Quarterly Result28 March 2026 at 05:21 pm
BKM Industries Ltd. Submits Financial Results for Q1 2021-2022 After NCLT Approval
AI Summary
BKM Industries Ltd. has declared its financial results for the quarter and financial year ended 30th June 2021, pursuant to the implementation of the Resolution Plan approved by the NCLT. The company, which was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, could not finalize and submit the financial results within the prescribed timelines due to the aforesaid circumstances. However, with the approval of the Resolution Plan, the company has been granted appropriate reliefs/immunities for effective implementation of the plan, including regularization of past non-compliances such as delay in submission of financial results.
Key Highlights
- BKM Industries Ltd. has submitted its financial results for the quarter and financial year ended 30th June 2021.
- The results were declared in pursuance with the implementation of the Resolution Plan as approved by the NCLT.
- The company was undergoing CIRP under the Insolvency and Bankruptcy Code, 2016, which led to the delay in submitting the financial results.
- The Resolution Plan has granted the company appropriate reliefs/immunities for effective implementation, including regularization of past non-compliances.
- The financial results have been prepared in accordance with applicable accounting standards and have been subject to Limited Review by the Statutory Auditors.
BKMINDSTPackaging
BKM Industries LtdPrice Impact