Solvex Edibles Ltd

Secretarial Auditor appointment

• Change: Appointment of Secretarial Auditor.
• Appointee: CS Manoj Kumar Agarwal, Proprietor, M/s M. Agarwal & Associates.
• Role: Secretarial Auditor for FY 2025-26 to 2029-30.
• Appointment date: 30 September 2026.
• Term: April 1, 2025 to March 31, 2030.
• Reason: Members approved appointment.
• Firm profile: M/s M. Agarwal & Associates; established 2004.
• Disclosure: No relationships with directors.

AGM Details

• AGM held on 30 September 2026 through Video Conference (VC) / OAVM.
• Meeting started at 1:00 PM and concluded at 1:17 PM IST.

Resolutions (ordinary and special)

• Item 1: Adoption of audited standalone financial statements, Directors' Report, and Auditors' Report.
• Item 2: Adoption of audited consolidated financial statements and Auditors' Report.
• Item 3: Re-appointment of director liable to retire by rotation.
• Item 4: Ratify appointment of CS Manoj Kumar Agarwal as Secretarial Auditor for five years; remuneration to be fixed.
• Item 5: Material related party transaction with Unity Enterprises.
• Item 6: Material related party transaction with Golden Pearl Oil Products LLP.
• Item 7: Remuneration payable to Rashika Gupta, Non-Executive Director, for FY 2025-26.

Voting Outcome

• Item 1: Passed, subject to requisite majority of votes.
• Item 2: Passed, subject to requisite majority of votes.
• Item 3: Passed, subject to requisite majority of votes.
• Item 4: Passed, subject to requisite majority of votes.
• Item 5: Passed, subject to requisite majority of votes.
• Item 6: Passed, subject to requisite majority of votes.
• Item 7: Passed, subject to requisite majority of votes.

Appointments & Remuneration

• Secretarial Auditor appointed for five-year term; remuneration to be fixed.
• Remuneration for Rashika Gupta approved for FY 2025-26.

Related Party Transactions

• Material related party transaction with Unity Enterprises.
• Material related party transaction with Golden Pearl Oil Products LLP.

Solvex Edibles Ltd: Trading Window closed from 1 October 2026 till 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the half year ended 30 September 2026

AGM notice and e-voting details

• 13th AGM scheduled for 30 September 2026 at 1:00 PM IST via video conferencing.
• Integrated Annual Report and AGM Notice for FY25-26 accessible online at the provided link.
• Cut-off date for remote e-voting is 23 September 2026.
• E-voting window: 27 Sep 2026, 09:00 IST to 29 Sep 2026, 17:00 IST.
• Letters were sent to members without registered emails with access link to the annual report and AGM notice.

Financial performance

• Standalone revenue 6,667.48 Lakhs, down from 7,470.61 Lakhs in FY25.
• Standalone PAT: (12.57) Lakhs; PBT 67.39 Lakhs; current tax 16.98, prior 63.00.
• Consolidated revenue 15,425.61 Lakhs; PAT 7.10 Lakhs; PBT 121.14 Lakhs; basic EPS 0.09.
• Standalone EPS: (0.16); FY25 EPS 4.36.

IPO funds and capital structure

• IPO proceeds of 1,886.98 Lakhs allocated; utilized 1,303.61; unutilized 583.37.
• IPO shares: 26,20,800 at Rs72; listed on BSE SME on 29-Sep-2025.
• Funds restricted for IPO objectives: Rs 5.83 Crore.

Related party transactions

• RPT approvals: Unity Enterprises and Golden Pearl Oil Products LLP up to 20 Crore each for FY27.
• RPTs with Unity Enterprises and Golden Pearl Oil Products LLP conducted at arm's length.
• Proposed RPTs amount to 12.97% of FY25-26 consolidated turnover (Rs 15,425.61 Lakhs).
• Unity Enterprises related party via Rohit Gupta; Golden Pearl LLP is wholly owned by Solvex Edibles.

Subsidiaries and group structure

• Wholly owned subsidiaries: Shree Oils and Fats (I) Private Limited; Golden Pearl Oil Products LLP.
• Shree Oils FY26 revenue 7,343.44 Lakhs; PBT 20.32; PAT (6.15) (standalone subsidiary).
• Golden Pearl Oil Products LLP FY26 PBT 8.09; PAT 0.48; prior year PAT 10.36.
• Consolidated group revenue (FY26) 15,479.26; PAT 7.10; EPS 0.09.

