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BIL Vyapar Limited Schedules 6th Committee of Creditors Meeting for March 13, 2026
BIL Vyapar Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced its sixth Committee of Creditors (CoC) meeting. The meeting is scheduled for March 13, 2026, to discuss matters related to the company's insolvency resolution. This follows the company's transition from its former identity as Binani Industries Limited. Investors should be aware that the outcome of these meetings will significantly dictate the company's future structure and debt obligations.
Key Highlights
The 6th meeting of the Committee of Creditors (CoC) is set for March 13, 2026.
The company is operating under the Corporate Insolvency Resolution Process (CIRP).
Disclosure is made in compliance with Regulation 30 and Schedule III of SEBI LODR Regulations.
BIL Vyapar Limited was formerly known as Binani Industries Limited (NSE: BILVYAPAR).
💼 Action for Investors
Investors should remain highly cautious as equity holders typically face significant value erosion during insolvency proceedings. Monitor subsequent filings for details on any proposed resolution plans or liquidation orders.
SBI Life Tax Demand Reduced by ₹4,846 Crore to ₹470.88 Crore Following Rectification
SBI Life Insurance has received a significant rectification order from the Income Tax Department for FY 2021-22, correcting a previously erroneous demand. The total tax and interest demand has been slashed from ₹5,317.18 crore to ₹470.88 crore after the company filed a rectification application highlighting calculation errors. This reduction of over 90% in the potential liability provides substantial financial relief. The company is continuing its appeal against the remaining demand before the Commissioner (Appeals).
Key Highlights
Total tax demand for FY 2021-22 reduced from ₹5,317.18 crore to ₹470.88 crore
Tax component specifically decreased from ₹4,286.63 crore to ₹315.84 crore
Interest component slashed from ₹1,030.55 crore to ₹155.04 crore
Rectification order issued under Section 154 of the Income Tax Act, 1961
Company maintains its appeal against the revised demand at the Commissioner Appeals level
💼 Action for Investors
This massive reduction in tax demand removes a significant financial overhang and is a major positive for the stock. Investors should continue to monitor the final resolution of the remaining ₹470.88 crore appeal.
SBI Life Seeks Approval for ₹70,900 Cr+ Related Party Transactions for FY 2026-27
SBI Life Insurance has issued a postal ballot notice seeking shareholder approval for material related party transactions (RPTs) for the upcoming financial year 2026-27. The company proposes transactions with State Bank of India (SBI) totaling ₹40,900 crore and with SBI DFHI Limited totaling ₹30,000 crore. These transactions primarily involve investment purchases and sales, premium income, and commission expenses conducted at arm's length. Shareholders can cast their votes via e-voting from March 1 to March 30, 2026.
Key Highlights
Proposed RPT with State Bank of India (SBI) capped at ₹40,900 crore for FY 2026-27.
Proposed RPT with SBI DFHI Limited capped at ₹30,000 crore for investment-related activities.
SBI transactions include ₹15,000 crore for investment purchases and ₹4,400 crore for commission expenses.
Premium income from SBI-related business is estimated at ₹6,000 crore for the fiscal year.
E-voting period is scheduled from March 1, 2026, to March 30, 2026, with results by April 2, 2026.
💼 Action for Investors
This is a routine regulatory requirement for listed companies to approve transactions with parent and group entities. Investors should note the scale of synergy with SBI, which remains a key driver for the company's distribution and investment strategy.
SBI Life Declares Interim Dividend of ₹2.70 Per Share for FY 2025-26
SBI Life Insurance has declared an interim dividend of ₹2.70 per equity share for the financial year 2025-26, which represents 27% of the face value. The company has established March 06, 2026, as the record date for determining shareholder eligibility, with the payout scheduled to be completed by March 27, 2026. Furthermore, the board is seeking shareholder approval via postal ballot for material related party transactions with State Bank of India and other group entities for the upcoming fiscal year 2026-27. This announcement underscores the company's consistent dividend policy and proactive regulatory planning for its bancassurance operations.
Key Highlights
Interim dividend of ₹2.70 per equity share declared for FY 2025-26
Record date for dividend entitlement is fixed as March 06, 2026
Dividend payment to be processed on or before March 27, 2026
Shareholder approval sought for material related party transactions with SBI and affiliates for FY 2026-27
Postal ballot e-voting period scheduled from March 01 to March 30, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the record date of March 06, 2026. The related party transactions are standard for SBI Life's business model and are unlikely to impact the stock's fundamental valuation.
