BKM Industries Ltd

Consolidated results and audit update

• Consolidated unaudited results for quarter ended 30 June 2026 approved by the Board.
• Limited Review Report issued; auditors express no material misstatement.
• Results include Euroasian Ventures FZE; figures from that entity not provided.
• Profit after tax: Rs (365.93) Lakhs; Basic EPS: Rs (1.72).
• Total comprehensive income for the period: Rs (365.93) Lakhs; OCI Rs 4,498.75 Lakhs.

Meeting Details

• Board meeting scheduled for July 27, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited quarterly financial results for the quarter ended June 30, 2026.
• Any other matter with the Chair's permission.

Other Notes

• Trading window for designated persons and their immediate relatives remains closed until 48 hours after unaudited results declaration.

Financial Performance - Standalone Q2 FY23

• Revenue from operations was Rs 1 lakh for Q2 FY23, unchanged YoY and QoQ
• Total expenses were Rs 58 lakh in Q2 FY23, down from Rs 291 lakh YoY
• Loss before tax was Rs 57 lakh in Q2 FY23 versus Rs 291 lakh loss YoY
• Net loss after tax was Rs 57 lakh in Q2 FY23, improving from Rs 291 lakh loss YoY
• Basic and diluted EPS was negative Rs 0.09 in Q2 FY23 versus negative Rs 0.44 YoY
• Depreciation expense was Rs 32 lakh in Q2 FY23, stable QoQ
• Other expenses were Rs 26 lakh in Q2 FY23, down from Rs 44 lakh YoY

Financial Performance - Standalone H1 FY23

• Revenue from operations was Rs 1 lakh in H1 FY23, flat YoY
• Total expenses were Rs 116 lakh in H1 FY23, down from Rs 565 lakh YoY
• Loss before tax was Rs 115 lakh in H1 FY23 versus Rs 565 lakh loss YoY
• Net loss after tax was Rs 115 lakh in H1 FY23, improving from Rs 565 lakh loss YoY
• Basic and diluted EPS was negative Rs 0.18 in H1 FY23 versus negative Rs 0.86 YoY
• Depreciation expense was Rs 64 lakh in H1 FY23, down from Rs 497 lakh YoY
• Other expenses were Rs 51 lakh in H1 FY23, down from Rs 68 lakh YoY

Financial Performance - Standalone FY22

• Revenue from operations was Rs 1 lakh in FY22
• Total expenses were Rs 1,116 lakh in FY22
• Loss before tax was Rs 1,116 lakh in FY22
• Net loss after tax was Rs 1,492 lakh in FY22 including deferred tax credit of Rs 376 lakh
• Basic and diluted EPS was negative Rs 2.28 in FY22
• Depreciation expense was Rs 986 lakh in FY22
• Other expenses were Rs 130 lakh in FY22

Balance Sheet - Standalone as of Sep 30, 2022

• Total assets were Rs 17,934 lakh as of Sep 30, 2022
• Non-current assets stood at Rs 9,594 lakh, including Rs 3,455 lakh PPE and Rs 4,320 lakh investments
• Current assets were Rs 8,340 lakh, including Rs 4,956 lakh trade receivables and Rs 2,193 lakh inventories
• Total equity was Rs 1,304 lakh, with Rs 655 lakh equity share capital
• Non-current liabilities were Rs 1,777 lakh, including Rs 771 lakh borrowings
• Current liabilities were Rs 14,853 lakh, including Rs 12,411 lakh borrowings

Cash Flow - Standalone Q2 FY23

• Net cash used in operating activities was Rs 51 lakh in Q2 FY23
• Net cash used in investing activities was Rs 175 lakh in Q2 FY23 due to fixed deposit maturity
• Net cash from financing activities was Rs 397 lakh in Q2 FY23 from short-term borrowings
• Cash and cash equivalents increased to Rs 191 lakh as of Sep 30, 2022 from Rs 20 lakh at June 30, 2022

