Vinyl Chemicals (India) Ltd. has announced the appointment of two additional directors to its board following a meeting held on January 20, 2026. The appointments were made based on recommendations from the Nomination and Remuneration Committee and are subject to shareholder approval under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointments Details

The company has made two strategic appointments to strengthen its board composition:

Ms. Gira Sardesai has been appointed as an Independent Director for a first term of five consecutive years, while Shri Kavinder Singh will serve as a Non-Executive, Non-Independent Director.

Compliance and Eligibility Confirmation

The company has confirmed that both appointees meet all regulatory requirements for directorship. In accordance with the circular dated June 20, 2018, issued by the Stock Exchanges, Vinyl Chemicals has verified that:

• Neither director is debarred from holding the office of Director by SEBI or any other statutory authority
• Both are qualified for appointment as Directors
• Neither appointee is related to any existing Director or Key Managerial Personnel on the company's board

Profile of Shri Kavinder Singh

Shri Kavinder Singh brings extensive leadership experience to the board, currently serving as Joint Managing Director of Pidilite Industries Limited. His educational background includes:

• Mechanical Engineering degree from National Institute of Technology, Warangal
• General Management Program from Wharton School of Business
• Executive programs at Yale, IMD Lausanne, and Harvard Business School

With 38 years of experience spanning FMCG and hospitality sectors, Singh has held significant positions across multiple organizations:

Singh has also served as Chairman of CII-IBBI (India Business Biodiversity initiative) and chaired the Western region of CII Tourism committee.

Profile of Ms. Gira Sardesai

Ms. Gira Sardesai brings over 35 years of diverse industry experience across multiple geographies. Her professional qualifications include:

• Certified Public Accountant from American Institute of Certified Public Accountants
• Chartered Accountant from Institute of Chartered Accountants of India

Sardesai has demonstrated extensive hands-on experience in management and business leadership with a proven track record in enterprise value growth. Her career highlights include:

The appointments reflect Vinyl Chemicals' commitment to strengthening its board with experienced professionals who bring diverse industry expertise and strategic leadership capabilities to guide the company's future growth initiatives.

Vinyl Chemicals (India) Ltd delivered strong quarterly performance in Q3FY26, reporting significant growth in profitability despite challenging market conditions. The chemical trading company announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing robust revenue growth and improved operational efficiency.

Strong Q3FY26 Performance

The company demonstrated impressive quarterly results with key financial metrics showing substantial improvement over the previous year:

The revenue growth of 15.8% reflects the company's strong market position in chemical trading operations. Total income increased by 15.1% to ₹17,196 lakhs, driven primarily by higher revenue from operations and improved other income.

Expense Management and Profitability

Total expenses for Q3FY26 rose to ₹16,581 lakhs compared to ₹14,278 lakhs in Q3FY25, primarily due to increased purchase of traded goods which reached ₹12,981 lakhs. The company also recorded higher employee benefit expenses of ₹334 lakhs compared to ₹122 lakhs in the previous year, partly attributed to the impact of new Labour Codes implemented by the Government of India.

Key Expense Components:

• Purchase of traded goods: ₹12,981 lakhs (vs ₹14,229 lakhs in Q3FY25)
• Employee benefits expense: ₹334 lakhs (vs ₹122 lakhs in Q3FY25)
• Other expenses: ₹285 lakhs (vs ₹69 lakhs in Q3FY25)
• Foreign exchange difference: ₹73 lakhs expense (vs ₹261 lakhs expense in Q3FY25)

Nine-Month Performance Analysis

While quarterly results showed mixed performance, the nine-month period revealed different trends:

The nine-month performance showed revenue growth of 4.5% but net profit declined by 21.3% to ₹1,185 lakhs, indicating margin pressure during the period.

Labour Code Impact and Regulatory Changes

The company disclosed the impact of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidated 29 existing labour laws and resulted in incremental costs of ₹185.54 lakhs, comprising gratuity provisions of ₹140.57 lakhs and long-term compensated absences of ₹44.97 lakhs. This impact was reflected in the employee benefit expenses for Q3FY26.

Financial Position and Operations

Vinyl Chemicals maintains a focused business model with chemical trading as its primary reportable segment. The company operates without subsidiaries, associates, or joint venture companies, maintaining a streamlined corporate structure. The paid-up equity share capital remained stable at ₹183 lakhs with a face value of Re.1 per share.

Corporate Governance:

• Board meeting held on January 20, 2026 (12:00 noon to 1:18 pm)
• Results reviewed by Audit Committee and approved by Board
• Limited review conducted by statutory auditors Mehul Gada & Associates
• Compliance with Regulation 33 of SEBI Listing Regulations

The company continues to monitor developments in Central and State Rules related to Labour Codes and will provide appropriate accounting treatment as regulations are finalized.