Vishnu Chemicals Limited has successfully completed its postal ballot voting process for the re-appointment of Mr. Ch. Siddartha (DIN: 01250728) as Joint Managing Director. The company announced the completion of voting results under Regulation 44 of SEBI (LODR) Regulations, 2015 on April 24, 2026, with the resolution deemed passed on April 22, 2026.

Resolution Details and Approval

The special resolution for Mr. Ch. Siddartha's re-appointment was overwhelmingly approved by shareholders through the postal ballot e-voting process. The resolution covers his appointment as Joint Managing Director for a further period of 5 years, effective from May 02, 2026 to May 01, 2031, along with payment of remuneration.

Voting Results and Shareholder Response

The postal ballot e-voting process demonstrated strong shareholder confidence in the re-appointment decision. Out of the total votes polled, 98.47% were cast in favour of the resolution, while only 1.53% voted against it.

Category-wise Voting Breakdown

The voting participation varied across different shareholder categories, with public institutions showing 100% support and public non-institutions recording mixed responses.

E-voting Process and Timeline

The company conducted the postal ballot through remote e-voting process in compliance with the Companies Act, 2013 and SEBI regulations. Central Depository Services Limited (CDSL) served as the service provider for the e-voting facility, ensuring a transparent and secure voting process.

Scrutinizer Report and Compliance

L. Dhananjay Reddy of L.D. Reddy & Co., Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that the resolution was assented to by the requisite majority of shareholders through the postal ballot e-voting process, ensuring compliance with all regulatory requirements.

The voting results and scrutinizer's report have been made available on the company's website at www.vishnuchemicals.com and on CDSL's e-voting platform at www.evotingindia.com , maintaining transparency in the corporate governance process.

Invalid Votes Details

The invalid votes were recorded from the Public Institutions category, totaling 3,368,671 votes. No invalid votes were recorded from the Promoter and Promoter Group or Public - Non Institutions categories.

Vishnu chemicals has submitted a regulatory declaration to stock exchanges confirming that its promoters maintain no encumbrances on their shareholdings during the financial year 2025-26. The declaration, dated 03.04.2026, was filed with both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements.

Regulatory Compliance Declaration

The declaration was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeover) Regulations, 2011. Ch. Krishna Murthy, acting as a promoter representative, submitted the formal declaration on behalf of all company promoters, confirming the absence of any direct or indirect encumbrances on their shareholdings.

Promoter Details

The declaration covers three key promoter entities of Vishnu Chemicals Limited:

Filing and Communication

The company filed this declaration with both major Indian stock exchanges where its shares are listed. The communication was addressed to BSE Limited (Scrip Code: 516072) and National Stock Exchange of India Limited (Symbol: VISHNU), ensuring comprehensive regulatory compliance across trading platforms.

Transparency and Governance

This regulatory filing demonstrates the company's commitment to maintaining transparency in promoter shareholding patterns. The declaration specifically states that no encumbrances exist on promoter shares, other than those already disclosed during the financial year 2025-26, if any. Such declarations provide investors with clarity regarding the unencumbered status of promoter holdings and support good corporate governance practices.