Binani Industries Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
BILVYAPAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Binani Industries' Board, at its May 19, 2025 meeting, approved the audited standalone and consolidated financial results for Q4 and FY25. On a standalone basis, the company reported a profit after tax of Rs. 681.19 lakhs for FY25 versus a loss of Rs. 584.06 lakhs in FY24, but this was largely due to a one-time exceptional write-back of Rs. 869.55 lakhs. Total income from operations was just Rs. 2.51 lakhs (FY24: Rs. 28.33 lakhs), with EPS of Rs. 2.17. The auditor (V.P. Thacker & Co.) issued a qualified opinion, flagging that the company's net worth has fully eroded (accumulated losses of Rs. 21,762.84 lakhs) and liabilities exceed total assets by Rs. 18,624.35 lakhs. Consequently, the results have been prepared on a liquidation basis, not as a going concern. The company also faces pending matters including a NCLT hearing on July 3, 2025 (Punjab National Bank recovery case against erstwhile subsidiary BIL Infratech) and corporate guarantee exposure of Rs. 8,025 lakhs to Edayar Zinc Ltd.
Negative for shareholders — the company is effectively in wind-down mode with fully eroded net worth, a qualified audit opinion, and financials prepared on liquidation basis. The headline profit is driven entirely by a one-time write-back, not core operations, signaling weak business viability and elevated risk for equity holders.