Vijay Solvex Limited has scheduled its 38th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will commence at 10:30 am at the company’s registered office located at Bhagwati Sadan, Swami Dayanand Marg, Alwar, Rajasthan.

The company issued the intimation on August 14, 2026, confirming that shareholders holding shares in either physical or dematerialized form as of the record date, September 21, 2026, are eligible to participate.

Book Closure Details

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Vijay Solvex will close its Register of Members and Share Transfer Books. The closure period is effective from September 22, 2026, to September 28, 2026, inclusive of both days.

Remote E-Voting Facility

In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, the company has enabled remote e-voting for the AGM. Shareholders may cast their votes electronically through services provided by Central Depository Services (India) Ltd. (CDSL).

The remote e-voting window opens on Thursday, September 24, 2026, at 10:00 am and closes on Sunday, September 27, 2026, at 5:00 pm. Only shareholders on record as of September 21, 2026, can exercise this right.

Vijay Solvex Limited reported a significant improvement in profitability for the first quarter of FY27, with standalone net profit rising 446% year-on-year to ₹5.58 crore. The Alwar-based company’s revenue from operations expanded 35% to ₹622.50 crore, up from ₹460.42 crore in Q1FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 14, 2026. The company also scheduled its 38th Annual General Meeting for September 28, 2026, at its registered office in Alwar.

Financial Performance

Revenue growth was accompanied by improved operational efficiency, though margins remained thin. Total expenses stood at ₹615.08 crore, resulting in a profit before tax of ₹7.57 crore. Tax expenses were recorded at ₹1.99 crore.

Consolidated net profit was reported at ₹5.58 crore, nearly identical to the standalone figure, indicating minimal contribution from associate companies in terms of bottom-line impact. However, the share of other comprehensive income from associates added ₹8.22 crore to the total comprehensive income, bringing it to ₹14.08 crore.

Segment Analysis

The edible oils segment remains the dominant driver of the business, contributing ₹615.61 crore or approximately 98.9% of total revenue. This segment generated a pre-tax profit of ₹8.01 crore.

The ceramics segment saw revenue grow to ₹6.89 crore from ₹4.73 crore in the previous year, with a segment result of ₹0.13 crore. The wind power generators segment continued to report no revenue, as the plant located in Jaisalmer remains non-operational due to financial viability concerns.

What the Numbers Show

While top-line growth is robust, the profit before tax margin remains compressed at approximately 1.2%, highlighting the low-margin nature of the edible oils trading business. The significant divergence between consolidated net profit (₹5.58 crore) and total comprehensive income (₹14.08 crore) is driven entirely by the share of other comprehensive income from associates (₹8.22 crore), rather than operational profits from these entities, which contributed only ₹0.08 crore to the bottom line.

Corporate Actions

The company appointed Mr. Arun Jain, Company Secretary in practice, as the scrutinizer for the upcoming AGM. The book closure period will be from September 22, 2026, to September 28, 2026. E-voting cut-off date is fixed for September 21, 2026.

Aggarwal Datta & Co., Chartered Accountants, issued their limited review report on the financial statements, confirming no material misstatements were identified during the review process.