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.

Vishnu Chemicals Limited has completed the dispatch of its postal ballot notice on March 23, 2026, seeking shareholder approval for the re-appointment of Mr. Ch. Siddartha as Joint Managing Director. The company announced through a regulatory filing that the notice has been dispatched exclusively through electronic mode to shareholders whose email addresses are registered with the company, depositories, or Registrar and Share Transfer Agent.

Postal Ballot Process and E-Voting Schedule

The company has engaged Central Depository Services (India) Limited (CDSL) as the agency to facilitate remote e-voting for shareholders. The detailed e-voting schedule provides a 30-day window for shareholder participation in the decision-making process.

The company has appointed Mr. L Dhananjay Reddy (CP No: 3752) as the Scrutinizer for conducting the postal ballot process. Results will be announced within 2 working days of the conclusion of the voting process.

Re-appointment Details and Remuneration Structure

The special resolution seeks approval for Mr. Ch. Siddartha's re-appointment as Joint Managing Director for a five-year term from May 02, 2026 to May 01, 2031. The proposed remuneration package includes multiple components designed to align with regulatory requirements and company performance.

The remuneration structure also includes various perquisites such as medical reimbursement, leave travel concession, club fees, company car with chauffeur, and telephone reimbursement. The aggregate remuneration will remain subject to provisions of Section 197 read with Schedule V of the Companies Act, 2013.

Leadership Background and Regulatory Compliance

Mr. Ch. Siddartha brings substantial experience and educational credentials to his role as Joint Managing Director. His academic background includes an MS in Biotechnology from Northumbria University and an MBA from Saginaw University.

The postal ballot process adheres to requirements under Sections 108 and 110 of the Companies Act, 2013, and various MCA circulars. The notice is available on the company website at www.vishnuchemicals.com , stock exchange websites, and CDSL's e-voting platform at www.evotingindia.com . The proposed resolution, if passed by requisite majority, will be deemed to have been passed on April 22, 2026, being the last day of remote e-voting.