Initiation of Corporate Insolvency Resolution Process (CIRP)

This is to inform that the Corporate Insolvency Resolution Process (CIRP) has been initiated in respect of BIL VYAPAR LIMITED (Formerly Binani Industries Limited) (The Company) by the Hon’ble National Company Law Tribunal, Kolkata Bench, pursuant to its order dated 13th November 2025, passed in C.P. (IB) No. 46/KB/2025 and the same was received on 21st November, 2025.

As per the said order, Mr. Subodh Kumar Agrawal, has been appointed as the Interim Resolution Professional (IRP) . A copy of the NCLT order is uploaded herewith for your reference.

In accordance with Section 14 of the Insolvency and Bankruptcy Code, 2016, a moratorium has come into effect from the commencement date of CIRP.

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