NewsBIL Vyapar Limited Declares Non-Applicability of SEBI Regulation 27 for Q4 FY26 Amid Ongoing CIRPBIL Vyapar Limited Declares Non-Applicability of SEBI Regulation 27 for Q4 FY26 Amid Ongoing CIRP
BIL Vyapar Limited (formerly Binani Industries Limited) has notified BSE, NSE, and The Calcutta Stock Exchange on 06th May, 2026 that Regulation 27 of SEBI LODR Regulations, 2015 is not applicable to the company for the Fourth Quarter and Year Ended 31st March, 2026. The exemption is invoked under Regulation 15 of SEBI LODR Regulations, 2015, owing to the company's ongoing Corporate Insolvency Resolution Process. Ms. Rachana Jhunjhunwala was appointed as Resolution Professional with effect from 13th January, 2026. The disclosure was filed by Company Secretary and Compliance Officer Daman Preet Kaur.
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BIL Vyapar Limited (formerly known as Binani Industries Limited) has notified the stock exchanges of the non-applicability of Regulation 27 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Fourth Quarter and Year Ended 31st March, 2026. The disclosure, filed on 06th May, 2026, is pursuant to the company's ongoing Corporate Insolvency Resolution Process (CIRP).
Regulatory Exemption Under CIRP
The company has stated that in accordance with Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 27 — which pertains to corporate governance compliance requirements — is not applicable to BIL Vyapar Limited for the quarter and year under review. This exemption is directly linked to the company's status as a company undergoing CIRP.
The key details of the disclosure are summarised below:
| Parameter: | Details |
|---|---|
| Company Name: | BIL Vyapar Limited (formerly Binani Industries Limited) |
| Disclosure Date: | 06th May, 2026 |
| Regulation Cited: | Regulation 15, SEBI LODR Regulations, 2015 |
| Regulation Not Applicable: | Regulation 27, SEBI LODR Regulations, 2015 |
| Period of Non-Applicability: | Fourth Quarter and Year Ended 31st March, 2026 |
| Resolution Professional: | Ms. Rachana Jhunjhunwala |
| RP Appointment Effective Date: | 13th January, 2026 |
| Compliance Officer: | Daman Preet Kaur, Company Secretary Cum Compliance Officer |
Resolution Professional Appointment
Ms. Rachana Jhunjhunwala was appointed as the Resolution Professional of BIL Vyapar Limited with effect from 13th January, 2026. The company is currently operating under CIRP, and all regulatory disclosures are being made in accordance with the applicable provisions governing companies under insolvency proceedings.
Exchange Notification
The disclosure was addressed to BSE Limited, the National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited. The communication was signed by Daman Preet Kaur, Company Secretary Cum Compliance Officer of BIL Vyapar Limited (formerly known as Binani Industries Limited) under CIRP, and the exchanges have been requested to take the same on record.
Historical Stock Returns for Bil Vyapar
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.82% | -10.27% | -20.30% | -39.03% | -70.48% | -62.46% |
What is the likely timeline for BIL Vyapar Limited's CIRP resolution, and are there any potential bidders or resolution applicants who have expressed interest in acquiring the company?
How might the ongoing CIRP affect BIL Vyapar Limited's ability to maintain its stock exchange listings, and could the company face delisting risks if insolvency proceedings are prolonged?
What are the key assets and liabilities under Ms. Rachana Jhunjhunwala's management as Resolution Professional, and how will these influence the eventual resolution plan's attractiveness to potential acquirers?
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