Vijay Solvex Limited , a prominent player in the edible oils segment, has reported a significant improvement in its financial performance for the second quarter of fiscal year 2026. The company's unaudited standalone financial results, approved by its board of directors, showcase a remarkable surge in profitability.

Key Financial Highlights

For the quarter ended September 30, 2025, Vijay Solvex Limited reported:

The company's net profit for Q2 FY26 stood at Rs. 599.24 lacs, marking a substantial increase of 489% compared to Rs. 101.75 lacs in the previous quarter. This impressive growth in profitability underscores the company's operational efficiency and strong market position.

Revenue Growth and Segment Performance

Vijay Solvex's revenue from operations reached Rs. 61,532.26 lacs in Q2 FY26, representing a 33.6% increase from the previous quarter. The edible oils segment emerged as the primary driver of this growth, contributing Rs. 61,064.34 lacs to the total revenue.

Segment-wise Revenue Breakdown

1. Edible Oils: Rs. 61,064.34 lacs
2. Ceramics: Rs. 467.92 lacs

The edible oils segment not only dominated the revenue mix but also demonstrated strong profitability, with a segment result of Rs. 1,086.61 lacs before tax and finance costs.

Other Financial Metrics

• Total Income: Rs. 61,823.48 lacs
• Total Expenses: Rs. 61,048.39 lacs
• Profit Before Tax: Rs. 775.09 lacs

Balance Sheet Highlights

As of September 30, 2025, Vijay Solvex reported:

• Total Assets: Rs. 39,906.08 lacs
• Total Equity: Rs. 30,964.29 lacs
• Current Assets: Rs. 27,556.66 lacs
• Current Liabilities: Rs. 8,044.52 lacs

The company maintains a strong balance sheet with a healthy equity position, indicating financial stability and potential for future growth.

Conclusion

Vijay Solvex Limited's Q2 FY26 results demonstrate robust growth in both revenue and profitability. The company's strong performance in the edible oils segment has been a key factor in driving overall financial success. The significant improvement in financial performance suggests effective execution of business strategies and favorable market conditions for the edible oils segment.

Note: All financial figures are based on standalone results and are in lacs of Indian Rupees unless otherwise specified.

Vijay Solvex Limited , a prominent player in the oil industry, has announced significant changes in its leadership and auditing structure following its 37th Annual General Meeting (AGM) held on September 22, 2025. The shareholders approved several key resolutions that will shape the company's governance for the coming years.

Leadership Continuity

The shareholders approved the continuation and re-appointment of Mr. Vijay Data as Managing Director for a three-year term until September 25, 2028. This decision is particularly noteworthy as Mr. Data will be continuing in his role after reaching the age of 70 on July 1, 2025. With 45 years of experience in the oil industry, Mr. Data's extended tenure is seen as a move to maintain stability and leverage his expertise.

In a parallel move, Mr. Daya Kishan Data was re-appointed as Whole Time Director for another three-year term, extending until September 28, 2028. Mr. Daya Kishan Data, aged 63, brings 31 years of experience in the oil and ceramic industries to his role, overseeing the company's ceramic division.

Board Composition and Compliance

The company confirmed that both Mr. Vijay Data and Mr. Daya Kishan Data are not debarred from holding directorial positions, ensuring compliance with regulatory requirements. These directors are related, which adds a familial element to the company's top management structure.

Auditor Appointments

In addition to the director reappointments, the AGM saw changes in the company's auditing structure:

1. Secretarial Auditor: M/s Arun Jain & Associates, a Peer Reviewed Practicing Company Secretary firm, was appointed as the Secretarial Auditor for a term of five consecutive years, from the financial year 2025-26 to 2029-30.

2. Cost Auditor: The shareholders ratified the remuneration of Cost Auditors for the financial year ending March 31, 2026. Specific details of the remuneration were not disclosed.

Material Related Party Transactions

The AGM also approved material related party transactions with three entities:

1. Deepak Vegpro Private Limited
2. Raghuvar (India) Limited
3. VDSD Foods Private Limited

While the specifics of these transactions were not detailed, their approval suggests significant business relationships with these entities.

Financial Statements and Board's Report

The audited standalone and consolidated financial statements for the year ended March 31, 2025, along with the Board's Report and Auditors' Report, were adopted at the meeting. The Auditor's Report did not contain any qualifications or adverse comments on the company's financial transactions or matters.

Conclusion

The decisions made at Vijay Solvex Limited's 37th AGM reflect a strategy of maintaining leadership continuity while ensuring proper governance and compliance structures are in place. The reappointment of experienced directors and the engagement of new auditors signal the company's commitment to both stability and regulatory adherence in its operations.