Vivid Global Industries held its 39th Annual General Meeting on Tuesday, September 29, 2026, at 11:05 am via Video Conferencing or Other Audio Visual Means, with 26 members in attendance.

Meeting overview

The meeting was chaired by Managing Director Sumish S. Mody, who briefed members on the company's working and walked through each resolution listed in the AGM notice. The requisite quorum as required under Section 103 of the Companies Act, 2013 was present. Members were given the opportunity to raise queries and seek clarifications on the resolutions and financial statements, all of which were addressed by the Chairman. The meeting concluded at 11:12 am.

Business transacted

The AGM took up both ordinary and special business items. Members had been provided remote e-voting facilities from September 26, 2026 (9:00 am) to September 28, 2026 (5:00 pm), and e-voting at the AGM was also available for shareholders who had not cast their vote through the remote platform.

Ordinary business

• Adoption of financial statements for the year ended March 31, 2026, along with the reports of the Directors and Auditors
• Re-appointment of Miten Sudhir Mody (DIN: 02422219), who retires by rotation and is eligible and offers himself for re-appointment

Special business

• Approval to pay overall managerial remuneration in excess of 11% of the net profits of the company in respect of any financial year
• Re-appointment of Sumish S. Mody (DIN: 00318652) as Managing Director with effect from November 1, 2026 to October 31, 2031

Resolution outcome

As per the consolidated Scrutinizer's Report dated September 29, 2026, all resolutions set out in the notice of the 39th Annual General Meeting dated August 4, 2026 were passed by the members with requisite majority.

Vivid Global Industries reported a robust start to FY27, with standalone revenue from operations rising 43.7% year-on-year to ₹1,533.52 lakh in the quarter ended June 30, 2026. Net profit after tax grew 24.3% to ₹13.09 lakh, up from ₹10.53 lakh in the corresponding period of FY26. The growth reflects strong operational momentum for the specialty chemicals manufacturer, which is recognized as a 'Star Export House' by the Government of India.

The Board of Directors approved the unaudited financial results on August 6, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financials, the Board addressed key governance matters, including the re-appointment of senior management and the scheduling of the company’s 39th Annual General Meeting (AGM).

Financial Performance Highlights

The company’s total income from operations for the quarter stood at ₹1,533.52 lakh, compared to ₹1,067.12 lakh in Q1FY26. Net profit before tax was ₹18.14 lakh, an increase from ₹14.58 lakh in the prior year quarter. Earnings per share (basic and diluted) rose to ₹0.14 from ₹0.12 in the same period last year.

For the full year ended March 31, 2026, the company reported total income of ₹5,441.98 lakh and a net profit after tax of ₹73.36 lakh.

Governance and AGM Schedule

The Board approved the re-appointment of Sumish S. Mody as Managing Director for a further term of five consecutive years, effective November 1, 2026. This appointment is subject to member approval at the ensuing AGM. Sumish S. Mody holds a double bachelor degree in Business Management and Entrepreneurship from Nottingham Trent University, U.K., and has served as Senior Executive Finance since August 2022.

Additionally, the Board recommended the re-appointment of Miten Sudhir Mody, a Director retiring by rotation, under Section 152(6) of the Companies Act, 2013. The Board also adopted the Director’s Report and approved the Secretarial Audit Report issued by Pankaj S. Desai (COP 4098) for FY26.

39th AGM Details

The 39th AGM is scheduled for September 29, 2026, at 11:00 a.m. via OAVM/VC. The Register of Members and Transfer Books will remain closed from September 23, 2026, to September 29, 2026, inclusive. Pankaj S. Desai has been appointed as Scrutinizer to monitor e-voting and voting processes.

The company confirmed that financial results have been published in widely circulated newspapers, including Business Standard and Mahasagar, on August 7, 2026, in compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015.