Financial Performance - Consolidated Q2 FY23

• Consolidated financials mirror standalone results for Q2 FY23
• Revenue from operations was Rs 1 lakh for Q2 FY23
• Loss before tax was Rs 57 lakh in Q2 FY23
• Net loss after tax was Rs 57 lakh in Q2 FY23
• Basic and diluted EPS was negative Rs 0.09 in Q2 FY23

Balance Sheet - Consolidated as of Sep 30, 2022

• Total consolidated assets were Rs 17,934 lakh as of Sep 30, 2022
• Non-current assets were Rs 9,594 lakh, including Rs 3,455 lakh PPE and Rs 4,320 lakh investments
• Current assets were Rs 8,340 lakh, including Rs 4,956 lakh trade receivables and Rs 2,193 lakh inventories
• Total equity was Rs 1,304 lakh, with Rs 655 lakh equity share capital
• Non-current liabilities were Rs 1,777 lakh, including Rs 771 lakh borrowings
• Current liabilities were Rs 14,853 lakh, including Rs 12,411 lakh borrowings

Cash Flow - Consolidated Q2 FY23

• Net cash used in operating activities was Rs 51 lakh in Q2 FY23
• Net cash used in investing activities was Rs 175 lakh in Q2 FY23
• Net cash from financing activities was Rs 397 lakh in Q2 FY23
• Cash and cash equivalents increased to Rs 191 lakh as of Sep 30, 2022

Operations & Other Notes

• Manufacturing activities were not operational during Q2 and H1 FY23
• Company manufactures packaging and engineering products
• Financial results delayed due to Corporate Insolvency Resolution Process (CIRP)
• Resolution Plan approved by NCLT granted reliefs for past non-compliances
• Financials prepared as per Indian Accounting Standards (Ind AS)
• Limited Review by statutory auditors completed with no qualifications

Financial Performance Q1 FY2024 Standalone

• Revenue from operations was nil for quarter ended June 30, 2023
• Total expenses were Rs 29 lakh, mainly other expenses Rs 29 lakh
• Loss before tax was Rs 26 lakh versus Rs 44 lakh loss in previous quarter
• Net loss after tax was Rs 26 lakh versus Rs 45 lakh loss in previous quarter
• Basic and diluted EPS was negative Rs 0.04 for the quarter
• Manufacturing activities were not operational during the quarter

Financial Position Standalone as of June 30, 2023

• Total assets stood at Rs 17,873 lakh, up from Rs 17,621 lakh year ago
• Non-current assets were Rs 9,704 lakh, current assets Rs 8,168 lakh
• Equity was Rs 1,177 lakh, down from Rs 1,361 lakh year ago
• Borrowings were Rs 13,182 lakh (non-current Rs 771 lakh, current Rs 12,411 lakh)
• Other current liabilities increased to Rs 1,311 lakh from Rs 877 lakh year ago

Cash Flow Standalone Q1 FY2024

• Net cash used in operating activities was Rs 26 lakh
• Net cash used in investing activities was nil
• Net cash from financing activities was Rs 27 lakh
• Closing cash and cash equivalents were Rs 20 lakh

Financial Performance Q1 FY2024 Consolidated

• Consolidated results mirror standalone with net loss of Rs 26 lakh
• Total assets and liabilities same as standalone at Rs 17,873 lakh
• Manufacturing activities were not operational during the quarter

Corporate Insolvency Resolution Process (CIRP)

• Company was under CIRP during the quarter ended June 30, 2023
• Financial results delayed due to CIRP, now regularized post resolution plan
• Resolution plan approved by NCLT granted reliefs for past non-compliances

Business Model

• Company manufactures packaging and engineering products
• Manufacturing was non-operational during the reported quarter

Financial Performance

• Standalone revenue from operations was Rs 3 lakh for year ended March 31, 2023.
• Standalone net loss was Rs 655 lakh for year ended March 31, 2023, versus Rs 1,492 lakh loss prior year.
• Standalone EBITDA impacted by Rs 986 lakh depreciation and amortisation expense for year ended March 31, 2023.
• Basic and diluted EPS stood at (2.28) for year ended March 31, 2023.
• Manufacturing activities were not operational during the quarter and year ended March 31, 2023.

