Solvex Edibles Receives First-Time Audit Qualification Over IPO Fund Use

Solvex Edibles reported a qualified audit opinion for FY26. Auditors cited insufficient evidence regarding the utilization of ₹830.99 Lakhs in IPO proceeds. Additionally, the company failed to recognize employee benefit obligations and MSME interest liabilities. Management is currently strengthening documentation and monitoring mechanisms to address these deficiencies.