BIL Vyapar Q4 FY26 results filed under CIRP, auditor gives disclaimer
BILVYAPAR · price
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BIL Vyapar filed Q4 and FY26 results under ongoing CIRP. Standalone FY26 net loss of Rs 3.34 lakh vs profit of Rs 681.19 lakh prior year. Auditor gave disclaimer of opinion citing corporate guarantee of Rs 8,025 lakh to Edayar Zinc lenders, pending land disputes, unverified asset valuations, and unrecoverable tax receivables. Net worth fully eroded at minus Rs 18,627.68 lakh; accumulated losses Rs 21,766.17 lakh. US subsidiary liquidated in April 2026. Books prepared on liquidation basis as going concern not appropriate.
Stock remains under CIRP with fully eroded net worth; outcome of insolvency process will determine shareholder recovery. Weak fundamentals add risk.