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Auditor6 Aug 2026, 05:50 pm

Bil Vyapar Ltd: Statutory Auditors TLB & Co. Resign

AI Summary

Bil Vyapar Limited (formerly Binani Industries Limited) has filed a corporate announcement regarding the resignation of its statutory auditors, TLB & Co. The auditors cited "pre-occupation with other professional commitments" as the reason for their resignation. The resignation was effective from August 04, 2026. TLB & Co. was appointed as the statutory auditor at the AGM held on September 16, 2025, and their term was scheduled to expire upon the completion of the AGM for FY 2029-30. The last audit report submitted by TLB & Co. was for the quarter and year ended March 31, 2026, dated May 29, 2026. The company has confirmed that there are no other material reasons for the resignation beyond those stated.

Key Highlights

  • Statutory auditors TLB & Co. have resigned from Bil Vyapar Ltd.
  • Reason for resignation: "pre-occupation with other professional commitments".
  • Auditors' term was set to expire after FY 2029-30 AGM.
  • Last audit report submitted was for Q4 FY26.