BIL VYAPAR LIMITED has informed the Exchange regarding Outcome of Committee Meeting held on May 29, 2026.
BILVYAPAR · price
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BIL Vyapar Limited, formerly Binani Industries Limited, is under Corporate Insolvency Resolution Process (CIRP) following NCLT order dated November 21, 2025. The Committee of Creditors (CoC) in its 12th meeting on May 29, 2026 approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The auditors issued a disclaimer of opinion on both sets of results due to multiple material uncertainties. Key concerns include corporate guarantees of INR 8,025 lakhs for Edayar Zinc Limited, land and building assets carried at book values without fair valuation, pending litigation over Wada land, and Ahmedabad property sale not properly recognized. The company reported accumulated losses of INR 21,766.17 lakhs with fully eroded net worth, and financials were prepared on a liquidation basis rather than going concern basis.
This is a highly distressed company under insolvency proceedings with disclaimer audits highlighting significant accounting uncertainties. Shareholders face extreme risk as the company is being wound down under CIRP with no going concern assumption. The stock is essentially a speculative bet on asset sale proceeds after creditor settlements.