Solvex Edibles Ltd

Solvex Edibles Ltd has submitted an intimation regarding the distribution of its Integrated Annual Report and the Notice for its 13th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled for September 30, 2026, at 1:00 p.m. IST, to be held via Video Conference. For members whose email addresses are not registered, the company has sent a letter providing a web-link to access the report and AGM notice, in compliance with SEBI Listing Regulations. The e-voting period for the AGM will be from September 27 to September 29, 2026.

Solvex Edibles Ltd has submitted its Annual Report for the Financial Year 2025-26 and the Notice for its 13th Annual General Meeting (AGM). The AGM is scheduled for September 30, 2026, at 1:00 p.m. IST, to be conducted via Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The filing includes the adoption of audited standalone and consolidated financial statements for FY26, along with the Directors' and Auditors' reports. Both the Annual Report and AGM Notice are available on the company's investor relations website.

Solvex Edibles Ltd has announced its 13th Annual General Meeting (AGM) to be held on September 30, 2026, at 1:00 p.m. IST via Video Conferencing/Other Audio Visual Means. The agenda includes the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with Directors' and Auditors' reports. Additionally, the reappointment of Mr. Vishal Goel as a Whole-time Director, liable to retire by rotation, will be considered. The meeting will also seek to ratify the appointment of CS Manoj Kumar Agarwal as Secretarial Auditor for a term of five consecutive years (FY2025-26 to FY2029-30) and fix his remuneration.

Solvex Edibles Ltd held a board meeting on September 2, 2026, approving key corporate actions. The Board approved the Board's Report and Management Discussion and Analysis for FY 2025-26. The 13th Annual General Meeting (AGM) is scheduled for September 30, 2026, to be held via VC/OAVM. A cut-off date of September 23, 2026, was fixed for voting eligibility. CDSL was appointed as the e-voting agency, and CS Manoj Kumar Agarwal as the scrutinizer. The re-appointment of Mr. Vishal Goel as Director was approved, along with enhancements to Related Party Transaction limits with M/s Unity Enterprises and M/s Golden Pearl Oil Products LLP, both up to ₹20 Crore, subject to shareholder approval. Managerial remuneration for Mr. Ashish Goel and Mr. Rohit Gupta was approved at ₹9,00,000 per annum each, and remuneration for Mrs. Rashika Gupta for FY 2025-26 was ratified.

Solvex Edibles Ltd has announced a Board of Directors meeting scheduled for September 2, 2026. The meeting will address several key agenda items including the election of the Chairman, granting leave of absence, and noting the quorum and minutes of the previous meeting. A significant focus will be on approving the Board's Report for the financial year ended March 31, 2026. The board will also fix the date, time, venue, and mode for the upcoming 13th Annual General Meeting (AGM), including setting the cut-off date for remote e-voting and approving the appointment of the e-voting agency and a scrutinizer. Additionally, the meeting will consider the re-appointment of retiring directors and the enhancement of related party transaction limits with M/s Unity Enterprises and M/s Golden Pearl Oil Products LLP. The payment/continuation of managerial remuneration for key directors, Mr. Ashish Goel, Mr. Rohit Gupta, and Mrs. Rashika Gupta, will also be considered.

Solvex Edibles Ltd has announced the appointment of M/s NBG & CO., Chartered Accountants, as its Internal Auditor for the Financial Year 2026-27. The decision was approved by the Board of Directors at a meeting held on July 28, 2026, following a recommendation from the Audit Committee. NBG & CO. is a chartered accountancy firm established in November 2012, with offices in Kichha and Rudrapur, bringing extensive experience in audit, taxation, and corporate compliance across various industries. This appointment is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Solvex Edibles Ltd has commented on a fine levied by the exchange for delayed compliance with SEBI (LODR) Regulations, 2015, specifically Regulation 33 concerning the submission of financial results. The company acknowledged receiving a communication regarding the delayed compliance for the Mar-26 quarter/year. The Board of Directors noted the issue, ratified the management's action of paying ₹94,400 (including GST) to conclude the matter, and directed management to implement corrective measures to strengthen the compliance monitoring mechanism. The matter is now considered concluded.

Solvex Edibles Ltd has submitted a clarification letter regarding an inadvertent oversight in its corporate governance filing for the quarter ended March 31, 2026. The company, listed on the BSE SME Platform, mistakenly indicated applicability of certain SEBI (LODR) Regulations, 2015, when these are not applicable to SME-listed entities as per Regulation 15(2)(b). The error occurred during the XBRL submission where the corporate governance applicability option was incorrectly selected as 'Yes'. Solvex Edibles has since filed a revised XBRL submission along with a Non-Applicability Certificate on July 20, 2026, and requests the exchange to update its records.

Solvex Edibles Ltd's material subsidiary, SHREE OILS AND FATS PRIVATE LIMITED, has approved significant changes in its board meeting held on June 26, 2026. These include the conversion of unsecured loans into equity or preference shares, adoption of a new Memorandum & Articles of Association, and alteration of the object clause to include share trading, investment activities, and dealing in securities and bullions. These changes aim to align the subsidiary's business objectives with its strategic expansion plans, subject to regulatory approvals.

Solvex Edibles Ltd has filed a statement detailing the impact of audit qualifications for its financial results for the year ended March 31, 2026. The Board approved the Audited Standalone & Consolidated Financial Results on May 30, 2026, which received a modified (qualified) audit opinion. Key qualifications include the auditors' inability to obtain sufficient evidence regarding the utilization of ₹830.99 Lakhs in IPO proceeds for plant and machinery, including advances to a subsidiary LLP. Additionally, the company did not recognize employee benefit obligations (gratuity, leave encashment) as per AS-15 due to the absence of actuarial valuation, nor did it provide for interest payable on dues to Micro and Small Enterprises under the MSMED Act, 2006. The financial impact of these qualifications could not be determined by the auditors. Management states the impact is presently not ascertainable or quantifiable, attributing it to documentation issues and ongoing processes to collate data for valuations and vendor reviews.