BIL Vyapar Declares Unaudited Q1 FY27 Financial Results

BIL Vyapar Limited (formerly Binani Industries Limited) has submitted its unaudited financial results for the first quarter ended June 30, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated November 21, 2025. The auditor's report highlights significant uncertainties and disclaimers due to ongoing legal proceedings, potential liabilities from corporate guarantees, valuation issues of assets held for sale, and disputes over property sales. The company's net worth has been fully eroded, and liabilities exceed assets, leading to the preparation of financial statements on a liquidation basis.