Vijay Solvex Limited has approved the re-appointment of Mrs. Pallavi Sharma as a Non-Executive Independent Woman Director for a second term of five years, effective from July 23, 2026, to July 22, 2031. The decision, taken by the Board of Directors on July 20, 2026, is subject to the approval of members at the ensuing Annual General Meeting. This move ensures continuity in leadership while adhering to regulatory requirements for board composition.

The re-appointment follows a recommendation by the Nomination & Remuneration Committee. The company affirmed that Mrs. Sharma is not debarred from holding the office of director by any order of SEBI or other authorities, complying with BSE Circular No. List/Comp/14/2018-19 dated June 20, 2018. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Pallavi Sharma, aged about 33 years, is a Chartered Accountant with approximately 11 years of experience in Finance, Accounts, Taxation, Audit, Banking, and Legal. She currently serves as the Delivery Operation Team Lead at Accenture Solutions Private Limited. The company confirmed that she is not related to any of the existing directors on the board.

Re-appointment Details

Vijay Solvex Limited reported a 2.3% increase in net profit to ₹18.8 crore for the financial year ended March 31, 2026, driven by a 29.3% rise in revenue from operations to ₹2,366.2 crore. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026.

The standalone financial results reveal that revenue from operations for FY26 stood at ₹2,36,623.30 lakh, compared to ₹1,83,073.01 lakh in the previous year. Total income for the year rose to ₹2,36,957.03 lakh from ₹1,83,260.50 lakh in FY25. Net profit for the period increased to ₹1,879.56 lakh from ₹1,837.23 lakh in the corresponding period of the previous year. Basic earnings per share for the year improved to ₹58.71 from ₹57.39 in the prior year.

For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹68,543.94 lakh, up from ₹47,641.97 lakh in the same quarter of the previous year. Net profit for the quarter stood at ₹656.53 lakh, compared to ₹392.02 lakh in the year-ago period. The board noted that the wind power generation plant located at village Hansua, district Jaisalmer, Rajasthan, is not in operation as it is not financially viable, though the impact on overall revenue is marginal.

Segment Performance

The Edible Oils segment remained the primary revenue driver, reporting segment revenue of ₹2,34,367.97 lakh for FY26, up from ₹1,81,161.91 lakh in the previous year. The Ceramics segment contributed ₹2,255.33 lakh to the revenue. Segment profit before tax and finance cost for Edible Oils was ₹3,318.75 lakh, while the Ceramics segment reported a profit of ₹28.93 lakh.

Board Approvals

Based on the recommendation of the Audit Committee, the board approved the appointment of M/s Rajesh & Co., Cost Accountants, as the cost auditor for the financial year 2026-27. The firm, based in Jaipur, has been engaged in practice for 32 years. The board also submitted the necessary declarations and documents to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditors, M/s Aggarwal Datta & Co., Chartered Accountants, issued an unmodified opinion on the audited standalone and consolidated financial results. The company noted an estimated one-time impact of ₹23.36 lakh during the year ended March 31, 2026, regarding the recognition of past service costs due to the notification of new Labour Codes by the Ministry of Labour and Employment.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE362D01010/b9ccbf82-f9fd-4976-b01d-eed62236308b.pdf