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BILVYAPAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BIL Vyapar Limited (formerly Binani Industries Limited), under Corporate Insolvency Resolution Process (CIRP) since NCLT order, held its 12th Committee of Creditors meeting on May 29, 2026, where the CoC approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The auditors issued disclaimers of opinion citing multiple uncertainties including unreleased corporate guarantees of INR 8,025 Lakhs for Edayar Zinc Limited (claims admitted in CIRP), confidential asset valuations not shared, pending litigation (MWBIE case), unrecognized property sale loss of Rs. 33.51 Lakhs, and uncertain income tax receivables of Rs. 1,145.97 Lakhs. Despite this, the auditors confirmed an unmodified opinion. The company reported total revenue of Rs. 681.19 Lacs, accumulated losses of Rs. 21,766.17 Lacs with fully eroded net worth, and total assets of Rs. 2,524.14 Lacs against borrowings of Rs. 17,474.90 Lacs. Financial statements are prepared on liquidation basis rather than going concern, indicating asset dissolution rather than business continuation.
The stock remains highly speculative as the company is in insolvency proceedings with negative equity of Rs. 18,627.68 Lakhs. Shareholders face extreme risk as the resolution process continues under the Resolution Professional with no confirmed resolution plan or recovery path yet established.