Vijay solvex Limited has been the subject of a comprehensive regulatory filing process following Deepak Vegpro Private Limited's share acquisition, with the acquirer completing all mandatory SEBI compliance requirements under the Substantial Acquisition of Shares and Takeover Regulations 2011.

Transaction Overview

Deepak Vegpro Private Limited acquired 15,000 shares of Vijay Solvex Limited on March 5, 2026, at a price of ₹401 per share from Dinesh Gupta, a member of the promoter group. This inter se transfer between promoter group entities qualified for regulatory exemptions under SEBI's takeover regulations.

Shareholding Impact

The acquisition resulted in Deepak Vegpro's stake increasing from 103,106 shares (3.220%) to 118,106 shares (3.689%) of Vijay Solvex Limited's total share capital. Dinesh Gupta's shareholding was completely divested, reducing from 15,000 shares (0.469%) to zero.

SEBI Compliance Process

Deepak Vegpro submitted its mandatory report under Regulation 10(7) to SEBI through the online SI Portal (Application Number 487) on March 20, 2026. The company paid the required fees of ₹1,50,000 plus 18% GST (₹27,000), totaling ₹1,77,000, which was deposited via NEFT on March 18, 2026, and acknowledged by SEBI on March 20, 2026.

Regulatory Framework

The transaction qualified for exemption under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations as an inter se transfer between promoter group members. The acquisition price of ₹401 per share was within the permissible limit, being not higher than 25% above the volume weighted average price (VWAP) of ₹546.72 calculated over 60 trading days.

Company Information

Vijay Solvex Limited is listed on the Bombay Stock Exchange with its registered office at Bhagwati Sadan, Swami Dayanand Marg, Alwar, Rajasthan. The company's total share capital comprises 32,01,263 equity shares of ₹10 each, amounting to ₹3,20,12,630. The promoter group maintains an aggregate holding of 68.962% in the company, which remained unchanged despite the inter se transfer between group members.

Vijay Solvex Limited has responded to BSE Limited's inquiry regarding recent share price movements, confirming compliance with disclosure requirements under SEBI regulations. The company submitted its clarification on March 10, 2025, following a reference communication from the exchange dated March 9, 2026.

Regulatory Compliance Statement

The company has affirmed that all material events and price-sensitive information affecting its operations and performance have been disclosed to the stock exchange in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure covers all information that could potentially impact the company's share price or trading volume.

Share Price Movement Explanation

Vijay Solvex Limited has clarified that recent share price movements are purely market-driven and attributed to prevailing market conditions. The company emphasized that it has no control over such price fluctuations and lacks specific knowledge of the underlying reasons for the market behavior. No material information or announcements that could influence share price behavior have been withheld by the company.

Promoter and Key Management Personnel Trading

The company disclosed that promoters and Key Management Personnel (KMP) have not engaged in any securities trading in the recent past, except for inter-se transfers between promoter group members. These transfers were duly reported to the stock exchange within the prescribed timeframe as required by regulations.

Ongoing Compliance Commitment

Vijay Solvex Limited has reiterated its commitment to maintaining transparency and regulatory compliance. The company confirmed it will continue to inform the stock exchange about any price-sensitive information as mandated under Regulation 30 and other applicable SEBI regulations. The clarification was signed by Jay Prakash Lodha, Company Secretary and Compliance Officer, who holds FCS certification number 4714.