Vijay Solvex adopts FY26 financials and re-appoints directors at AGM
- Vijay Solvex adopted FY26 standalone and consolidated financial statements
- Re-appointment of Daya Kishan Data and Pallavi Sharma approved by shareholders
- Material related party transactions with Deepak Vegpro and VDSD Foods approved
- Remote e-voting facilitated via CDSL alongside physical ballot voting
*this image is generated using AI for illustrative purposes only.
Vijay Solvex Limited adopted its audited standalone and consolidated financial statements for the financial year ended March 31, 2026, during its 38th Annual General Meeting (AGM) held on September 28, 2026. The meeting also approved the re-appointment of key directors and material related party transactions.
The AGM was conducted at the company's registered office in Alwar, Rajasthan, commencing at 10:30 am and concluding at 11:30 am. Sachin Gupta, Non-Executive Independent Director, served as the Chairman of the meeting. Several board members, including Daya Kishan Data, Ram Prakash Mahawar, Vineet Jain, Manish Jain, and Pallavi Sharma, were unable to attend physically.
Resolutions Passed
Members voted on eight resolutions covering ordinary and special business items. The statutory auditor's report for FY26 contained no qualifications or adverse comments on financial transactions. However, observations from the secretarial auditor were read to the members by Company Secretary Jay Prakash Lodha.
| Resolution Item | Type | Description |
|---|---|---|
| Adoption of Financials | Ordinary | Standalone and Consolidated FY26 statements |
| Director Re-appointment | Ordinary | Daya Kishan Data (retiring by rotation) |
| Independent Director | Special | Re-appointment of Pallavi Sharma |
| Related Party Transactions | Ordinary | Transactions with Deepak Vegpro Pvt Ltd |
| Related Party Transactions | Ordinary | Transactions with VDSD Foods Pvt Ltd |
| Remuneration Increase | Ordinary | Gaurav Data (office/place of profit) |
| Remuneration Increase | Ordinary | Neelima Data (office/place of profit) |
| Cost Auditor Ratification | Ordinary | Remuneration for FY27 |
Voting Process
The company utilized remote e-voting facilities provided by Central Depository Services (India) Limited (CDSL). Voting commenced on September 24, 2026, and concluded on September 27, 2026. For members present at the venue who had not voted electronically, ballot papers were arranged. Arun Jain, a Company Secretary in practice, was appointed as the scrutinizer to ensure a fair and transparent voting process.
The results of the voting, along with the consolidated scrutinizer's report, will be submitted to stock exchanges and made available on the company's website and the CDSL e-voting platform.
Historical Stock Returns for Vijay Solvex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | +0.73% | -7.30% | -8.14% | -8.14% | -8.14% |
How will the approved related party transactions with Deepak Vegpro and VDSD Foods impact Vijay Solvex's future revenue diversification and supply chain resilience?
What strategic objectives underpin the remuneration increases for Gaurav Data and Neelima Data, and how might this influence executive retention in the competitive agri-commodity sector?
Given the secretarial auditor's observations, what specific governance reforms is Vijay Solvex planning to implement to enhance compliance standards in FY27?
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