Bil Vyapar Ltd

AGM details and resolutions

• AGM held on 30 September 2026 via VC/OAVM from 4:00 PM to 4:20 PM.
• Remote e-voting available 27–29 September 2026; e-voting closed at 04:20 PM.
• Resolution to adopt audited financial statements for FY ended 31 March 2026 placed before members.
• Resolution to appoint Statutory Auditor to fill casual vacancy placed before members.

CoC meeting details

• 20th meeting of the Committee of Creditors to be held on 30 September 2026.
• Issuer under CIRP: BIL Vyapar Limited (formerly Binani Industries Limited).

Bil Vyapar Limited (formerly Binani Industries Limited) Trading Window closed from 01 October 2026; shall open 48 hours after the Un-Audited Financial Result for the Second Quarter and Half Year Ended 30 September 2026 becomes generally available to the public.

Filing Status

• Consolidated results for quarter ended 30 June 2026 not submitted; standalone results only.
• Subsidiary Global Composites Holdings Inc dissolved May 21, 2026; no subsidiary as of 30 June 2026.
• Derecognised investment in the subsidiary; loss of Rs 1.50 lakhs recorded.

Book closure and AGM details

• Book closure from 24 Sep 2026 to 30 Sep 2026 for 63rd AGM on 30 Sep 2026.
• Record date fixed at 23 Sep 2026 to determine voting entitlement.
• E-voting opens 27 Sep 2026 09:00 and closes 29 Sep 2026 17:00.

AGM Details

• Date/time: 30 September 2026, 04:00 PM; VC/OAVM.
• Mode: VC/OAVM; no physical attendance.
• Record/Book closure: 24–30 September 2026.
• Remote e-voting window: 27–29 September 2026.
• Voting entitlement cut-off: 23 September 2026.
• Scrutinizer: HD And Associates.

Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Resolution 2: Appointment of RNM & Associates as Statutory Auditor to fill casual vacancy and for FY2026-27.
• Remuneration for RNM to be fixed by RP in consultation with Committee of Creditors.
• Shareholders' approval via ordinary resolution is sought for RNM appointment.

Financials (Standalone)

• Total income ₹173.69 lakh (FY2025-26, standalone).
• Profit after tax ₹-3.34 lakh (FY2025-26, standalone).
• EPS (Basic) ₹-0.0106 (standalone).
• Net worth ₹-18,627.68 lakh (standalone).
• Borrowings ₹17,474.90 lakh outstanding (standalone).
• Cash and bank balances ₹3.86 lakh; ₹850.79 lakh (bank balances).
• Assets held-for-sale ₹336.11 lakh (standalone).
• Equity share capital ₹3,138.49 lakh (standalone).
• Dividend not recommended by the Board.

Financials (Consolidated)

• Consolidated total income ₹173.69 lakh.
• Consolidated PAT ₹-3.34 lakh.
• Consolidated EPS ₹-0.01.

Regulatory status & CIRP

• Company under Corporate Insolvency Resolution Process since Nov 2025.
• Board powers suspended; Resolution Professional appointed; Committee of Creditors oversees.
• Accounts prepared on liquidation basis; going concern not considered appropriate.

Capital structure & liquidity

• Equity share capital ₹3,138.49 lakh; net worth negative ₹18,627.68 lakh.
• Total borrowings ₹17,474.90 lakh; current liabilities ₹21,151.83 lakh.
• Assets held-for-sale ₹336.11 lakh; total assets ₹2,524.14 lakh.

Audit & governance flags

• Independent Auditor’s Report contains disclaimer of opinion on Standalone and Consolidated.
• Internal controls: material weaknesses; no assured effectiveness; RP supervision acknowledged.
• Secretarial Audit: HD & Associates; compliance confirmed; no qualifications reported.

Related party transactions

• Promoter-facilitated loans: Triton Trading Private Ltd advanced ₹129.00 lakh in FY2025-26.
• Remuneration to MD & CFO: ₹3.50 lakh in FY2025-26 (Archana Shroff).
• Related party disclosures and approvals described in notes; transactions appear ordinary course.

AGM & investor information

• 63rd AGM and notice indicate through VC/OAVM; date 30 Sep 2026.
• Remote e-voting window: 27-29 Sep 2026; cut-off 23 Sep 2026.
• Notice/AGM materials available on company site; e-voting via MUFG Intime.

Outlook & risks

• Ongoing CIRP; resolution plan under evaluation by Committee of Creditors.
• Going concern risk remains; assets valued under liquidation basis; significant uncertainties persist.

Resolution plan approval

• Committee of Creditors approved the resolution plan of Fairplan Distributors Pvt Ltd.
• Outcome reported for the 17th meeting of the Committee of Creditors.