Quarterly Result30 May 2026, 05:22 pm
Solvex Edibles Approves Audited Financials for FY26
AI Summary
Solvex Edibles Ltd's board meeting on May 30, 2026, approved the audited standalone and consolidated financial results for the half-year and financial year ended March 31, 2026. The board also reviewed the statement on deviation or variation in the utilization of funds. The auditor's report included a qualified opinion due to concerns regarding the utilization of IPO funds.
Key Highlights
- Audited standalone and consolidated financial results for FY26 approved.
- Statement on deviation or variation in fund utilization reviewed.
- Auditor issued a qualified opinion on standalone financial results.
- Concerns raised about IPO fund utilization for plant and machinery.
- ₹590 lakhs from IPO proceeds credited to the company's cash credit account.
Price Impact
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