SBI Life Declares Interim Dividend of ₹2.70 per Share for FY 2025-26
SBI Life Insurance Company has declared an interim dividend of ₹2.70 per equity share for the financial year 2025-26, representing a 27% payout on the face value of ₹10. The company has fixed March 06, 2026, as the record date for determining shareholder eligibility, with the payment scheduled to be completed by March 27, 2026. Furthermore, the board has initiated a postal ballot to seek approval for material related party transactions for FY 2026-27. These transactions involve major entities including State Bank of India and Yes Bank, which are critical to the company's bancassurance distribution model.
Key Highlights
Interim dividend of ₹2.70 per equity share (27% of face value) declared for FY 2025-26
Record date for dividend eligibility set for March 06, 2026
Dividend payout to shareholders to be completed on or before March 27, 2026
Shareholder approval sought for Material Related Party Transactions with SBI and Yes Bank for FY 2026-27
Postal ballot e-voting period scheduled from March 01 to March 30, 2026
💼 Action for Investors
Investors looking to benefit from the dividend should ensure they hold the stock before the ex-dividend date associated with the March 06 record date. The related party transaction approvals are routine for the company's business model and should be viewed as standard regulatory compliance.
SBI Life to Consider Interim Dividend on Feb 25; Record Date Set for March 06, 2026
SBI Life Insurance Company has scheduled a board meeting on February 25, 2026, to deliberate on the declaration of an interim dividend for the financial year 2025-26. The company has proactively fixed March 06, 2026, as the record date to identify eligible shareholders for the potential payout. In compliance with insider trading regulations, the trading window for designated persons is closed from February 21 to February 27, 2026. This move indicates the company's intent to distribute surplus cash to its shareholders.
Key Highlights
Board meeting scheduled for February 25, 2026, to consider interim dividend for FY 2025-26
Record date for dividend eligibility fixed as March 06, 2026
Trading window for insiders closed from February 21 to February 27, 2026
The dividend amount will be determined during the upcoming board meeting
💼 Action for Investors
Investors should watch for the dividend amount announcement on February 25 and ensure they hold shares before the ex-dividend date to qualify for the payout.
SBI Life Board to Consider Interim Dividend on Feb 25; Record Date Set for March 06
SBI Life Insurance Company Limited has scheduled a Board of Directors meeting on February 25, 2026, to consider and declare an interim dividend for the financial year 2025-26. The company has fixed March 06, 2026, as the record date for determining shareholder eligibility for the payout. In line with SEBI regulations, the trading window for designated persons is closed from February 21 to February 27, 2026. This announcement indicates a potential cash return to shareholders, pending board approval.
Key Highlights
Board meeting scheduled for February 25, 2026, to consider interim dividend for FY 2025-26.
Record date for determining dividend eligibility is fixed as March 06, 2026.
Trading window for insiders closed from February 21, 2026, to February 27, 2026.
The dividend declaration is subject to approval by the Board of Directors during the upcoming meeting.
💼 Action for Investors
Investors should watch for the dividend amount announcement on February 25 and ensure they hold the stock before the March 06 record date to be eligible for the payout.
SBI Life Receives Partial Relief in GST Case; Demand Reduced to ₹159.45 Crore
SBI Life Insurance has received an updated order from the GST appellate authority for FY 2018-19, providing partial relief. The total demand, which was previously ₹288.67 crore, has been reduced to ₹159.45 crore. This revised amount includes ₹63.36 crore in tax, ₹89.75 crore in interest, and ₹6.34 crore in penalty. The company has stated it will continue to contest the remaining demand by filing an appeal with the Appellate Tribunal.
Key Highlights
Total tax demand for FY 2018-19 reduced by approximately 45% to ₹159.45 crore
The original demand of ₹288.67 crore was first disclosed in April 2024
Key issues cited include ITC mismatches and non-reversal of credit on security transactions
SBI Life intends to file a further appeal against the partial demand upheld by the authority
💼 Action for Investors
Monitor the progress of the appeal in the Appellate Tribunal; while the reduction is positive, the remaining liability is still noteworthy.
