Vishnu Chemicals Limited's Board of Directors addressed regulatory compliance matters during their meeting held on April 02, 2026, specifically reviewing communications from stock exchanges regarding Risk Management Committee composition under SEBI regulations.

Board Meeting Outcomes

The Board considered notices dated February 27, 2026 received from both BSE Limited and National Stock Exchange of India Limited concerning the composition of the Risk Management Committee under Regulation 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Framework

The Board's review centered on compliance with Regulation 21 of the SEBI (LODR) Regulations, 2015, which governs Risk Management Committee composition requirements for listed companies. The company demonstrated proactive compliance by reconstituting the committee before the formal board meeting.

Management Response

The Board specifically appreciated the management's prompt action in addressing the regulatory requirements. The Risk Management Committee reconstitution was completed through a Circular Resolution dated February 18, 2026, indicating the company's commitment to maintaining proper governance structures.

Compliance Commitment

Vishnu Chemicals emphasized its ongoing focus on timely compliance with applicable regulatory requirements. This approach reflects the company's dedication to maintaining strong corporate governance standards and meeting stock exchange obligations effectively.

Vishnu Chemicals has officially informed stock exchanges about the extension of the winding-up timeline for its UAE subsidiary by 6 months, citing ongoing geopolitical challenges in the Middle East region as the primary reason for the delay.

Official Communication Details

The company filed an official update with BSE Limited and National Stock Exchange of India Limited on March 27, 2026, providing stakeholders with the latest status on the closure process. This communication follows earlier notifications sent in July and October 2025 regarding the subsidiary's winding-up process.

Extension Details

The company's UAE unit, Vishnu International Trading FZE, will now have an additional 6-month period to complete its winding-up process. This extension represents a significant adjustment to the previously established timeline for the subsidiary's closure.

Geopolitical Impact

According to the official filing, the voluntary winding-up process has taken longer than originally anticipated due to prevailing geopolitical conditions in the Middle East region. The company stated that the completion of the winding-up process has been significantly impacted by these regional challenges.

Regulatory Compliance

Vishnu Chemicals has maintained transparency by regularly updating stock exchanges about the progress of the winding-up process. The company has also made this information available on its official website at www.vishnuchemicals.com , ensuring comprehensive stakeholder communication.

The filing was signed by Vibha Shinde, Company Secretary & Compliance Officer, demonstrating the company's commitment to proper regulatory compliance throughout the closure process of its international subsidiary.