vinyl chemicals (India) Limited has announced its audited financial results for FY26, reporting a net profit of Rs 1650 lakhs. The company's board has recommended a dividend of Rs 7 per equity share to shareholders, along with comprehensive guidelines for tax deduction at source.

Financial Performance Overview

The company delivered solid financial performance during FY26, with total income reaching Rs 66363 lakhs compared to Rs 63026 lakhs in the previous year. The annual results were approved by the Board of Directors at their meeting held on April 24, 2026.

Quarterly Results

For the fourth quarter ended March 31, 2026, the company reported revenue from operations of Rs 17984 lakhs and net profit of Rs 465 lakhs. The quarterly performance showed improvement in revenue generation despite challenging market conditions.

Dividend Recommendation and Tax Guidelines

The Board of Directors has recommended a dividend payment of Rs 7 per equity share of Re 1 each for FY26. This dividend proposal, aggregating to Rs 1283.59 lakhs, will be subject to approval by shareholders at the 40th Annual General Meeting. In terms of Section 393(1) of the Income-Tax Act, 2025, dividends are taxable in the hands of shareholders, and the company will deduct tax at source at the time of payment.

For resident shareholders with valid PAN, tax will be deducted at 10%. Shareholders without PAN or with invalid PAN not linked with Aadhaar will face TDS at 20%. Resident individuals may be exempt from TDS if their total dividend for FY 2026-27 does not exceed Rs 10,000 or if they provide valid Form 121. Resident non-individuals such as insurance companies, mutual funds, AIFs, and NPS Trust may claim exemption by submitting specific declarations and documents.

Non-resident shareholders will be subject to withholding tax at 20% plus applicable surcharge and cess under domestic tax law, or may opt for beneficial rates under Double Tax Avoidance Agreement (DTAA) by submitting required documents including Tax Residency Certificate and Form 41.

Document Submission Deadline

Shareholders must update their records including tax residential status, PAN, email address, and mobile number with their depository participants or the Registrar and Transfer Agent, M/s. MUFG Intime India Private Limited. All tax-related documents must be submitted on or before May 20, 2026, to ensure correct tax deduction. Resident shareholders can upload Form 121 and other documents at the designated portal, while non-resident shareholders should email documents to cs.vinylchemicals@pidilite.com .

Balance Sheet Position

The company's total assets stood at Rs 23333 lakhs as of March 31, 2026, compared to Rs 26217 lakhs in the previous year. Total equity increased to Rs 13025 lakhs from Rs 12666 lakhs, reflecting the company's stable financial position.

Regulatory Compliance

The company has filed its audited financial results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Mehul Gada & Associates, Chartered Accountants, have issued an unmodified audit opinion on the annual audited financial results for FY26. Shareholders can view their TDS credit in Form 168 through the income tax department's e-filing portal post-dividend payment.

Vinyl Chemicals (India) Limited has announced significant leadership continuity with the re-appointment of key directors following a board meeting held on April 24, 2026. The decisions were made based on recommendations from the Nomination and Remuneration Committee and comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointments Overview

The board approved two critical re-appointments that will ensure leadership stability for the coming years:

Leadership Profile Details

Managing Director Re-appointment

Shri Madhukar Parekh brings extensive experience spanning over 55 years across multiple business domains. His professional background includes:

• Gold medalist alumnus from the Institute of Chemical Technology (ICT), formerly University Department of Chemical Technology (UDCT)
• Masters in Chemical Engineering from University of Wisconsin
• Expertise in sales and marketing, business and senior management, leadership and governance
• Experience in legal and regulatory matters, finance, accounts and risk management
• Current role as Executive Chairman of Pidilite Industries Ltd.

Independent Director Re-appointment

Shri Prakash Shah is a practicing Solicitor in Mumbai with over 4 decades of legal experience. His professional expertise covers:

• Commercial litigation and legal practice
• Real estate matters
• Direct and indirect tax litigations
• Regular appearances before High Courts of Mumbai and Gujarat

Regulatory Compliance and Relationships

Both appointments comply with regulatory requirements and disclosure norms:

Next Steps

Both re-appointments require formal approval from the company's shareholders before becoming effective. The appointments demonstrate the company's commitment to maintaining experienced leadership while ensuring compliance with corporate governance standards. The detailed profiles and regulatory disclosures have been submitted to BSE Ltd. and National Stock Exchange of India Ltd. as required under listing regulations.