BILVYAPAR Schedules 5th Committee of Creditors Meeting Under Insolvency Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, has announced the 5th meeting of its Committee of Creditors (CoC). The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated January 13, 2026. The affairs, business, and assets of the company are being managed by the Resolution Professional, Ms. Rachna Jhunjhunwala. This meeting is a critical step in the insolvency proceedings to determine the future of the company's debt and operations.
Key Highlights
5th meeting of the Committee of Creditors (CoC) convened for BIL Vyapar Limited.
Company is under Corporate Insolvency Resolution Process (CIRP) as per NCLT order dated January 13, 2026.
Resolution Professional Ms. Rachna Jhunjhunwala is currently managing all company assets and affairs.
Disclosure made in compliance with Regulation 30 and Para 16(g) of SEBI LODR Regulations.
The company was formerly known as Binani Industries Limited before its name change.
💼 Action for Investors
Investors should be extremely cautious as equity value is typically significantly impaired or wiped out during insolvency proceedings. Monitor upcoming disclosures regarding any submitted resolution plans or potential liquidation.
BIL Vyapar Reports Q3 FY26 Results Amid Insolvency; Net Worth Eroded by ₹219 Crore
BIL Vyapar Limited (formerly Binani Industries) is currently undergoing Corporate Insolvency Resolution Process (CIRP) with its board powers suspended. The company reported accumulated losses of ₹21,906.99 lakhs as of December 31, 2025, resulting in a complete erosion of its net worth. Auditors have issued a disclaimer of opinion, noting that the financial statements are prepared on a liquidation basis rather than as a going concern. The company faces significant financial distress with liabilities exceeding assets by ₹18,768.50 lakhs.
Key Highlights
Accumulated losses reached ₹21,906.99 lakhs with liabilities exceeding assets by ₹18,768.50 lakhs.
Financial statements prepared on a liquidation basis as the 'going concern' assumption is no longer valid.
Outstanding corporate guarantees of ₹8,025 lakhs and letters of comfort of ₹5,171.20 lakhs remain under dispute or litigation.
Auditors issued a Disclaimer of Opinion due to multiple accounting discrepancies and the ongoing insolvency process.
Statutory dues including GST and Income Tax have not been deposited due to the moratorium under IBC.
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency and equity value may be completely wiped out during the resolution process. The shift to liquidation-basis accounting indicates a high probability of total capital loss for retail shareholders.
BIL Vyapar Q3 Results: Net Worth Eroded, Liabilities Exceed Assets by ₹187.68 Crore
BIL Vyapar Limited (formerly Binani Industries) reported its Q3 FY26 results under the oversight of a Resolution Professional as the company is currently in the Corporate Insolvency Resolution Process (CIRP). The company's financial health is critical, with accumulated losses reaching ₹219.07 crore and a completely eroded net worth. Liabilities exceed total assets by ₹187.69 crore, leading the auditors to prepare accounts on a liquidation basis rather than a going concern. Furthermore, the auditors have issued a disclaimer of opinion due to multiple unresolved liabilities, including corporate guarantees totaling over ₹131 crore.
Key Highlights
Accumulated losses stand at ₹21,906.99 lakhs as of December 31, 2025, with net worth fully eroded.
Total liabilities exceed total assets by ₹18,768.50 lakhs, forcing the company to adopt a liquidation basis for accounting.
Auditors issued a disclaimer of opinion due to significant uncertainties regarding corporate guarantees of ₹8,025 lakhs and ₹5,171.20 lakhs.
The company is under a moratorium following the NCLT Kolkata Bench order dated November 21, 2025.
Unrecorded losses of ₹33.51 lakhs on property sales and pending statutory dues were also highlighted by the auditors.
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency and the net worth is fully eroded, suggesting minimal residual value for equity shareholders. The shift to a liquidation basis for accounting indicates a very high risk of total capital loss.
BIL Vyapar CoC Approves Resolution Professional Appointment Amid Insolvency Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, has announced the outcome of its first Committee of Creditors (CoC) meeting following its entry into the Corporate Insolvency Resolution Process (CIRP). The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional to oversee the company's affairs. Additionally, the committee ratified expenses related to public announcements and the remuneration for the Interim Resolution Professional. The company has been under the management of an insolvency professional since the NCLT order dated November 13, 2025.
Key Highlights
Company is currently under Corporate Insolvency Resolution Process (CIRP) per NCLT order dated November 13, 2025.
