BIL VYAPAR LIMITED has informed regarding Non Applicability of Corporate Governance
BILVYAPAR · price
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BIL Vyapar Limited (formerly Binani Industries Limited), listed on BSE (500059), CSE, and NSE (BILVYAPAR), has notified exchanges that Regulation 27 of the SEBI Listing Regulations does not apply to the company for Q4 and the financial year ended 31st March 2026. The company is currently under Corporate Insolvency Resolution Process (CIRP). Ms. Rachana Jhunjhunwala was appointed as the Resolution Professional with effect from 13th January 2026. The company is being managed under CIRP, which exempts it from certain corporate governance and disclosure requirements under Regulation 15 of SEBI LODR.
The stock remains listed but operates under insolvency proceedings. Regular governance disclosures including quarterly financial results may not be required. Shareholders should note the company is under bankruptcy proceedings with a Resolution Professional overseeing operations.