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Solana Biofuels Ltd
Flat No. 602, 6th Floor, Swarna Jayanthi
Phone: +91 4023241999p:+91 4023241999 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, formerly Southern Online Bio Technologies Limited, is an India-based company. The Company operates in two segments: Internet Service Provider (ISP) and manufacturing of Bio Diesel. The ISP division provides Internet bandwidth to the corporate clients, operators, educational institutions, cyber cafes, & individual, among other. Its ISP services include server co-location, leased line services (terrestrial and RF links), broad band services, networking solutions and Web hosting services. The Bio Diesel Manufacturing segment includes Biodiesel, which is an alternative fuel for regular conventional diesel (Fossil Fuel) produced using non-edible vegetable oils and others. and Glycerin, which is a by-product generated during the production of biodiesel, useful for pharmaceutical and soap factories. It has set up two plants for bio diesel, the first plant is in Samsthan Narayanpur, Bhongiri, Telangana and the second plant in APIIC-SEZ, Visakhapatnam, Andhra Pradesh.

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
9/30/20243/31/2024Yes----

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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Saturday, January 25, 2025