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BILVYAPAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BIL Vyapar Ltd (formerly Binani Industries Limited), under Corporate Insolvency Resolution Process (CIRP), held its 12th Committee of Creditors meeting on May 29, 2026. The CoC approved the Audited Financial Results (Standalone & Consolidated) for Q4 and Financial Year ended March 31, 2026, with auditors giving an unmodified opinion. However, the auditors issued disclaimer of opinion citing multiple unresolved issues: corporate guarantees of INR 8,025 Lakhs for Edayar Zinc Limited with claims admitted in CIRP; confidential asset valuations not shared with auditors; property sold but not recognized in books; and INR 1,145.97 Lakhs in uncertain income tax receivables. The company has accumulated losses of INR 21,766.17 Lakhs with fully eroded net worth, and financials have been prepared on liquidation basis rather than going concern assumption. A US subsidiary was liquidated in April 2026. Promoter Triton Trading Company has committed to provide continued operational support.
Shareholders face extreme risk as the company is in insolvency proceedings with negative equity of INR 18,627.68 Lakhs. The disclaimer of opinion by auditors highlights material uncertainty in financial reporting, and the liquidation basis of accounting suggests asset disposal is underway to settle creditors.