Audit, governance and internal controls

• Statutory auditors: Arora Gupta & Co; Internal auditors: NBG & Co; Secretarial Auditor: Manoj Kumar Agarwal (5-year term).
• Independent Directors have affirmed independence; Board composition complies with Companies Act provisions.
• No fraud reported; dividend not declared for FY2025-26; CSR not applicable for the year.

Operations and risk factors

• Plant capacity at Kemri, Bilaspur: ~200 tonnes per day with integrated extraction.
• Risk factors include commodity price volatility, raw material availability, and working capital needs.
• Management focus: improve capacity utilization, procurement, product mix, and working capital efficiency.

AGM details

• 30 September 2026, 1:00 p.m. IST, via VC/OAVM.
• Record date: 23 September 2026; venue deemed at registered office.

Key resolutions

• Adopt standalone financial statements for FY 2025-26 (ordinary).
• Adopt consolidated financial statements for FY 2025-26 (ordinary).
• Re-appoint Vishal Goel as director liable to retirement by rotation (ordinary).
• Ratify secretarial auditor appointment for five years; remuneration as set (ordinary).
• Approve related party transaction with Unity Enterprises up to Rs 20 crore for 2026-27 (ordinary).
• Approve related party transaction with Golden Pearl Oil Products LLP up to Rs 20 crore for 2026-27 (ordinary).
• Remuneration of Rs 9,00,000 to Rashika Gupta for FY 2025-26; 2026-27 onward sitting fees (ordinary).

Director changes

• Vishal Goel to retire by rotation; re-appointment to be considered.

Auditors

• Secretarial Auditor: CS Manoj Kumar Agarwal appointed for five years; remuneration Rs 3.50 lakh per annum.

Related party transactions (Unity Enterprises)

• Unity Enterprises is a related party; Rohit Gupta owner; up to Rs 20 crore annually.

Related party transactions (Golden Pearl Oil Products LLP)

• Golden Pearl Oil Products LLP is wholly owned; up to Rs 20 crore annually.

Other related information

• Voting results not provided in this filing chunk.

Annual report approvals

• Board approved Board's Report and MD&A for FY ended 31 March 2026.
• Secretarial Audit Report noted; Annual Report to be published on website.

AGM planning and e-voting

• 13th AGM fixed for 30 September 2026 at 1:00 PM via VC/OAVM.
• Notice of AGM approved.
• Cut-off date for voting fixed at 23 September 2026.
• CDSL appointed as e-voting agency.
• CS Manoj Kumar Agarwal appointed as Scrutinizer.
• Remote e-voting window: 27-29 September 2026.

Directors and related party transactions

• Re-appointment of Vishal Goel as Director retiring by rotation; recommended to shareholders.
• RPT limit raised to Rs 20 Crore with Unity Enterprises for FY2026-27; subject to AGM.
• RPT limit raised to Rs 20 Crore with Golden Pearl Oil Products LLP for FY2026-27; subject to AGM.

Remuneration approvals

• Remuneration for MD Ashish Goel: Rs 9,00,000 per annum.
• Remuneration for WTD Rohit Gupta: Rs 9,00,000 per annum.
• Remuneration for Rashika Gupta FY2025-26 ratified: Rs 9,00,000 per annum; subject to AGM.

Holding pattern update

• Holding report date: 21-08-2026, covering Solvex Edibles Ltd shareholding by promoters, individuals, and institutions.
• Main holders include promoter group and multiple individuals; no significant change disclosed.
• Pledged shares mostly zero across holders; no material pledge disclosed.
• Report date 21-08-2026; no governance changes or approvals noted.

Meeting Details

• 4th Board Meeting of Solvex Edibles Limited on 2 September 2026, 1:00 PM, at Kemri Road, Rampur, Bilaspur.

Key Agenda Items

• To consider and approve the Board’s Report along with Annexures for the financial year ended March 31, 2026.
• Fix date, time, venue, and VC/OAVM mode for the 13th AGM on 30 September 2026 at 1:00 PM.
• Fix Cut-off Date to determine voting eligibility and remote e-voting window.
• Appoint E-voting Agency (CDSL) and set the Remote E-voting period.
• Appoint Scrutinizer for Remote E-voting and AGM voting.
• Re-appointment of Vishal Goel, retiring by rotation, at the forthcoming AGM.
• Enhance RPT limits to Rs 20 crore with Unity Enterprises and Golden Pearl Oil Products LLP for FY2026-27.
• Approve remuneration for Ashish Goel, Rohit Gupta, and Rashika Gupta for FY2026-27.
• Any other item with permission of the chair.

Other Notes