Bkm Industries Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board of Directors of BKM Industries Limited has reviewed and approved the unaudited financial results for the quarter and half-year period ending September 30, 2024. Notably, they fixed November 29, 2024, as the record date for significant corporate actions as per the NCLT order. This includes extinguishing shares of the erstwhile Promoters and reducing the public shareholding’s face value from ₹1 to ₹0.04, followed by a consolidation of 25 shares of ₹0.04 each into one share of ₹1. These moves are part of the company's resolution plan amid the ongoing insolvency proceedings.