BIL VYAPAR LIMITED — Board Meeting, 08-08-2025: Outcome of Board Meeting

Binani (formerly Binani Industries) announced its Q1 financial results, reporting a consolidated net loss of Rs. 0.70 Cr. The company's accumulated losses now stand at Rs. 218.33 Cr, completely eroding its net worth, with liabilities exceeding assets by Rs. 186.94 Cr. Notably, results are prepared on a liquidation basis due to the absence of a business plan, despite promoter commitment for operational support. The board also approved the re-appointment of M/s. V.P. Thacker & Co. as statutory auditors for a second 5-year term, pending shareholder approval. This reflects the severe financial challenges Binani faces.