Vinyl Chemicals (India) Ltd. Completes Postal Ballot for Director Appointments with 99.97% Approval

Vinyl Chemicals (India) Ltd. has successfully completed its postal ballot proceedings on March 5, 2026, securing overwhelming shareholder approval for the appointment of two new directors to its board. The company announced the completion of the postal ballot process through a regulatory filing on March 16, 2026.

Director Appointments Approved

The postal ballot covered two key resolutions for board appointments. Shareholders approved the appointment of Shri Kavinder Singh (DIN: 06994031) as a Non-Executive and Non-Independent Director through an ordinary resolution. Additionally, they approved the appointment of Ms. Gira Sardesai (DIN: 02610502) as an Independent Director via a special resolution.

Resolution Type	Director Details	Position	Effective Date
Ordinary Resolution	Shri Kavinder Singh (DIN: 06994031)	Non-Executive and Non-Independent Director	February 2, 2026
Special Resolution	Ms. Gira Sardesai (DIN: 02610502)	Independent Director	February 2, 2026

Voting Results and Process

Both resolutions received exceptional shareholder support, demonstrating strong confidence in the new appointments. The remote e-voting process was conducted through National Securities Depository Limited (NSDL) platform.

Voting Details	Votes in Favor	Votes Against	Invalid Votes	Result
Number of Votes	93,21,500	3,043	0	Approved
Percentage	99.97%	0.0326%	0%	Requisite Majority

The voting period commenced on February 4, 2026, at 9.00 a.m. IST and concluded on March 5, 2026, at 5.00 p.m. IST. The cut-off date for determining eligible shareholders was January 23, 2026.

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The Board of Directors approved the postal ballot proposal on January 20, 2026, with the notice dated the same day.

Key process highlights included:

Appointment of scrutinizers including Shri P N Parikh, Practicing Company Secretary
Publication of newspaper advertisements on February 4, 2026, in Business Standard (English) and Tarun Bharat (Marathi)
Electronic circulation of notices completed on February 3, 2026
Scrutinizer's report dated March 6, 2026, confirming the results

Terms of Appointment

Shri Kavinder Singh's appointment as Non-Executive and Non-Independent Director makes him liable for retirement by rotation as per company regulations. Ms. Gira Sardesai has been appointed as Independent Director for a first term of 5 consecutive years, from February 2, 2026, to February 1, 2031. Her position will not be subject to retirement by rotation, and she has submitted the required declaration of independence as per regulatory requirements.

The appointments strengthen the company's board composition and governance structure, with both directors bringing their expertise to support the company's strategic objectives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-7.93%	-14.57%	-21.40%	-41.45%	-41.90%	+42.16%

Vinyl Chemicals (India) Ltd has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of two new directors to the company's board. The results were announced on 6th March, 2026, following the conclusion of the remote e-voting period on 5th March, 2026.

Director Appointments Approved

Shareholders approved both proposed director appointments with exceptional support:

Resolution:	Type	Votes in Favour	Votes Against	Approval Rate
Shri Kavinder Singh Appointment:	Ordinary	9321500	3043	99.97%
Ms. Gira Sardesai Appointment:	Special	9321500	3043	99.97%

Shri Kavinder Singh (DIN: 06994031) was appointed as a Non-Executive and Non-Independent Director through an ordinary resolution. Ms. Gira Sardesai (DIN: 02610502) was appointed as an Independent Director through a special resolution.

Voting Participation Details

The postal ballot process demonstrated strong shareholder engagement across different categories:

Category:	Shares Held	Votes Polled	Participation Rate
Promoter and Promoter Group:	9244578	9223003	99.77%
Public Institutions:	5323	0	0.00%
Public Non-Institutions:	9087210	101540	1.12%
Total:	18337111	9324543	50.85%

The promoter and promoter group showed unanimous support for both resolutions, casting 100.00% of their votes in favour. Among public non-institutional shareholders, 97.00% voted in favour of both appointments.

Regulatory Compliance and Process

The postal ballot was conducted in strict compliance with Sections 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. The process followed guidelines prescribed by the Ministry of Corporate Affairs through various circulars and was executed through the National Securities Depository Limited (NSDL) e-voting platform.

Process Milestone:	Date
Postal Ballot Notice:	20th January, 2026
Record/Cut-off Date:	23rd January, 2026
E-voting Commencement:	4th February, 2026 (9:00 AM)
E-voting Conclusion:	5th March, 2026 (5:00 PM)
Results Announcement:	6th March, 2026

The company had 40396 total shareholders as on the record date of 23rd January, 2026.

Scrutinizer Report and Compliance

Mr. Mitesh Dhabliwala (Membership No.: 8331, COP: 9511), Partner of Parikh & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. His report confirmed that both resolutions were passed with the requisite majority as per the Companies Act, 2013 and SEBI Listing Regulations.

The voting results and scrutinizer's report have been made available on the company's website at www.vinylchemicals.com and on NSDL's e-voting portal at www.evoting.nsdl.com . The appointments are deemed effective from 5th March, 2026, the last date of the e-voting period.

The disclosure was made to BSE Ltd. and National Stock Exchange of India Ltd. under Regulation 30 and 44 of SEBI Listing Regulations, with Company Secretary and Compliance Officer Aarti Falorh signing the regulatory filing.