BIL Vyapar Limited Posts ₹1.73 Crore Pre-Tax Income
BIL Vyapar Limited – Investor Update (June 2 2026)
Introduction
BIL Vyapar Limited filed a corporate announcement on 2 June 2026 detailing the outcomes of its recent Committee of Creditors (CoC) meeting, the unaudited financial results for the quarter and year ended 31 March 2026, and a breakdown of the costs incurred under the Corporate Insolvency Resolution Process (CIRP).
1. Financial Highlights (Unaudited)
| Metric | Amount |
|---|---|
| Income (before tax) | ₹ 1.73 crore |
| Loss (stand‑alone) | ₹ 3.34 lakhs |
| Nature of income | Fixed‑deposit interest (recognised for the first time) |
| Operating status | No commercial operations; no employees at present |
| Primary expense categories | Professional/legal fees, CIRP‑related costs, filing fees |
The income figure stems solely from interest earned on a fixed deposit with BNP Paribas. All expenses relate to professional services (lawyers, consultants) and CIRP administration; there are no employee‑related costs.
2. Operational Status
- The company is non‑operational; no business activities are being carried out.
- All recorded expenses are non‑operational, i.e., professional fees, legal costs, and CIRP administration.
- No employees are currently engaged by the company.
3. Regulatory & Compliance Matters
- SEBI (LODR) Regulations: As a listed corporate debtor, BIL Vyapar Limited is required to file a Limited Review (LR) Report for the quarter. The RP (Resolution Professional) confirmed that the unaudited results will be uploaded to the stock‑exchange website, published in newspapers, and posted on the company’s website in compliance with SEBI (LODR) Act.
- The CoC approved the unaudited financial results for the quarter ended 31 Mar 2026 and the audited results for the FY 2025‑26.
- The RP was authorized to:
- Obtain the Limited Review Report from the statutory auditor.
- File the financial results with NSE, BSE, and CSE.
4. CIRP Cost Summary
4.1 Legal & Filing Expenses (selected items)
| Description | Date | Taxable Value (₹) | GST (₹) | Total (₹) |
|---|---|---|---|---|
| Legal – Pooja Agrawal (Drafting Application) | 13‑Dec‑2025 | 10,000 | 1,800 | 11,800 |
| Legal – Pooja Agrawal (Drafting Application) | 24‑Jan‑2026 | 10,000 | 1,800 | 11,800 |
| Filing Fees (multiple) | Dec 2025 – Jan 2026 | 2,600 | – | 2,600 |
| Professional Fees for filing INC‑28 | 18‑Dec‑2025 | 3,000 | – | 3,000 |
| Legal – Pooja Agrawal (Appearance Cost) | – | 5,500 | 990 | 6,490 |
| Legal – Pooja Agrawal (Appearance Cost) | – | 11,000 | 1,980 | 13,000 |
| Miscellaneous Expenses | – | 3,500 | – | 3,500 |
| IRP Fees (Nov‑Dec 2025) | – | 200,000 | 36,000 | 236,000 |
| IRP Fees (Dec 2025‑Jan 2026) | – | 200,000 | 36,000 | 236,000 |
| IRP Fees (Jan 2026) | – | 122,580.65 | 22,064.52 | 144,645.16 |
| IRP Fees (Feb 2026) | – | 21,428.57 | 3,857.14 | 25,285.71 |
| Visit to corporate office (Mumbai) | 12‑Feb‑2026 | 43,029 | – | 43,029 |
| Public‑notice ads (Financial Express & Duronto Bharta) | 13‑Feb‑2026 | 50,400 | 2,520 | 52,920 |
4.2 Additional Professional & Advisory Costs
| Description | Date | Amount (₹) |
|---|---|---|
| Advocate Shambhu Mahato – legal & travel expenses | 25‑Mar‑2026 | 5,500 |
| Advocate Muskaan Jalan – filing & travel expenses | 25‑Mar‑2026 | 5,900 |
| DCirrus e‑Voting (multiple dates) | Feb‑Mar‑2026 | 3,000 each (plus GST) |
| Mediashine PR – Form‑G addendum publication | 23‑Feb‑2026 | 17,568 |
| RP Fees (Mar‑Apr 2026) | – | 300,000 (plus GST 54,000) |
| IBBI 1 % fee | 08‑Apr‑2026 | 1,461.50 |
| Riyo Public Notice – Form A & G (multiple) | 2025‑2026 | 38,340 – 74,880 each (plus GST) |
| Registry maintenance (MUFG Intime India) | Jan‑Mar 2026 | ~31,000 each (plus GST) |
| Professional fees (HD & Associates, Rohan Antoo Kallan) | Dec 2025‑Mar 2026 | Various amounts totalling ≈ ₹ 2.76 crore (including GST) |
Note: The RP indicated that no CIRP expenses have been paid yet; bills have been shared with CoC members and a detailed cost summary will be provided subsequently.
5. Next Steps & Outlook
- Limited Review Report to be obtained from the statutory auditor and filed with the exchanges.
- Financial results (quarterly and annual) will be uploaded to NSE, BSE, and CSE portals as per SEBI (LODR) requirements.
- The CoC will receive a detailed cost summary of all CIRP‑related expenses for member review.
- No operational activities are planned until the CIRP resolution is concluded; the company remains in a stand‑by, non‑operational state.
Bottom line for investors:
BIL Vyapar Limited reported a modest pre‑tax income of ₹ 1.73 crore derived solely from fixed‑deposit interest, alongside a small loss of ₹ 3.34 lakhs. The firm is currently non‑operational with all expenses tied to professional services and CIRP administration. The company is complying with SEBI LODR filing obligations and will soon submit the required Limited Review Report and exchange filings. Investors should monitor forthcoming disclosures on the CIRP resolution and any updates on potential re‑activation of business operations.
Original Source Document
View the original exchange filing or announcement.
Frism Computing (OPC) Private Limited
#74, 15TH CROSS, JP Nagar III Phase, Bangalore South, Bangalore 560078, Karnataka