BIL VYAPAR LIMITED has informed the Exchange regarding Outcome of Meeting of Committee of Creditors held on Friday, 13th February, 2026
BILVYAPAR · price
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BIL Vyapar Limited's Committee of Creditors, in a meeting on February 13, 2026, approved the standalone and consolidated unaudited financial results for Q3 and nine months ended December 31, 2025, under the supervision of the newly appointed Resolution Professional, Ms. Rachna Jhunjhunwala. The company is undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Kolkata order dated November 13, 2025 (received November 21, 2025), and the Board of Directors' powers remain suspended. The results reveal a deeply distressed financial position, with accumulated losses of Rs 21,906.99 lakhs, a fully eroded net worth, and liabilities exceeding total assets by Rs 18,768.50 lakhs, prompting the auditor to issue a disclaimer and the company to prepare results on a liquidation basis. The 9-month period recorded a loss after tax of Rs 144.15 lakhs on total income of Rs 2,270 lakhs, with significant contingent liabilities tied to erstwhile subsidiaries Edayar Zinc (Rs 8,025 lakhs) and BIL Infratech (Rs 5,171.20 lakhs), and ongoing legal disputes with Punjab National Bank and tax authorities.
This filing confirms the company is in active insolvency proceedings with no viable business plan, meaning shareholder value is at substantial risk and the stock remains a distressed asset. The replacement of the Interim Resolution Professional with a new RP and the auditor's disclaimer on results signal further uncertainty, with potential outcomes for equity holders ranging from near-total loss to minimal recovery depending on the eventual CIRP resolution.