Vishnu Chemicals Limited has completed its postal ballot process through remote e-voting, with shareholders approving the re-appointment of Mr. Ch. Siddartha (DIN: 01250728) as Joint Managing Director of the company. The resolution was passed on April 22, 2026, with results declared to the stock exchanges on April 24, 2026. The company communicated the minutes of the resolution to BSE Limited and the National Stock Exchange of India Limited vide its letter dated May 05, 2026, signed by Vibha Shinde, Company Secretary & Compliance Officer.

Postal Ballot Process and Timeline

The Board of Directors approved the proposal to conduct a postal ballot through a resolution passed via circulation on March 12, 2026. The postal ballot notice, along with the explanatory statement dated March 11, 2026, was dispatched electronically to members whose names appeared in the Register of Members/Depositories/Registrar and Share Transfer Agent as on the cut-off date of March 20, 2026. A newspaper advertisement regarding the completion of dispatch was published in Financial Express (English, All India) and Nava Telangana (Telugu, Hyderabad) on Tuesday, March 24, 2026. The e-voting facility was provided through Central Depository Services (India) Limited. The key dates of the process are summarised below:

M/s L D Reddy & Co, Practicing Company Secretaries, represented by Mr. L D Reddy, Partner (CP No: 3752), was appointed as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Resolution Approved: Re-appointment of Joint Managing Director

The sole resolution put to vote was a Special Resolution for the re-appointment of Mr. Ch. Siddartha as Joint Managing Director for a further period of five years, effective from May 02, 2026 to May 01, 2031, along with approval for payment of remuneration. The resolution was passed with requisite majority. The voting outcome, as per the Scrutinizer's report, is detailed below:

Remuneration Terms Approved

As part of the re-appointment, the members approved the terms and conditions of remuneration for Mr. Ch. Siddartha. The key components of the approved remuneration package are as follows:

• Salary: Not less than Rs 72,00,000 (Rupees Seventy Two Lakhs) as recommended by the Nomination and Remuneration Committee, subject to applicable provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.
• Commission: A sum not exceeding 1.25% of the previous year's net profits of the company (plus GST at applicable rates and subject to tax deduction at source), computed in accordance with Section 198 of the Companies Act, 2013.
• Perquisites: Including medical reimbursement for self and family, leave travel concession/allowance, club fees, use of a fully maintained company car with chauffeur and fuel reimbursement, and telephone/mobile reimbursement for official purposes.

The Board of Directors has been authorised to alter and/or vary the terms and conditions of the re-appointment, including remuneration, within the overall limits prescribed under Section 197 read with Schedule V of the Companies Act, 2013. The resolution also provides that in any financial year where the company incurs a loss or its profits are inadequate, minimum remuneration shall be paid as per the limits prescribed under Section II of Part II of Schedule V to the Companies Act, 2013, without requiring further approval of the Central Government.

Regulatory Compliance

The postal ballot was conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The process also adhered to the relevant MCA circulars, including General Circular 03/2025 dated September 22, 2025. The voting results were uploaded on the company's website and submitted to the stock exchanges on April 24, 2026. The minutes were signed by the Chairman and the communication was filed by Vibha Shinde, Company Secretary & Compliance Officer, on May 05, 2026.

Vishnu Chemicals Limited has informed the stock exchanges of an extension to the temporary shutdown for routine maintenance at its Parwada plant in Visakhapatnam, Andhra Pradesh. The disclosure, dated May 5, 2026, was made under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company referenced its earlier communication dated April 15, 2026, indicating that the shutdown was initially planned as a routine maintenance activity before being extended.

Shutdown Extension Details

The key details of the maintenance shutdown extension are outlined below:

Regulatory Compliance and Next Steps

The announcement was filed by Vibha Shinde, Company Secretary & Compliance Officer of Vishnu Chemicals Limited, through the BSE Listing Centre and the NSE Electronic Application Processing System (NEAPS). The company has confirmed that it will keep the stock exchanges informed as soon as the Parwada plant resumes its operations, in accordance with applicable disclosure requirements.