Vijay Solvex Limited has scheduled its 38th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held at the company's registered office in Alwar, Rajasthan, to transact ordinary and special business items.

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026, inclusive, for annual closing purposes. This book closure period ensures that only shareholders recorded within this window are eligible to attend and vote at the meeting.

E-Voting Details

The company has enabled remote e-voting for members holding shares as of the cut-off date, September 21, 2026. Central Depository Services (India) Ltd. (CDSL) has been engaged as the authorized agency to facilitate the electronic voting process.

Members who have already cast their votes via remote e-voting are not entitled to vote again at the physical meeting. However, they may still attend the AGM. Those who have not voted remotely can exercise their right to vote using ballot papers at the venue.

Document Dispatch

Electronic copies of the AGM notice and the annual report for FY26 were dispatched via email on September 1, 2026, to members with registered email addresses. Physical copies were sent to other members at their registered addresses. The documents are also available on the company's website.

Vijay Solvex Limited reported a 29.25% rise in standalone revenue from operations to ₹23,662.33 crore for FY26, up from ₹18,307.30 crore in the previous year. Standalone profit after tax (PAT) increased marginally by 2.30% to ₹187.96 crore, compared to ₹183.72 crore in FY25.

The company’s consolidated revenue remained unchanged at ₹23,662.33 crore, as it had no subsidiaries. Consolidated PAT rose by 4.76% to ₹193.02 crore, driven by a share of profit from associates amounting to ₹50.64 crore, compared to ₹5.35 crore in the prior year.

Financial Performance

The operating profit before finance cost, depreciation, and tax stood at ₹362.16 crore for FY26, an increase from ₹285.35 crore in FY25. However, finance costs more than doubled to ₹79.50 crore from ₹34.75 crore, primarily due to higher exchange rate differences and interest expenses on increased borrowings.

What the Numbers Show

While revenue growth was robust, the net profit margin contracted significantly. Standalone net profit margins fell to 0.79% in FY26 from 1.00% in FY25. This divergence between top-line growth and bottom-line performance highlights the impact of rising finance costs and deferred tax liabilities, which increased to ₹100.82 crore from a deferred tax asset of ₹164.61 crore in the previous year.

Dividend and Governance

The Board of Directors did not recommend any dividend for FY26, opting to retain internal accruals for funding future growth. The company also announced no transfer to reserves during the financial year.

At the upcoming 38th Annual General Meeting scheduled for September 28, 2026, shareholders will consider the re-appointment of Mrs. Pallavi Sharma as Non-Executive Independent Woman Director. Additionally, approvals are sought for material related-party transactions with Deepak Vegpro Private Limited and VDSD Foods Private Limited, estimated at ₹1,250 crore and ₹300 crore respectively for FY27.