5000592026-01-012026-03-315000592026-03-315000592025-03-315000592025-04-012026-03-315000592026-01-012026-03-31in-capmkt:OtherExpenses1Member5000592025-04-012026-03-31in-capmkt:OtherExpenses1Member5000592026-03-31OtherCurrentFinancialAssetsDomain15000592026-03-31OtherCurrentFinancialLiabilitiesDomain15000592026-03-31OtherCurrentLiabilitiesDomain15000592026-01-012026-03-31AuditorDomain15000592026-01-012026-03-31in-capmkt:AuditedMember5000592026-03-31in-capmkt:AuditedMember5000592026-01-012026-03-31in-capmkt:AdjustedMember5000592026-03-31in-capmkt:AdjustedMember5000592026-01-012026-03-31AuditQualification15000592026-01-012026-03-31AuditQualification25000592026-01-012026-03-31AuditQualification35000592026-01-012026-03-31AuditQualification45000592026-01-012026-03-31AuditQualification55000592026-01-012026-03-31AuditQualification65000592026-01-012026-03-31AuditQualification7iso4217:INRiso4217:INRxbrli:shares500059BILVYAPARNOTLISTEDINE071A01013BIL Vyapar LimitedMain BoardEquity2025-04-012026-03-312026-05-292026-05-29INRLakhsQuarterlyFourth quarterSingle segmentINR2026-05-2916:00:002026-05-2919:00:00trueCash Flow IndirectStatement on impact of audit qualification2026-01-012026-03-31AuditedConsolidated01509900015099000000000101800010180001408100001408100000001408100000001408100001408100000014081000313849000100.450.45000.450.452025-04-012026-03-31AuditedConsolidated017369000173690000001210000001649300017703000-3340000-3340000000-3340000000-3340000-334000000-33400031384900010-2176619000-0.01-0.0100-0.01-0.01Other Expenses1018000Other Expenses1649300000000000005360008507900001859200010420700011459700021880400033611000252415000313849000-2176619000-1862770000-1862770000000017474900000833900083390001426040001898433000300021674900021151850002115185000252415000Other current financial assets18592000Other current financial liabilities142604000Other Current liabilities300000-186880000000008477200000000000000000000006608400065750000-67850000003434000623990000000000000000000000000000006785000000678500000000000129000000000001290000082084000082084000353100085615000AuditedDisclaimer of opinionTLB & Co.true2027-02-2817369000173690001770300017703000-334000-334000-0.01-0.01252414000252414000252414000252414000-1862770000-1862770000The Company had given Corporate Guarantees to the lenders of Edayar Zinc Limited (EZL) and Letter of Comfort / Undertaking to the lenders of BIL Infratech Limited in earlier years towards working capital facilities availed by them. The aggregate outstanding balance in respect of Edayar Zinc Limited as at March 31, 2026 amounts to INR 8,025 Lakhs (excluding interest) (March 31, 2025: INR 8,025 Lakhs).Edayar Zinc Limited (EZL), erstwhile subsidiary of the Company which ceased to be a subsidiary with effect from March 4, 2022, has entered into a One Time Settlement (OTS) with the banks. Further, Mina Ventures Private Limited has consented to replace the Corporate Guarantee provided by the Company to the bankers of EZL and has also undertaken to bear the entire present and contingent liabilities of EZL without recourse to BIL Vyapar Limited (formerly known as Binani Industries Limited).However, the lenders of EZL, namely Punjab National Bank and Punjab & Sind Bank, have filed their claims during the CIRP proceedings of the Company and the same have been admitted. Accordingly, the Corporate Guarantee provided by the Company in respect of EZL has not yet been formally released by the lenders. The consequential financial impact, if any, arising from the aforesaid matter has not been considered in the preparation of the accompanying Financial Results. Consequently, we are unable to comment upon the adjustments, obligations, liabilities or provisions, if any, that may be required in respect of the aforesaid Corporate Guarantees and the consequential impact thereof on the accompanying Financial Results. In respect of the above, the Company has maintained the provision made in respect of loss allowances amounting to Rs.2,149.10 Lakhs as at March 31, 2026, as required by Ind AS 109 (refer Note 4 of the Statement).Disclaimer of opinionRepetitiveImpact cannot be quantified.No provision is required in the accounts of the Company.The Company has made provision as mentioned in Opinion No.1.Please refer Note No. 1.We have been informed that the Company has carried out valuation of its Assets held for Sale, including Land and Buildings, in accordance with Regulation 35 of the CIRP Regulations through registered valuers. However, we have been informed that the valuation reports are confidential in nature and hence have not been shared with us. Accordingly, Land and Buildings as at March 31, 2026, continu to be carried at their book values instead of being restated to their estimated net realisable values/ values determined by the registered valuers as at that date. Consequently, we are unable to comment upon the adjustments, provisions, impairments or write-downs, if any that may be required to the carrying value of such Land and Buildings and the consequential impact thereof on the accompanying Statement.Disclaimer of opinionRepetitiveImpact cannot be quantified.Company does not see any significant loss on determination of the realisable value.No provision is required in the accounts of the company.Please refer Note No. 2.The Company had entered into an MOU with M/s Maharashtra Wood Based Industries Estate (MWBIE') on January 21, 2019 for sale of land in Wada. As per the MOU, the obligations by the buyer were to be completed within 60 