Balance Sheet

• Total standalone assets were Rs 17,872 lakh as of March 31, 2023.
• Standalone equity stood at Rs 1,204 lakh as of March 31, 2023, down from Rs 1,418 lakh prior year.
• Standalone borrowings were Rs 771 lakh non-current and Rs 12,411 lakh current as of March 31, 2023.
• Inventories and trade receivables remained stable at Rs 2,193 lakh and Rs 4,956 lakh respectively.

Cash Flow

• Net cash used in operating activities was Rs 84 lakh for year ended March 31, 2023.
• Net cash used in investing activities was Rs 350 lakh for year ended March 31, 2023.
• Net cash from financing activities was Rs 433 lakh for year ended March 31, 2023.
• Closing cash and cash equivalents stood at Rs 19 lakh as of March 31, 2023.

Corporate Insolvency Resolution Process

• Company was under CIRP during the period; management was vested with Resolution Professional.
• Financial results delayed due to CIRP and approved by NCLT resolution plan.
• Figures recasted as per bank statements and information from Resolution Professional.
• Financial results prepared to comply with CIRP regulatory requirements.

Audit and Compliance

• Financial results subjected to limited review by statutory auditors.
• Audit committee reviewed and board approved results on March 28, 2026.
• Previous year figures regrouped for comparability with current period.
• Results prepared as per Indian Accounting Standards (Ind AS).

Business Operations

• Company manufactures packaging and engineering products.
• Manufacturing operations were non-operational during the reported periods.

Financial Performance

• No revenue from operations reported for quarter and nine months ended Dec 31, 2022
• Loss before tax was Rs. 169 lakhs for quarter and Rs. 837 lakhs for nine months ended Dec 31, 2022
• Loss after tax was Rs. 169 lakhs for quarter and Rs. 837 lakhs for nine months ended Dec 31, 2022
• Basic and diluted EPS was negative at (0.08) for quarter and (1.28) for nine months ended Dec 31, 2022
• Depreciation and amortisation expense was Rs. 97 lakhs for quarter and Rs. 744 lakhs for nine months ended Dec 31, 2022
• Other expenses were Rs. 75 lakhs for quarter and Rs. 93 lakhs for nine months ended Dec 31, 2022
• No finance costs or employee benefits expenses reported during the period

Balance Sheet

• Total assets stood at Rs. 17,902 lakhs as of Dec 31, 2022
• Non-current assets were Rs. 9,737 lakhs, including Rs. 3,423 lakhs in property, plant and equipment
• Current assets were Rs. 8,165 lakhs, with Rs. 4,956 lakhs in trade receivables
• Total equity was Rs. 1,250 lakhs with equity share capital of Rs. 655 lakhs
• Non-current liabilities were Rs. 1,777 lakhs, including Rs. 771 lakhs borrowings
• Current liabilities were Rs. 14,875 lakhs, including Rs. 12,411 lakhs borrowings

Cash Flow

• Net cash used in operating activities was Rs. 72 lakhs for quarter ended Dec 31, 2022
• Net cash used in investing activities was Rs. 350 lakhs for quarter ended Dec 31, 2022
• Net cash from financing activities was Rs. 418 lakhs for quarter ended Dec 31, 2022
• Closing cash and cash equivalents were Rs. 17 lakhs as of Dec 31, 2022

