Vishnu Chemicals Limited has announced a significant addition to its board of directors, appointing Mr. Srivari Chandrasekhar as an Additional Director in the Non-executive Independent category. This strategic move, approved by the company's Board of Directors, is set to bring valuable expertise and leadership to Vishnu Chemicals.

Key Appointment Details

Professional Background

Mr. Chandrasekhar brings a wealth of experience to Vishnu Chemicals, with over 26 years in chemistry and leadership roles. His impressive career includes:

• Secretary to Government of India, Department of Science & Technology (December 2021 - July 2023)
• Director, CSIR - Indian Institute of Chemical Technology, Hyderabad (July 2015 - November 2021)
• Additional charge as Director at CSIR – National Environmental Engineering Research Institute (CSIR-NEERI), Nagpur
• Mentor Director, National Institute of Pharmaceutical and Educational Research (NIPER), Hyderabad

Expertise and Contributions

Mr. Chandrasekhar is recognized as an international research leader in organic chemistry. He is known for:

• Building interfaces between academia and industry
• Leading and nurturing talent across various disciplines
• Directing Indo-French and IICT-RMIT (Australia) Joint Laboratories

Implications for Vishnu Chemicals

The appointment of Mr. Chandrasekhar may enhance Vishnu Chemicals' board with his extensive experience in science, technology, and research. His background could potentially contribute to the company's strategic direction, especially in areas related to chemical research and development.

Regulatory Compliance

Vishnu Chemicals has confirmed that Mr. Chandrasekhar is not related to any existing Directors or Key Managerial Personnel of the company. Furthermore, he is not debarred from holding the office of Director by any SEBI Order or other authority, ensuring compliance with regulatory requirements.

The appointment is subject to shareholder approval, aligning with corporate governance practices. This addition to the board reflects Vishnu Chemicals' commitment to strengthening its leadership team with diverse and experienced professionals.

Vishnu Chemicals Limited has reported stellar financial results for the second quarter, showcasing robust growth across key metrics. The specialty chemicals manufacturer achieved a record quarterly revenue and significant improvements in profitability.

Financial Highlights

Key Performance Indicators

• Export Growth: Export revenues surged by 30% quarter-on-quarter, rising from ₹157.00 crores in Q1 to ₹205.00 crores in Q2.
• Balanced Sales Mix: The company maintained a balanced domestic to export sales ratio of 49:51.
• Improved Cash Flow: Operating cash flow increased by 44% year-on-year to ₹91.00 crores in H1.
• Healthy Balance Sheet: The debt-to-equity ratio stands at a comfortable 0.41.

Operational Developments

Vishnu Chemicals has commenced commercial production at its new specialty chemical plant for Strontium Carbonate at the Vizag facility. This strategic move is aimed at import substitution and tapping into global export potential, particularly in the Asia Pacific region, which accounts for over 50% of global Strontium Carbonate demand.

Management Commentary

Krishna Murthy Cherukuri, Chairman & Managing Director, stated, "Vishnu Chemicals delivered a strong performance with healthy growth in revenues, margins, and profits. Achieving a quarterly revenue of ₹400 crores plus is a milestone for our company. Our consistent improvement in profitability and scale reflects the strength of diversification, good demand for our products, and efficient cost management."

Siddartha Cherukuri, Joint Managing Director, added, "Vishnu Chemicals is pleased to report a strong performance in Q2 despite a challenging environment. The company's consistent performance and project execution abilities underscore its strong operational fundamentals and unwavering focus on manufacturing."

Outlook

With its multi-locational manufacturing excellence, focus on R&D, and commitment to sustainability, Vishnu Chemicals is well-positioned to capitalize on the growing demand for specialty chemicals. The company's emphasis on flexible product mix and process innovations continues to drive its market share expansion and operational efficiency.

Investors and stakeholders can look forward to the company's sustained growth trajectory, backed by its strong manufacturing legacy and strategic initiatives in high-value specialty applications.