BIL Vyapar Limited has announced a key management appointment, naming Ms. Daman Preet Kaur as its new Company Secretary cum Compliance Officer and Key Managerial Personnel. The appointment, effective from February 13, 2026, represents an important step in the company's ongoing corporate restructuring process.

Appointment Details

The Committee of Creditors approved Ms. Kaur's appointment during their meeting held on February 13, 2026. Her formal acceptance of the position was received on February 19, 2026. The company disclosed this information to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Ms. Daman Preet Kaur brings professional credentials to her new role as a qualified Company Secretary from the Institute of Company Secretaries of India, holding ACS number A41941. Her appointment fills a crucial compliance and secretarial function for the company during its current phase of operations.

Corporate Status

BIL Vyapar Limited, formerly known as Binani Industries Limited, is currently operating under the Corporate Insolvency Resolution Process (CIRP). The company is being managed by Resolution Professional Ms. Rachana Jhunjhunwala, who holds IBBI registration number IBBI/IPA-OOI/IP-P00389/2017-18/10707.

Regulatory Compliance

The appointment disclosure was made to multiple stock exchanges where the company's securities are listed:

• BSE Limited: Scrip Code 500059
• National Stock Exchange of India Limited: Symbol BILVYAPAR
• The Calcutta Stock Exchange Limited: Code 12026

The disclosure follows SEBI Master Circular requirements and was made pursuant to SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance for the change in key managerial personnel.

BIL Vyapar Limited has formally notified stock exchanges about its upcoming fifth Committee of Creditors meeting, scheduled for February 19, 2026. The announcement was made in compliance with regulatory disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Insolvency Resolution Process Status

The company, formerly known as Binani Industries Limited, is currently operating under the Corporate Insolvency Resolution Process (CIRP). Ms. Rachna Jhunjhunwala serves as the Resolution Professional, managing the company's affairs, business operations, and assets during this period.

Regulatory Compliance and Disclosure

The meeting notification was submitted to multiple stock exchanges where the company's shares are listed. The disclosure was made pursuant to Regulation 30 of SEBI LODR and in accordance with Para 16(g) of Part A of Schedule III of the listing regulations.

Stock Exchange Details

Company Information

BIL Vyapar Limited operates under CIN L24117WB1962PLC025584 and maintains its corporate office at Mercantile Chambers, 12, J. N. Heredia Marg, Ballard Estate, Mumbai 400001. The company's transformation from Binani Industries Limited reflects its current restructuring phase under the insolvency resolution framework.

The Committee of Creditors meeting represents a crucial step in the ongoing resolution process, where creditors will deliberate on matters related to the company's revival and debt resolution strategies. The appointment of the Resolution Professional follows the provisions of the Insolvency and Bankruptcy Code, 2016, ensuring professional management during the resolution period.