Operations & Other Notes

• Manufacturing activities were not operational during quarter and nine months ended Dec 31, 2022
• Company was under Corporate Insolvency Resolution Process during the period
• Financials recasted as per bank statements and information from Resolution Professional
• Company manufactures packaging and engineering products
• Financial results prepared to comply with CIRP regulatory requirements
• Limited review of financial results was completed by statutory auditors

Financial Results Approval

• Board approved standalone and consolidated financial results for quarter ended 30 Sept 2022
• Results delayed due to Corporate Insolvency Resolution Process (CIRP)
• Financial results prepared per applicable accounting standards and subject to limited review

Financial Performance Highlights

• Standalone net loss of Rs. 57 lakhs for quarter ended 30 Sept 2022
• Earnings per share stood at negative Rs. 0.09 for the quarter
• Manufacturing activities were non-operational during the quarter
• Depreciation and amortisation expense was Rs. 32 lakhs for the quarter
• Total expenses for quarter were Rs. 58 lakhs
• Consolidated results mirror standalone figures with net loss and EPS negative

Balance Sheet Highlights

• Total standalone assets as at 30 Sept 2022 were Rs. 17,934 lakhs
• Equity share capital remained Rs. 655 lakhs
• Other equity decreased to Rs. 648 lakhs as at 30 Sept 2022
• Non-current liabilities stood at Rs. 1,777 lakhs; current liabilities at Rs. 14,853 lakhs

Cash Flow Summary

• Net cash used in operating activities was Rs. 51 lakhs for quarter ended 30 Sept 2022
• Net cash used in investing activities was Rs. 175 lakhs due to fixed deposit maturity
• Net cash from financing activities was Rs. 397 lakhs mainly from short-term borrowings
• Cash and cash equivalents increased to Rs. 191 lakhs as at 30 Sept 2022

Corporate Insolvency and Compliance

• Company was under CIRP with management vested in Resolution Professional
• Resolution Plan approved by National Company Law Tribunal granted reliefs for past non-compliances
• Financial results regularize delayed compliance due to CIRP
• Figures recasted based on bank statements and prior auditors' balance sheets

Audit and Review

• Limited review of financial results conducted by statutory auditors
• Audit report placed before Board and noted without material qualifications

Financial Performance Q1 FY2023

• No income from operations reported for quarter ended June 30, 2022
• Total expenses were Rs 58 lakhs, down from Rs 279 lakhs in previous quarter
• Loss before tax was Rs 58 lakhs versus Rs 279 lakhs loss in prior quarter
• Loss after tax was Rs 58 lakhs compared to Rs 655 lakhs loss in previous quarter
• Basic and diluted EPS were negative Rs 0.09 for the quarter

Segment and Operational Status

• Manufacturing activities were not operational during the quarter
• Company operates in packaging and engineering products manufacturing

Balance Sheet Highlights

• Total assets stood at Rs 17,621 lakhs as of June 30, 2022
• Non-current assets were Rs 9,452 lakhs, current assets Rs 8,169 lakhs
• Equity capital remained Rs 655 lakhs, other equity declined to Rs 705 lakhs
• Total equity was Rs 1,361 lakhs, down from Rs 2,637 lakhs as of March 31, 2022
• Total borrowings were Rs 13,182 lakhs (non-current Rs 771 lakhs, current Rs 12,411 lakhs)

Cash Flow Summary Q1 FY2023

• Net cash used in operating activities was Rs 26 lakhs
• No cash flows from investing activities during the quarter
• Net cash from financing activities was Rs 26 lakhs from short-term borrowings
• Closing cash and cash equivalents were Rs 20 lakhs

Corporate Insolvency Resolution Process

• Company was under CIRP during the quarter, delaying financial result submission
• Resolution Plan approved by NCLT granted reliefs for past non-compliances
• Financials recasted as per bank statements and information from Resolution Professional
• Results prepared to comply with regulatory requirements related to CIRP

Audit and Compliance

• Financial results subjected to limited review by statutory auditors
• Audit Committee reviewed and Board approved results on March 28, 2026