Updates

Binani BRAJ BINANI GROUP Date: 29th May, 2026 BSE Limited, National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Mumbai- 400001. Plot No. C/1, G Block, Scrip Code: 500059 Bandra Kurla Complex, Bandra (East), Mumbai- 400051 NSE Symbol: BILVYAPAR The Secretary The Calcutta Stock Exchange Limited, 7, Lyons Range, Kolkata- 700001 Code: 12026 Sub: Outcome of 12th meeting of Committee of Creditors held on Friday, 29th May, 2026. Dear Sir/Madam, In terms of Regulation 30 read with part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), we wish to inform you that, Committee of Creditors (CoC) in their meeting held today i.e. 29th May, 2026 has interalia considered and approved the following: 1. Audited Financial Results (Standalone & Consolidated) along with Audit Report as submitted by the statutory auditor of the Company for the Fourth Quarter and Financial Year Ended 31st March, 2026. Accordingly, the Audited Financial Results (Standalone & Consolidated) along with Audit Report for the Fourth Quarter and Financial Year Ended 31st March, 2026 are attached herewith as “Annexure I". Further, in terms of Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Auditors have given an unmodified opinion on the audited financial results for the year ended 31st March, 2026. The Meeting commenced at 04:00 P.M. and concluded at 07:00 P.M. For BIL Vyapar Limited (Formerly known as Binani Industries Limited) under CIRP Daman Preet Kaur Company Secretary cum Compliance Officer BIL Vyapar Limited (Formerly Known as Binani Industries Limited) CIN: L24117WB1962PLC025584 Corporate Office: Mercantile Chambers, 12, J. N. Heredia Marg, Ballard, Estate, Mumbai 400 001, India. Tel: +91 22 4126 3000 1 01 I Email: mumbai@binani.net I www.binaniindustries.com and Year to Date results of BIL Vyapar LimitedPursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Resolution Professional BIL Vyapar Limited (Formerly known as Binani Industries Limited) (A Company under Corporate Insolvency Resolution Process vide NCLT order) Disclaimer ofOpinion and Conclusion We were engagedto(a) audit the Standalone Financial Results for the year ended March31, 2026 quarter ended March 31, 2026 Results for the Quarter and Year ended March 31, 2026 of BIL Vyapar Limited (Formerly known as Binani Industries Limited) mitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure (a) Disclaimer ofOpinion on Annual Standalone Financial Results In our opinion and to the best of our information and according to the explanations given to us, on account of the substantive nature and significance of the matters described in ain sufficient appropriate audit evidence to provide a basis for an audit opinion on the accompanying Statement. Accordingly, we do not express an opinion on whether the accompanying Statement has been prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India relating to the liquidation basis of accounting, and whether the Statement has disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or whether it contains any material misstatement. (b) Disclaimer ofConclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2026 With respect to the Standalone Financial Results for the quarter ended March 31, 2026, appropriate evidence to provide a basis for a review conclusion on the accompanying Standalone Financial Results. Accordingly, we do not express a conclusion on whether the Standalone Financial Results for the quarter ended March 31, 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India relating to the liquidation basis of accounting, have disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or whether they contain any material misstatement. Basis for Disclaimer ofOpinion We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("the ICAI") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. 1. The 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). 2. We havebeen informed that the Company has carried out valuation of its AssetsHeld 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, Landand Buildings as at March 31, 2026,continue 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 [Showing first 8,000 characters — download PDF for full document]