Vishnu chemicals Limited has announced that its Board of Directors approved a postal ballot process through a circular resolution dated March 12, 2026, seeking shareholder approval for the re-appointment of its Joint Managing Director.

Board Resolution Details

The board resolution encompasses several key decisions related to the postal ballot process:

Appointment and Remuneration

The postal ballot will seek shareholder approval through a Special Resolution for Mr. Ch. Siddartha's re-appointment as Joint Managing Director. The proposed appointment includes provisions for remuneration payment during the five-year tenure. The cut-off date of Friday, March 20, 2026, has been established for dispatching postal ballot notices and determining e-voting rights eligibility.

Service Providers and Process Management

The company has appointed specialized service providers to ensure a transparent and efficient postal ballot process:

E-voting Facility

• Agency: Central Depository Services (India) Limited (CDSL)
• Purpose: Providing e-voting facility for shareholders

Scrutinizer Appointment

• Firm: M/s L.D. Reddy & Co, Practicing Company Secretaries
• Representative: Mr. L Dhanamjaya Reddy (CP No: 3752)
• Role: Conducting postal ballot process in fair and transparent manner

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Vibha Shinde signed the regulatory filing, ensuring compliance with disclosure requirements for both BSE Limited and National Stock Exchange of India Limited.

The postal ballot process represents a standard corporate governance practice for seeking shareholder approval on significant appointments, particularly for key management positions requiring special resolutions.

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.