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Solana Biofuels Ltd
Flat No. 602, 6th Floor, Swarna Jayanthi
Phone: +91 4023746600p:+91 4023746600 HYDERABAD, 500038  India Ticker: 532669532669
Filed for Bankruptcy on 7/16/2019
On 10/5/2018, a Corporate Insolvency Resolution Process was initiated for Southern Online Bio Technologies Limited by the National Company Law Tribunal, Hyderabad Bench, under the Insolvency and Bankruptcy code, 2016 pursuant to an Insolvency Petition filed by the Bank of India against the Company.
On 7/16/2019, a Liquidation order was passed against Southern Online Bio Technologies Limited, liquidating the Company pursuant to the petition filed by Bank of India under section 7 of IBC. The Resolution Professional Mrs. G. Kalpana was appointed as the Liquidator to continue the Liquidation process.
Business Summary
Solana Biofuels Limited is an India-based ecofriendly greenfield company. The Company offers business solutions in Internet Services and Bio Diesel. Under Internet Services, it provides dial up services to customers right from domestic users to companies and cyber cafes. It has subcategorized the dial up services based on various customers. The Company has various packages, such as Access 100, Access 250, Access 500, Unlimited packages for single PC, and Cyber Cafes. It also provides different packages to give more facilities for customers. Under Bio Diesel, the Company's product offering consists of Biodiesel and Glycerin. The raw material used in biodiesel includes vegetable seed oils (Nonedible), fish oil, animal fats, fatty acids, and used cooking oil.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20243/31/2024Yes----

Industries
SIC Code Description
2869 Industrial organic chemicals, not elsewhere classified
4899 Communications services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Managing Director DevaiahPagidipati 76 1/1/2021 1/27/2020
Chief Financial Officer, Finance Director, Executive Director Kethu R.Krishna 44
Chief Financial Officer Upadhyayula U.Ravikanth 11/13/2020 11/13/2020
9 additional Officers and Directors records available in full report.

Business Names
Business Name
532669
Southern Online Bio Technologies Limited
Southern Online Bio Technologies Ltd.

General Information
Outstanding Shares: 45,000,000 (As of 9/30/2024)
Shareholders: 9,311
Stock Exchange: BOM
Fax Number: +91 4023241444


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Wednesday, April 2, 2025