BIL Vyapar has fixed September 23, 2026 as the record date for its 63rd Annual General Meeting. The meeting is scheduled for September 30 to adopt FY26 results.

The company will close its register of members and share transfer books from September 24 to September 30, 2026. This closure ensures accurate determination of voting rights for shareholders eligible to participate in the AGM.

E-Voting Details

Shareholders can exercise their votes electronically for all resolutions set forth in the notice. The e-voting period commences on Sunday, September 27, 2026 at 9:00 am and ends on Tuesday, September 29, 2026 at 5:00 pm. Both days are inclusive for the voting window.

Corporate Insolvency Context

The company is currently undergoing the Corporate Insolvency Resolution Process. The NCLT admitted a Section 7 application filed by Punjab National Bank on November 13, 2025. Under Section 17 of the IBC, management powers vest with the Resolution Professional, while the Board of Directors’ powers remain suspended.

The Resolution Professional, Ms. Rachana Jhunjhunwala, is convening the meeting in compliance with the Companies Act, 2013, SEBI LODR Regulations, and the Insolvency and Bankruptcy Code, 2016. She replaced Interim Resolution Professional Mr. Subodh Kumar Agrawal following an order by the National Company Law Tribunal, Kolkata Bench, on January 13, 2026.

The Resolution Professional has relied on management assistance and director certifications for the report, approving it only to discharge Board powers conferred by the Code.

Agenda Items

Shareholders will consider ordinary business items including:

• Adoption of Standalone and Consolidated Audited Financial Statements for the year ended March 31, 2026, along with Board and Auditor reports.
• Appointment of M/s. RNM & Associates as Statutory Auditors for FY27 to fill the casual vacancy caused by the resignation of M/s. TLB & Co.

The notice is available on the company website and has been sent to shareholders via registered email.

BIL Vyapar has accepted the resignation of its statutory auditor, TLB & Co., effective August 04, 2026, following the firm’s citation of pre-occupation with other professional commitments. The outgoing auditor confirmed in a disclosure filed under SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, that there were no material concerns, audit qualifications, or management-imposed limitations that hindered the audit process. This transition occurs while the company remains under the Corporate Insolvency Resolution Process (CIRP) as per an NCLT Kolkata Bench order dated November 21, 2025.

TLB & Co., headquartered at Embassy Centre, Nariman Point, Mumbai, had been appointed as statutory auditor during the Annual General Meeting held on September 16, 2025. Their term was scheduled to expire upon the completion of the AGM for FY2030. Prior to resignation, the firm submitted its latest audit report for the quarter and year ended March 31, 2026, on May 29, 2026. Partner Abuali Darukhanawala signed the resignation declaration on August 06, 2026, affirming that the information provided was complete and that no other material reasons existed for the firm’s departure.

Auditor Transition Details

The Committee of Creditors appointed RNM & Associates as the new Statutory Auditor effective August 04, 2026, during a meeting held on that date. RNM & Associates, based in Lucknow with branch offices across India, will serve as statutory auditor subject to ratification by members at the ensuing Annual General Meeting. The company notified the National Stock Exchange of India Limited (code: BIILVYAPAR), BSE Limited (code: 500059), and Calcutta Stock Exchange Limited (code: 12026) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

What the Numbers Show

The resignation of TLB & Co. is a procedural update within the ongoing CIRP framework rather than a signal of financial distress or audit dispute. The explicit confirmation of "NIL" concerns regarding information availability and audit evidence suggests a routine administrative shift driven by capacity constraints. Investors should note that RNM & Associates’ appointment remains contingent on shareholder approval at the next AGM, maintaining standard corporate governance protocols despite the insolvency proceedings.