Vinyl Chemicals (India) Limited has scheduled its 40th Annual General Meeting (AGM) for Friday, June 5, 2026, at 3:30 p.m. (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The company published an advertisement on May 13, 2026, in Business Standard (English – All India Edition) and Tarun Bharat (Marathi – Mumbai Edition), notifying shareholders of the meeting. In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the company has also issued letters to shareholders whose email addresses are not registered, providing a weblink to access the Notice of the 40th AGM and the Annual Report for the financial year 2025-2026. The deemed venue of the AGM shall be the company's registered office at Regent Chambers, 7th Floor, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai.

Financial Performance

Vinyl Chemicals reported a net profit of ₹1,649 lakhs for the financial year ended March 31, 2026, a 26% decline from ₹2,233 lakhs in the previous year. Despite the drop in profit, revenue from operations rose to ₹65,243.74 lakhs from ₹62,525.00 lakhs in the prior year. Profit before tax stood at ₹2,218 lakhs, down from ₹3,040 lakhs, while total comprehensive income for the period was ₹1,642.81 lakhs.

The following table summarises the key financial metrics for the year:

AGM and Dividend Details

The Board of Directors has recommended a dividend of ₹7 per equity share of face value ₹1 each for the financial year ended March 31, 2026, aggregating to ₹12,83,59,777, subject to shareholder approval at the 40th AGM. The record date for determining dividend entitlement has been set as Friday, May 22, 2026, with dividend payment expected to commence on or after June 15, 2026. The Notice of the 40th AGM and Annual Report for the financial year 2025-2026 are available on the company's website at www.vinylchemicals.com and on the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL.

Key AGM and e-voting timelines are as follows:

Operational Highlights

During the year under review, sales turnover from trading activity was ₹63,193 lakhs, an increase from ₹59,687 lakhs in the previous year. The company's primary business involves trading in chemicals, specifically Vinyl Acetate Monomer (VAM). The cost of traded goods sold was ₹62,011.23 lakhs, up from ₹58,764.14 lakhs in the prior year. Total expenses increased to ₹64,144.65 lakhs from ₹59,985.46 lakhs. The company had 13 permanent employees on its rolls as on March 31, 2026.

Related Party Transactions

Vinyl Chemicals is seeking shareholder approval at the 40th AGM for material related party transactions with Pidilite Industries Limited (PIL), its promoter company holding 40.64% equity, for the sale of goods (VAM) up to an aggregate value of ₹1,300 crores for the period from April 1, 2026 till the conclusion of the AGM for the financial year ending March 31, 2027. During the financial year 2025-2026, the company's sales to PIL and its subsidiaries included ₹56,047.60 lakhs to Pidilite Industries Ltd., ₹163.85 lakhs to Pidilite Speciality Chemicals Bangladesh Pvt. Ltd., and ₹111.16 lakhs to Pidilite Lanka Pvt. Ltd.

Shareholder Communication and RTA Details

Shareholders who have not registered their email addresses are advised to update their details to receive communications electronically. Members holding shares in dematerialised mode are requested to contact their respective Depository Participant, while those holding shares in physical mode may write to the company's Registrar & Transfer Agent. Key details of the Registrar & Transfer Agent are as follows:

Vinyl chemicals (India) Limited has announced a dividend of Rs. 7 per equity share for the financial year ended 31st March, 2026. The Board of Directors recommended this dividend at their meeting held on 24th April, 2026, subject to approval at the ensuing Annual General Meeting.

Dividend Declaration Details

The company has declared the following dividend structure for FY26:

Tax Deduction Guidelines for Resident Shareholders

Under Section 393(1) of the Income-Tax Act, 2025, the company is required to deduct tax at source on dividend payments. For resident shareholders, specific exemptions and rates apply based on their category and documentation provided.

Resident Individual Shareholders

Resident individuals can avoid tax deduction under the following conditions:

• Total dividend amount during FY 2026-27 does not exceed Rs. 10,000
• Valid Form No. 121 is provided meeting all eligibility conditions
• Exemption certificate is issued by the Income-tax Department

The standard tax deduction rate is 10% for shareholders with valid PAN registration. However, shareholders without PAN or with invalid/inoperative PAN not linked with Aadhaar will face 20% tax deduction under Section 397(2) of the IT Act, 2025.

Resident Non-Individual Categories

Several categories of resident non-individuals are exempt from tax deduction upon providing appropriate documentation:

Non-Resident Shareholder Tax Provisions

Non-resident shareholders face different tax treatment under domestic tax law and Double Tax Avoidance Agreement (DTAA) provisions.

Domestic Tax Law

Under domestic provisions, non-resident shareholders are subject to 20% withholding tax (plus applicable surcharge and cess) on dividend amounts. This rate can be reduced if shareholders provide certificates under Section 393/395 of the IT Act, 2025 for Tax Year 2026-27.

DTAA Benefits

Non-resident shareholders can opt for DTAA benefits if more favorable than domestic rates. Required documentation includes:

• Self-attested copy of PAN card
• Tax Residency Certificate for the period 1st April, 2026 to 31st March, 2027
• Form 41 filed online at the income tax portal
• Self-declaration of treaty eligibility and beneficial ownership
• SEBI registration certificate for FII/FPI investors

Document Submission Process

The company has established specific channels for document submission to ensure appropriate tax deduction rates:

Important Compliance Requirements

Shareholders must ensure their records are updated with correct information including tax residential status, PAN, email address, and mobile number. For demat shares, updates should be made through Depository Participants, while physical shareholders should contact the Registrar and Transfer Agent, MUFG Intime India Private Limited.

The company emphasizes that PAN-Aadhaar linking is mandatory, and failure to comply will result in higher tax deduction rates. Shareholders can verify their PAN status and link with Aadhaar through the income tax department's portal.

Bank Account Update Requirement

For physical shareholders, SEBI regulations mandate that dividend payments effective 1st April, 2024 shall be made only through electronic mode. Physical shareholders must furnish their PAN, nomination choice, contact details, bank account details, and specimen signature to receive dividend payments.

The company has advised shareholders to consult their tax advisors for comprehensive guidance on dividend-related tax implications, as the communication does not cover all potential tax consequences.