,204 lakh (including other equity of ₹548 lakh)
  • Borrowings: short‑term ₹12,411 lakh; long‑term ₹771 lakh
• Cash‑flow (quarter ended 31‑Mar‑2023): operating outflow ₹84 lakh, investing outflow ₹350 lakh, financing inflow ₹433 lakh, net cash decline ₹1 lakh, leaving a closing cash balance of ₹19 lakh.
• Key operational highlights:
  • The company filed its FY2023 results after a three‑year delay caused by a corporate insolvency resolution process (CIRP).
  • Manufacturing remained inactive for the entire fiscal year, resulting in a dormant business.
  • The National Company Law Tribunal approved a resolution plan that clears past non‑compliance, offering a pathway for debt restructuring, asset sales, or a strategic partnership to revive operations.

No explicit management guidance was provided in the filing.