First CoC meeting held on December 19, 2025, with e-voting concluding on December 26, 2025.
Ms. Rachna Jhunjhunwala appointed as the Resolution Professional (RP) for the insolvency process.
CoC ratified and approved all expenses related to the public announcement and IRP remuneration under the IBC 2016.
💼 Action for Investors
Investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or delisting of the company. Monitor future disclosures regarding the resolution plan to assess any potential recovery value for shareholders.
BIL Vyapar Ltd Appoints Rachna Jhunjhunwala as Resolution Professional Amid Insolvency Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated November 13, 2025. During the first Committee of Creditors (CoC) meeting concluded on December 26, 2025, creditors approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). The CoC also ratified the remuneration for the Interim Resolution Professional and approved essential expenses related to the insolvency proceedings. This transition marks a formal step in the restructuring or liquidation process of the company under the Insolvency and Bankruptcy Code.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional approved by the CoC via e-voting on December 26, 2025.
Company entered Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated November 13, 2025.
CoC ratified and approved expenses for public announcements and other costs under the Insolvency and Bankruptcy Code 2016.
Remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal, was formally ratified by the creditors.
💼 Action for Investors
Investors should be extremely cautious as equity shareholders typically face significant value erosion or total loss during insolvency proceedings. Monitor future disclosures regarding the resolution plan to assess if any value remains for minority shareholders.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional in First CoC Meeting
BIL Vyapar Limited, formerly known as Binani Industries, has reported the outcomes of its first Committee of Creditors (CoC) meeting following its entry into the Corporate Insolvency Resolution Process (CIRP). The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP), succeeding the Interim Resolution Professional. The committee also ratified the expenses incurred for public announcements and the remuneration for the outgoing IRP. The company has been under insolvency proceedings since the NCLT order dated November 13, 2025.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional (RP) approved by the CoC.
Ratification of expenses related to Public Announcement and other IBC 2016 costs.
Approval of remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal.
Company entered CIRP following an NCLT order on November 13, 2025, with the order received on November 21, 2025.
💼 Action for Investors
Investors should be aware that the company is in insolvency, which typically results in significant risk to equity holders. Monitor the resolution process closely as equity value is often severely diluted or wiped out in final resolution plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Under CIRP
BIL Vyapar Limited, formerly Binani Industries, has announced the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). This decision was finalized following the conclusion of e-voting by the Committee of Creditors (CoC) on December 26, 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) since November 13, 2025, following an NCLT order. The CoC also ratified expenses related to public announcements and the remuneration of the outgoing Interim Resolution Professional.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) following CoC e-voting concluded on Dec 26, 2025
Company entered Corporate Insolvency Resolution Process (CIRP) via NCLT order dated Nov 13, 2025
Committee of Creditors (CoC) ratified expenses for public announcements and IRP remuneration
The first meeting of the Committee of Creditors was held on Dec 19, 2025
💼 Action for Investors
Investors should exercise extreme caution as equity value is often significantly diluted or wiped out during insolvency proceedings. Monitor the progress of the resolution plan to assess any potential recovery for stakeholders.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Following CoC Meeting
BIL Vyapar Limited (formerly Binani Industries) has reported the outcome of its first Committee of Creditors (CoC) meeting held on December 19, 2025. The CoC has officially approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP) to manage the company's insolvency process. Furthermore, the committee ratified the remuneration for the Interim Resolution Professional and approved expenses related to the insolvency proceedings initiated by the NCLT in November 2025.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) by the Committee of Creditors.
CoC ratified expenses for Public Announcement and other costs under the Insolvency and Bankruptcy Code 2016.
E-voting for the first CoC meeting concluded on December 26, 2025.
The company remains under Corporate Insolvency Resolution Process (CIRP) following a November 13, 2025, NCLT order.
💼 Action for Investors
Investors should be aware that insolvency proceedings typically result in high risk for equity holders, often leading to total loss. Avoid new positions and monitor the resolution process for any potential restructuring plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional in 1st CoC Meeting
BIL Vyapar Limited, formerly Binani Industries, has progressed in its Corporate Insolvency Resolution Process (CIRP) following its first Committee of Creditors (CoC) meeting held on December 19, 2025. Through e-voting concluded on December 26, 2025, the CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP). The committee also ratified the remuneration of the Interim Resolution Professional and approved expenses incurred for public announcements under the Insolvency and Bankruptcy Code. The company has been under CIRP since the NCLT order dated November 13, 2025.
