Q2 FY26 results: losses widen, auditor flags going concern, liquidation basis adopted

Going-concern doubtEmphasis of matterNet loss reportedContingent liabilities increasedNegative operating cash flowResults View source PDF Explain this filing

BILVYAPAR · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹11.20

prior close

₹11.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-1.4% vs market

Holding Company peers, median of 13sector+2.2%-2.6% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.6 pts less than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+0.9-1.4+2.2-2.6

Next day

-1.8+0.8-2.6+2.3-4.1

+0.8+0.7+0.1+3.0-2.2

+0.4+1.3-0.9+1.7-1.3

-1.8+0.5-2.3-0.2-1.5

-0.5+0.4-0.9+0.3-0.8

-4.5-1.5-3.0-1.9-2.5

15d

-36.5-2.4-34.1-0.4-36.1

-33.3-4.4-28.9-4.6-28.7

-36.4-7.2-29.2-6.7-29.8

-35.7-5.0-30.7-3.9-31.8

UpDownMarket · Nifty Microcap 250Sector · Holding Company peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BIL Vyapar reported Q2 FY26 standalone net loss of Rs 80.55 lakh versus Rs 54.50 lakh loss a year ago. Half year loss widened to Rs 150.24 lakh. Revenue remains negligible at Rs 0.02 lakh. Auditor V.P. Thacker has flagged serious going concern doubts, noting accumulated losses of Rs 21,913 lakh have fully eroded net worth and liabilities exceed assets by Rs 18,775 lakh. Financials have been prepared on a liquidation basis. Major contingencies include corporate guarantees of Rs 8,025 lakh, letter of comfort of Rs 5,165 lakh for a subsidiary, and income tax demands totalling Rs 11,109 lakh.

Likely market impact

Serious going concern risk. Financials on liquidation basis, net worth fully eroded. Promoter support assumed but no business plan. High shareholder risk.