BIL VYAPAR LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
BILVYAPAR · price
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BIL Vyapar Limited (formerly Binani Industries Limited) has submitted its audited financial results for Q4 and FY ended March 31, 2026, approved by the Committee of Creditors on May 29, 2026. The company is under Corporate Insolvency Resolution Process (CIRP) as per NCLT order dated November 21, 2025, with the Resolution Professional overseeing operations. The auditors issued a disclaimer of opinion citing multiple uncertainties: outstanding corporate guarantees of Rs. 8,025 Lakhs for Edayar Zinc Limited, unresolved land sale transactions, and inability to verify asset valuations. The company reported standalone net loss of Rs. 3.34 Lakhs for FY2026, with accumulated losses of Rs. 2,176.62 Lakhs and negative net worth of Rs. 1,862.77 Lakhs. Total assets stand at Rs. 252.41 Lakhs against borrowings of Rs. 1,747.49 Lakhs. The financial statements were prepared on a liquidation basis as going concern assumption is not appropriate.
This is a highly distressed filing. The company is in insolvency proceedings with eroded net worth and disclaimer of opinion signals significant accounting uncertainties. Shareholders face potential total loss as the resolution process determines future outcome. The stock remains speculative and high-risk given the negative equity and ongoing CIRP.