BIL Vyapar Limited Reports Rs 69.69 Lakh Loss in Q1, Re-appoints Statutory Auditors
BIL Vyapar (formerly Binani Industries) reported a net loss of Rs 69.69 lakh for Q1, up from Rs 42.43 lakh in Q4. Total income fell to Rs 0.03 lakh from Rs 2.48 lakh. The company faces accumulated losses of Rs 21,832.51 lakh and liabilities exceeding assets by Rs 18,694.02 lakh. The Board approved re-appointment of statutory auditors for five years. BIL Vyapar continues to deal with corporate guarantee issues and legal proceedings. The company is selling remaining land in Rajasthan and an immovable property in Ahmedabad.