Key Highlights
Ms. Rachna Jhunjhunwala appointed as Resolution Professional (RP) following CoC e-voting on Dec 26, 2025
Company entered CIRP following an NCLT order dated Nov 13, 2025, with the order received on Nov 21, 2025
CoC ratified and approved expenses for public announcements and other IBC-related costs
Remuneration for the Interim Resolution Professional (IRP), Mr. Subodh Kumar Agrawal, was formally ratified
💼 Action for Investors
Investors should exercise extreme caution as the company is in insolvency proceedings where equity holders typically face significant value erosion. Monitor for future updates regarding the submission and approval of any resolution plans.
BIL Vyapar Appoints Rachna Jhunjhunwala as Resolution Professional Under IBC Process
BIL Vyapar Limited, formerly Binani Industries, has concluded its first Committee of Creditors (CoC) meeting as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional, succeeding the Interim Resolution Professional. The meeting also ratified the remuneration for the IRP and expenses related to the public announcement under the Insolvency and Bankruptcy Code 2016. The company has been under the management of insolvency professionals since the NCLT order on November 13, 2025.
Key Highlights
CoC approved the appointment of Ms. Rachna Jhunjhunwala as Resolution Professional on December 26, 2025.
Ratification of remuneration for Interim Resolution Professional Mr. Subodh Kumar Agrawal.
Approval of expenses related to the Public Announcement and other IBC-mandated costs.
The company entered CIRP following an NCLT order dated November 13, 2025, with the order received on November 21, 2025.
💼 Action for Investors
Investors should exercise extreme caution as insolvency proceedings typically result in significant value erosion or total loss for equity shareholders. Monitor the resolution process for any potential restructuring plans that might impact the company's listing status.
BIL Vyapar Issues Revised Form G for CIRP; EOI Submission Deadline Feb 19, 2026
BIL Vyapar Limited, formerly known as Binani Industries, has issued a revised Form G inviting Expressions of Interest (EOI) under the Corporate Insolvency Resolution Process (CIRP). The company is currently in a distressed state, reporting zero operational revenue and only Rs. 2.51 lakh in other income for FY 2024-25. The insolvency process follows an NCLT order from November 2025, with the company currently having no employees. Prospective resolution applicants have until February 19, 2026, to submit EOIs, with final resolution plans expected by April 7, 2026.
Key Highlights
Last date for receipt of Expression of Interest (EOI) is February 19, 2026.
Final date for submission of Resolution Plans is set for April 7, 2026.
FY 2024-25 financials show zero revenue from operations and zero employees.
Company is under CIRP managed by Interim Resolution Professional Subodh Kumar Agrawal.
Provisional list of resolution applicants to be issued by February 26, 2026.
💼 Action for Investors
Equity shareholders should exercise extreme caution as insolvency proceedings often result in total capital loss or delisting. It is advisable to monitor the resolution process for any updates on the company's future viability or liquidation.
BIL Vyapar Appoints Resolution Professional in First CoC Meeting Under IBC Process
BIL Vyapar Limited, formerly known as Binani Industries Limited, has concluded its first Committee of Creditors (CoC) meeting following its admission into the Corporate Insolvency Resolution Process (CIRP). The CoC approved the appointment of Ms. Rachna Jhunjhunwala as the Resolution Professional (RP), transitioning from the interim phase. The meeting, which concluded e-voting on December 26, 2025, also ratified expenses related to the public announcement and the remuneration of the Interim Resolution Professional. This follows the NCLT order dated November 13, 2025, which placed the company under insolvency proceedings.
Key Highlights
Appointment of Ms. Rachna Jhunjhunwala as Resolution Professional (RP) approved by the CoC.
Company entered Corporate Insolvency Resolution Process (CIRP) via NCLT order dated November 13, 2025.
E-voting for the first CoC meeting concluded on December 26, 2025, ratifying IRP remuneration and public announcement costs.
The company's affairs and assets are currently managed by the resolution professional under the IBC 2016 framework.
💼 Action for Investors
Investors should be extremely cautious as equity shareholders typically face significant value erosion or total loss during insolvency proceedings. Monitor upcoming resolution plans to see if any value is preserved for minority shareholders.