Solvex Edibles Limited received a notice from BSE Limited (Ref: SOP-Review-30/06/2026) regarding delayed compliance/non-compliance with Regulation 33 of SEBI (LODR) Regulations, 2015. The notice specifically pertained to the non-submission of financial results for March 2026 (quarter/year) within the prescribed period.
Financial Penalty Details
The exchange levied a total fine of ₹94,400, consisting of:
- Basic fine: ₹80,000
- GST @18%: ₹14,400
The fine was calculated at ₹5,000 per day until the date of compliance as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.
Board Action and Response
The Board of Directors addressed this matter at their meeting held on July 28, 2026. The Board:
- Noted the reasons for delayed compliance
- Ratified management's action of paying ₹94,400 to the exchanges
- Directed management to take corrective measures to strengthen compliance monitoring mechanisms
- Emphasized the need for timely coordination among internal stakeholders and implementation of necessary review procedures
Regulatory Consequences Mentioned
The BSE notice warned that:
- Failure to pay within 15 days would result in freezing of the entire shareholding of the promoter
- Second consecutive year of non-compliance would result in transfer to Z group and suspension of trading
- The matter must be placed before the Board of Directors
Payment Instructions
The company was instructed to remit payment to BSE Limited's virtual bank account (BSER13864) at ICICI Bank Ltd.-CMS Branch (IFSC: ICIC0000104), specifically dedicated to SOP fine and waiver fees only.
Current Status
The company has made the payment and considers the matter concluded as of July 28, 2026.