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.

Vijay Solvex Limited has completed an inter-se transfer of 15,000 equity shares among its promoter group members, with Mr. Dinesh Gupta formally disclosing the transaction under Regulation 29(2) of SEBI SAST Regulations on March 6, 2026. The transaction involved the sale of shares to Deepak Vegpro Private Limited, another promoter group member, through an on-market transaction.

Transaction Overview

Mr. Dinesh Gupta sold 15,000 equity shares representing 0.469% of Vijay Solvex Limited's paid-up equity capital to Deepak Vegpro Private Limited on March 5, 2026. The transaction was executed through an inter-se transfer via on-market mechanism, as disclosed in the regulatory filing submitted to BSE Limited.

Regulatory Compliance Framework

The transaction falls within the exemption under inter-se transfer among promoter group members as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mr. Dinesh Gupta, residing at Hans Opticals Main Market, Krishna Gali, Khairthal, Rajasthan, submitted the mandatory disclosure to ensure compliance with regulatory requirements. The disclosure was made to both Vijay Solvex Limited and BSE Limited as per prescribed format.

Shareholding Impact Analysis

The inter-se transfer resulted in changes to individual shareholdings within the promoter group while maintaining the aggregate promoter holding unchanged at 68.962%. The transaction completely divested Mr. Dinesh Gupta's direct shareholding while enhancing Deepak Vegpro's stake in the company.

Corporate Structure Details

Vijay Solvex Limited's equity share capital stands at Rs. 3,20,12,630 divided into 32,01,263 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited, with its registered office located at Bhagwati Sadan, Swami Dayanand Marg, Alwar, Rajasthan. The promoter group comprises 20 entities including individuals and corporate entities, with the comprehensive list demonstrating the complex corporate structure within the promoter ecosystem.

The transaction documentation confirms that all 19 other promoter and promoter group entities maintained their respective shareholdings unchanged, ensuring stability in the overall promoter control structure while facilitating internal reorganization of shareholding patterns.