Solvex Edibles Limited has informed BSE Limited about the successful completion of its separate meeting of independent directors held on March 31, 2026. The meeting was conducted in accordance with Schedule IV of the Companies Act, 2013 and Regulation 25(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Agenda and Business Transacted

The independent directors addressed three key areas during their separate meeting:

Performance Evaluation Outcome

The independent directors conducted a comprehensive evaluation of the company's governance structure and leadership effectiveness. Following their assessment, the independent directors found the performance results to be satisfactory across all evaluated parameters.

The evaluation covered the performance of non-independent directors, the chairperson, and the board of directors collectively, indicating positive governance practices within the organization.

Regulatory Compliance

The meeting demonstrates Solvex Edibles Limited's commitment to maintaining robust corporate governance standards. The separate meeting of independent directors is a mandatory requirement under:

• Schedule IV of the Companies Act, 2013
• Regulation 25(3) of SEBI LODR Regulations, 2015

The company secretary and compliance officer, CS Swati Vaish, signed the disclosure document, ensuring proper documentation and regulatory compliance. The company has requested BSE to take this information on record and disseminate it to all concerned stakeholders.

Jignesh Amrutlal Thobhani and six associates have acquired a substantial stake in Solvex Edibles Limited through the company's Initial Public Offering, marking a significant investment in the BSE-listed food company. The acquisition was disclosed under SEBI's substantial acquisition regulations on January 22, 2026.

Acquisition Details

The Thobhani group acquired 8,67,200 equity shares representing 9.69% of Solvex Edibles Limited's total share capital through the Initial Public Offering completed on October 1, 2025. The acquisition details are presented below:

Acquirer Group Composition

The acquisition was made by Jignesh Amrutlal Thobhani along with six persons acting in concert, forming a substantial investor group. The complete list of acquirers includes:

• Jignesh Amrutlal Thobhani
• Amrutlal Gordhandas Thobhani
• Varshaben Jigneshkumar Thobhani
• Ferin Jigneshbhai Thobhani
• Thobhani Amrutlal Gordhanbhai (HUF)
• Thobhani Jignesh Amrutlal (HUF)
• Aashana Jigneshbhai Thobhani

The disclosure confirms that the acquirer group does not belong to the promoter or promoter group of Solvex Edibles Limited.

Holdings Analysis

Prior to this acquisition, the Thobhani group held no shares in Solvex Edibles Limited. The IPO participation represents their first investment in the company, establishing a significant 9.69% shareholding position.

Company Profile

Solvex Edibles Limited is listed on BSE Limited with the company code 544539. The company maintains its registered office at Kemri Road, Rampur, Bilaspur, Uttar Pradesh, India, 244921. Following the acquisition, the company's total equity share capital remains at 89,51,970 equity shares of ₹10.00 face value each.

The disclosure was filed in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in substantial shareholding changes for market participants.