BIL VYAPAR LIMITED has informed the exchange about Outcome of Committee of Creditors

BIL Vyapar Limited (formerly Binani Industries Limited) is under Corporate Insolvency Resolution Process (CIRP) following an NCLT order. The Committee of Creditors (CoC) approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The auditors issued a disclaimer of opinion citing multiple material uncertainties: corporate guarantees of INR 8,025 Lakhs for Edayar Zinc Limited, confidential asset valuations not shared, disputed land sales, and INR 1,145.97 Lakhs of income tax receivables with uncertain recoverability. The company has accumulated losses of INR 21,766.17 Lakhs with fully eroded net worth and negative equity of INR 18,627.68 Lakhs. Financial statements were prepared on a liquidation basis as going concern assumption is not appropriate. A US subsidiary was liquidated in April 2026.