Vishnu Chemicals Limited has successfully completed the appointment of Mr. Srivari Chandrasekhar as an Independent Director through a postal ballot conducted via remote e-voting process. The resolution was passed on February 11, 2026, with results declared on February 12, 2026.

Appointment Details

The company appointed Mr. Srivari Chandrasekhar (DIN: 00481481) as an Independent Director for a first term of two years. The appointment is effective from November 18, 2025 to November 17, 2027 (both days inclusive). He was initially appointed as an Additional Director in the Non-Executive & Independent category on November 18, 2025 by the Board.

Postal Ballot Process

The Board of Directors approved the postal ballot proposal on December 30, 2025, following all regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations. The company appointed M/s L D Reddy & Co, Practicing Company Secretaries, represented by Mr. L D Reddy (CP No: 3752), as the Scrutinizer for conducting the postal ballot process.

The e-voting facility was provided through Central Depository Services (India) Limited. The voting period commenced at 9:00 A.M. on January 13, 2026 and concluded at 5:00 P.M. on February 11, 2026. The cut-off date for determining eligible members was January 09, 2026.

Voting Results

The postal ballot received overwhelming support from shareholders, demonstrating strong confidence in the appointment decision.

The special resolution was passed with the requisite majority, fulfilling all statutory requirements for the appointment of an Independent Director.

Regulatory Compliance

The postal ballot process was conducted in accordance with:

• Section 108 and 110 of the Companies Act, 2013
• Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014
• Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• MCA General Circulars including the latest Circular 03/2025 dated September 22, 2025

The company published the required newspaper advertisement in Financial Express (English) and Nava Telangana (Telugu) on January 13, 2026. The Scrutinizer submitted his report on February 12, 2026, confirming the successful completion of the postal ballot process.

Documentation and Filing

Vishnu Chemicals Limited has filed the minutes of the resolution with BSE Limited and National Stock Exchange of India Limited on March 03, 2026, through reference VCL/SE/117/2025-26. The results were previously announced through letter VCL/SE/107/2025-26 dated February 12, 2026, and uploaded on the company's website as per regulatory requirements.

Vishnu Chemicals and other companies have made various corporate announcements, with UTI Conservative Hybrid Fund declaring a significant income distribution for its unitholders.

UTI Conservative Hybrid Fund Announces IDCW Distribution

UTI Conservative Hybrid Fund (Erstwhile UTI Regular Savings Fund) has declared March 02, 2026 as the record date for Income Distribution cum Capital Withdrawal (IDCW) under the Monthly Income Distribution cum Capital Withdrawal option. The announcement was made on February 25, 2026.

Distribution Terms and Conditions

The distribution is subject to the availability of distributable surplus as on the record date. Income distribution cum capital withdrawal payment to investors will be lower to the extent of statutory levy, if applicable. Income distribution will be made net of tax deducted at source as applicable.

Unitholders whose names appear in the register of unitholders at the close of business hours on March 02, 2026 shall be entitled to receive the income distribution cum capital withdrawal. The NAV of the IDCW options will fall to the extent of payout and statutory levy, if applicable.

Reinvestment and Load Structure

The reinvestment, if any, shall be treated as constructive payment of IDCW to the unitholders as also constructive receipt of payment by the unitholders. No load will be charged on units allotted on reinvestment of IDCW.

Other Corporate Announcements

Several other companies made announcements including ICICI Prudential Mutual Fund declaring distributions for their Balanced Advantage Fund and Equity & Debt Fund, also with March 02, 2026 as the record date. Additionally, various companies including Vishnu Chemicals Limited, SML Mahindra Limited, and EPACK Durable Limited issued notices regarding corporate governance matters, postal ballots, and regulatory compliance.

The mutual fund industry continues to provide regular income distribution opportunities to investors, with UTI Asset Management Company Limited maintaining its commitment to delivering value to unitholders through systematic distribution mechanisms.