Solana Biofuels Ltd

AGM Details

• Held on 30 September 2026 at 3:00 PM IST in person at Anion Conference Hall, Hyderabad; e-voting available.
• E-voting period was 27–29 September 2026; ballot voting at AGM.
• Meeting duration: 3:00 PM to 3:25 PM.
• Quorum confirmed; representatives from statutory auditors present.

Resolutions

• Resolution 1: Adopt standalone financial statements for year ended March 31, 2026.
• Resolution 2: Reappoint Rahuldev Pagidipati as Director by rotation.
• Resolution 3: Reappoint Darapaneni & Co. as Statutory Auditors.

Voting Results

• Resolution 1 passed by requisite majority; 99.9978% in favour.
• Resolution 2 passed by requisite majority; 99.9978% in favour.
• Resolution 3 passed by requisite majority; 99.9978% in favour.

Dividend

• No dividend proposed or declared.

Directors & Auditors

• Director changes: Rahuldev Pagidipati reappointed.
• Auditors: Darapaneni & Co. reappointed as Statutory Auditors.

Related Party Transactions

• No material related party transactions approved.

Solana Biofuels Limited: Trading window closed from October 01, 2026 until 48 hours after the declaration of un-audited standalone results for the quarter ended September 30, 2026

Financial performance

• Revenue from operations: ₹2,134.72 lakh in the quarter (unaudited).
• Total income: ₹2,140.74 lakh; total expenses: ₹2,274.47 lakh; loss before tax ₹133.73 lakh.
• Net profit: ₹-133.73 lakh; basic/diluted EPS: ₹-0.30.
• Biofuels revenue: ₹2,124.41 lakh; Internet Services: ₹16.33 lakh; total segment revenue ₹2,140.74 lakh.

Segmental performance

• Biofuels EBITDA: ₹-8.63 lakh; Internet Services EBITDA: ₹-5.23 lakh; total EBITDA ₹-13.86 lakh.
• Biofuels EBIT: ₹-66.88 lakh; Internet Services EBIT: ₹-5.46 lakh; total EBIT ₹-72.34 lakh.

Corporate actions

• Board approved unaudited standalone results for quarter ended 30 Jun 2026 and AGM on 30 Sep 2026.

Meeting Details

• Board meeting scheduled for Friday, August 14, 2026 (time and venue not disclosed).

Key Agenda Items

• Consider and approve standalone unaudited Q1 2026 financial results (quarter ended June 30, 2026).

Other Notes

• No other material governance or financial items disclosed.

Solana Biofuels Ltd: Closure of Trading Window from July 01, 2026 until 48 hours after the declaration of un-audited standalone financial results for the quarter ended June 30, 2026

Business

• 🗒️ Solana Biofuels Limited operates biofuels and internet services businesses.
• 🗒️ The company was formerly known as Southern Online Bio Technologies Limited.

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026.

📊 Financial Performance

• Consider and approve standalone unaudited financial results for quarter and nine months ended December 31, 2025.

Board Appointments

• Two special resolutions approved for appointing Mrs. Shravya Kondapalli and Dr. Divya Sunitha Raj Burra as Independent Directors.
• Both appointments are non-executive independent directors with no promoter interest.
• Voting was unanimous with 100% in favor, zero votes against or invalid.

Shareholding and Control

• Promoter group held and voted 45,000,000 shares; no public shareholder votes recorded.
• No changes to shareholding pattern or promoter control resulted from these appointments.

Meeting Details ️

• EGM held on February 2, 2026, with 7 shareholders on record date; 5 promoters attended in person.