Vishnu Chemicals Limited has appointed M/s M. Anandam & Co as its statutory auditor for a five-year term, subject to shareholder approval. The appointment is effective from the conclusion of the ensuing 33rd Annual General Meeting (AGM) until the conclusion of the 38th AGM, scheduled for the year 2031. The decision was taken by the Board of Directors at its meeting held on May 30, 2026, based on the recommendation of the Audit Committee.

The current statutory auditor, M/s Jampani & Associates, Chartered Accountants, will continue to undertake the audit of the company and its material subsidiary until the conclusion of the 33rd AGM. This marks the completion of their second consecutive term of five years. The transition ensures compliance with statutory requirements, including auditor independence regulations for the company and its subsidiaries.

Auditor Details

The following table outlines the key details regarding the change in statutory auditors:

Profile of M/s M. Anandam & Co

Founded in 1943, M/s M. Anandam & Co is a chartered accountancy firm headquartered in Secunderabad with branches in Nizamabad, Khammam, and Chennai. The firm holds ISO 9001:2015 certification and provides services including statutory and internal audits, taxation, and transfer pricing. Its portfolio includes statutory audits for listed entities such as Balaji Amines, Deccan Cements, and Mold-Tek Packaging.

The Board meeting commenced at 03.30 pm and concluded at 04.15 pm on May 30, 2026. The appointment is contingent upon approval by the shareholders and adherence to applicable laws and regulations in India and other jurisdictions.

Vishnu Chemicals Limited's board has approved the re-appointment of Mr. Nagabhushan Bhagwati as an Independent Director for a second term of four years, effective August 28, 2026. The decision, taken at a board meeting held on May 30, 2026, is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of shareholders at the ensuing Annual General Meeting.

The re-appointment follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Bhagwati, who holds DIN: 01564347, will serve as a Non-Executive Independent Director until August 27, 2030, if approved by the shareholders.

Mr. Nagabhushan Bhagwati is a fellow member of the Institute of Chartered Accountants of India (ICAI), an Insolvency Professional, and a commerce graduate. He is a seasoned finance professional with over three decades of experience, specializing in financial modeling, corporate law, techno-economic viability studies, and organizational restructuring.

The company disclosed that Mr. Bhagwati is not related to any directors or Key Managerial Personnel (KMP) of the company. Furthermore, he is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority, as per the requirements of BSE and NSE circulars dated June 20, 2018.

The board meeting commenced at 03:30 pm and concluded at about 04:15 pm on May 30, 2026. A copy of the disclosure has been uploaded on the company's website.

Details of Appointment