Solvex Edibles Limited reported a standalone net loss of ₹12.57 lakh for FY26 against a profit of ₹283.86 lakh in FY25, with revenue dropping to ₹6,667.48 lakh. Auditors issued a qualified opinion citing irregularities in IPO fund utilization, including circular transactions involving a subsidiary, and non-compliance with accounting standards for employee benefits and MSME dues. Consolidated net profit fell to ₹7.10 lakh from ₹408.97 lakh in the previous year.
Solvex Edibles Limited reported a standalone net loss of ₹12.57 lakh for FY26 against a profit of ₹283.86 lakh in FY25, with revenue dropping to ₹6,667.48 lakh. Auditors issued a qualified opinion citing irregularities in IPO fund utilization, including circular transactions involving a subsidiary, and non-compliance with accounting standards for employee benefits and MSME dues. Consolidated net profit fell to ₹7.10 lakh from ₹408.97 lakh in the previous year. Read More