days. With lapse of time, the MOU was terminated and termination letters were sent to the Party. Subsequently the land was sold to M/s Afamado Advisory Services Private Limited and the conveyance deed was executed and duly registered. MWBIE has issued a notice and filed a case (SCS265/2021) in the District Civil Court, Thane. The matter is sub-judice, hence the liability, if any cannot be determined.Disclaimer of opinionRepetitiveImpact cannot be quantified.No provision is required in the Books of the Company.The matter is sub-judice.Please refer Note No. 3.On May 22, 2025, the Company entered into agreement for sale to sell the immovable property owned by the Company in Ahmedabad. As per the Agreement for sale, the Company has sold the property at loss of Rs. 33.51 lakhs. However, the Company in the current period has not recognized Sale of the property and correspondingly not for loss on such sale. Had the Company recognised the disposal of immovable property, the Asset held for Sale would have been lower by Rs. 159.51 lakhs and loss for the year end would have increased by Rs. 33.51 lakhs (refer Note 4 of the Statement).We have been informed that: a) Parties to the sale had filed an application before the Hon'ble Bench which is reserved for order and oending for pronouncement as on the date of this Report.b. The Company has continued to record Sirohi Land in its books of account. However, based on the search report made available to us, the said land had already been sold and registered in earlier years. The consequential effect of the same has not been considered in the books of account for the financial year ended March 31, 2026. Consequently, gain/loss on sale, or other consequential impacts, if any, that may be required in the we are unable to comment upon the adjustments, derecognition, accompanying Financial Results.Disclaimer of opinionWhether appeared first timeImpact cannot be quantified.No provision is required in the Books of the Company.No provision is requiredPlease refer Note No. 4.The Company is under Corporate Insolvency Resolution Process (CIRP) pursuant to an Order of the Hon'ble Nationbal Company Law Tribunal and is currently under moratorium in accordance with Section 14 of the Insolvency and Bankruptcy Code, 2016. The accompanying Statement includes Income Tax related receivables aggregating to INR 1,145.97 lakhs. However, in the absence of adequate supporting records and reconciliations, the Company has not been able to identify and trace such receivables against the corresponding liabilities / demands and their ultimate recoverability and settlement remain uncertain and subject to the outcome of the CIRP proceedings. Further, no fresh proceedings can be initiated or continued against the Company during the moratorium period. Consequently, we are unable to comment upon the recoverability,adjustments, write-offs, provisions, if any, that may be required in respect of the aforesaid balances and the consequential impact thereof on the accompanying Statement.Disclaimer of opinionWhether appeared first timeImpact cannot be quantified.No provision is required in the Books of the Company.No provision is required.Please refer Note No. 5.We draw attention to Note 3 of the Statement, which indicates that the Company has accumulated losses of INR 21,766.17 lakhs and its net worth has fully eroded as at March 31, 2026 and the company is under CIRP. The Company's liabilities exceeded its total assets by INR 18,627.68 lakhs as at the balance sheet date. However, in the absence of any business plan, the going concern assumption is not appropriate for the preparation of the Statement of the Company as and for the period ended March 31, 2026. Accordingly, the Statement of the Company have been prepared on a liquidation basis i.e., assets are measured at lower of carrying amount and estimated net realisable value and liabilities are stated at their estimated settlement amounts.Disclaimer of opinionWhether appeared first timeImpact cannot be quantified.No provision is required in the Books of the Company.No provision is required.Please refer Note No. 6.The US subsidiary of the Company has engaged and paid consultants USD 450,000 in FY 2023-24 to identify and advise on new business opportunities for the subsidiary, of which USD 150,000 was expensed out in FY 2023-24 and balance USD 300,000 was accounted as advance, which has been expensed out in FY 2025-26 against the said advance amount. We are not able to comment on the new business plans and ways and means for funding such opportunities and businesses, if any by the subsidiary.The said subsidiary has been liquidated in April 2026. However, in the absence of adequate supporting documentation and sufficient appropriate audit evidence relating to the utilisation and recoverability of the aforesaid expenditure, the circumstances leading to liquidation of the subsidiary, and the consequential accounting impact, if any, in the consolidated financial statements, we are unable to determine whether any adjustments, disclosures, impairment, write-off or other consequential effects are required in the accompanying statement. (refer note 6 of the Statement).Disclaimer of opinionRepetitiveImpact cannot be quantified.No provision is required in the Books of the Company.No provision is required in the Books of the Company.Please refer Note No. 7.NANANARishab LodhaRachana Jhunjhunwala, Resolution Professional and Rajesh Kumar Bagri, Erstwhile Non-Executive DirectorKolkata2026-05-29