Refer attached document

Binani BRAJ BINANI GROUP Date: 14th August, 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 19th meeting of Committee of Creditors held on 14th August, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Para 16(g) of Part A of Schedule III of LODR, we hereby submit the minutes of 19th Meeting of Committee of Creditors. The Committee of Creditors noted the following agenda as stated below: 1. Unaudited Financial Results along with Limited Review Report as submitted by the Auditor of the Company for the First Quarter Ended 30th June, 2026. (Annexure 1) The Meeting commenced at 05:00 P.M. and concluded at 06:00 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 402, Embassy Centre, Nariman Point Mumbai 400 021, INDIA | +91 91379 64050 | tlb@tlbco.in Independent Auditor’s Report on Quarterly financial results of BIL Vyapar Limited (Formerly known as Binani Industries Limited) Pursuant 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) Company Insolvency Proceedings as per Insolvency and Bankruptcy Code, 2016 (IBC) In accordance with the Insolvency and Bankruptcy Code, 2016 ("the Code"), the Hon'ble National Company Law Tribunal, Kolkata Bench ("NCLT") admitted a petition for corporate insolvency resolution process ("CIRP") filed by M/s. Punjab National Bank against the Company vide its Order dated November 21, 2025. Mr. Subodh Kumar Agrawal, (IBBI/IPA- 001/IP-P00087/2017-18/10183) was appointed as an Interim Resolution Professional ("IRP") to manage the affairs of the Company in accordance with the provisions of the Code. Subsequently, the Hon'ble NCLT Order dated January 13, 2026 confirmed the appointment of Ms. Rachna Jhunjhunwala (IBBI/IPA-001/IP00389/2017-18/10707) as the Resolution Professional ("RP") of the Company. Pursuant to the Insolvency Commencement Order and in line with the provisions of the Code, the powers of the Board of Directors of the Company were suspended with effect from November 21, 2025 and the same are being exercised by the IRP / RP. As on the date of this Report, the CIRP of the Company is ongoing and the resolution plan, if any, is under evaluation by the Committee of Creditors. 1. We were engaged to review the accompanying Statement of Unaudited Financial Results of BIL Vyapar Limited (Formerly known as Binani Industries Limited) ('the Company') for the quarter ended June 30, 2026 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. This Statement, which is the responsibility of the Resolution Professional appointed under the Insolvency and Bankruptcy Code, 2016 vide Order No. IB-46/KB/2025, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “lnterim Financial Reporting” ("Ind AS 34") and other accounting principles generally accepted in India relating to the liquidation basis of accounting, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, except where disclosed. Our responsibility is to express a conclusion on the Statement based on our review. (Refer Note 3 of the Statement) 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of Company’s personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on Auditing specified under section 143(10) of the Companies Act 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Bengaluru Mumbai New Delhi Pune Hyderabad www.tlbco.in 4. Basis for Disclaimer of Conclusion 4.1 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 of June 30, 2026, amounts to INR 8,025 Lakhs (excluding interest) (March 31, 2026: 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 Corporate Insolvency Resolution Process (“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 Statement. 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 Statement. In respect of the above, the Company has maintained the provision made in respect of loss allowances amounting to INR 2,149.10 Lakhs as of June 30, 2026, as required by Ind AS 109 – ‘Financial Instruments’ (Refer Note 4 of the Statement). 4.2 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 of June 30, 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 [Showing first 8,000 characters — download PDF for full document]