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.

Vijay Solvex Limited , a prominent player in the edible oils and ceramics sectors, has announced significant management changes and released its financial results for the first quarter of the fiscal year 2025-26. The company's Board of Directors made several key decisions during their meeting held on August 14, 2025.

Management Reappointments

The Board has approved the reappointment of two key executives:

1. Shri Vijay Data has been reappointed as Managing Director for a three-year term from September 26, 2025, to September 25, 2028. With 45 years of experience in the oil industry, Shri Vijay Data, aged 70, brings valuable expertise to the company. He has previously served as the president of the Solvent Extractors' Association of India.

2. Shri Daya Kishan Data has been reappointed as Whole Time Director for a three-year term from September 29, 2025, to September 28, 2028. Aged 63, Shri Daya Kishan Data is a mechanical engineer with 31 years of experience in the oil and ceramic industries. He oversees the company's ceramic division.

Both reappointments are subject to shareholder approval at the upcoming 37th Annual General Meeting scheduled for September 22, 2025.

Q1 FY2026 Financial Highlights

Vijay Solvex Limited has released its unaudited standalone financial results for the quarter ended June 30, 2025:

The company has shown significant growth in revenue, with a 21.71% year-over-year increase in revenue from operations. The net profit for Q1 FY2026 stood at ₹101.75 lacs, marking a 5.73% increase from the same quarter last year.

Segment-wise Performance

1. Edible Oils: This segment continues to be the primary revenue generator, contributing ₹45,568.97 lacs to the total revenue.
2. Ceramics: The ceramics division reported a revenue of ₹472.61 lacs for the quarter.
3. Wind Power Generators: The company's wind power plant in Jaisalmer, Rajasthan, remains non-operational due to financial viability concerns.

Other Board Decisions

The Board has also:

• Scheduled the 37th Annual General Meeting for September 22, 2025.
• Appointed Mr. Arun Jain as the scrutinizer for e-voting and ballot/poll voting at the AGM.
• Fixed the book closure dates from September 16 to September 22, 2025, for the AGM.
• Set September 15, 2025, as the cut-off date for e-voting eligibility.

Vijay Solvex Limited continues to demonstrate resilience in its core businesses, with the edible oils segment driving growth. The reappointment of experienced leadership and positive financial results indicate the company's commitment to sustained performance and shareholder value.