Vishnu Chemicals Ltd has announced that its 32nd Annual General Meeting (AGM) will be held on Thursday, August 14, 2025, to consider and adopt the audited financial statements for the year ended March 31, 2025, and to declare a final dividend of ₹0.30 per equity share. The meeting will be conducted via two-way Video Conference / Other Audio Visual Means. The record date for determining entitlement of members to dividend is fixed as August 8, 2025.
| Particulars | Details |
|---|---|
| Dividend per share | ₹0.30 |
| Face Value | ₹2 |
| Dividend Percentage | 15% |
| Record Date | August 8, 2025 |
| Payment Date | Within 30 days from the date of AGM |
AGM Details and Agenda
The 32nd AGM of Vishnu Chemicals Limited is scheduled for August 14, 2025, at 11:00 A.M. IST and will be held via two-way video conferencing or other audio-visual means. The notice of the AGM, along with the Annual Report for 2024-25, has been sent via email to members whose email addresses are registered with the Company/Registrar & Share Transfer Agent (RTA)/Depository Participant/Depositories. The notice is also available on the company's website and the websites of BSE Limited and the National Stock Exchange of India Limited.
Key Agenda Items
- Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2025.
- Declaration of final dividend of ₹0.30 per equity share (15%) for the financial year ended March 31, 2025.
- Appointment of a Director in place of Mrs. Ch. Manjula, who retires by rotation.
- Approval of re-appointment of Mr. Ch. Krishna Murthy as the Chairman and Managing Director of the Company for a further period of 5 years w.e.f January 2, 2026, and payment of remuneration to him.
- Approval of re-appointment of Mrs. Sita Vanka as an Independent Director of the Company for a second term of two consecutive years with effect from May 16, 2025, to May 15, 2027.
- Appointment of M/s L.D. Reddy & Co, Company Secretaries, Hyderabad as Secretarial Auditors of the Company for one term of five years from 2025-26 to 2029-30.
- Re-classification of Authorised Share Capital by way of Cancellation of unissued shares of One class and Increase in shares of another class & Consequent amendment to the Capital Clause of the Memorandum of Association of the Company
- Ratification of payment of remuneration to the Cost Auditors for the financial year 2025-26.
Re-appointment and Remuneration of Key Managerial Personnel
The AGM will seek approval for the re-appointment of Mr. Ch. Krishna Murthy as the Chairman & Managing Director for a further period of five years effective January 2, 2026. His remuneration includes a salary of not less than ₹192.00 Lakhs per annum, along with perquisites such as medical reimbursement, leave travel concession, club fees, car, and telephone reimbursement. Additionally, he will be paid a commission not exceeding 2.5% of the previous year's net profits of the Company.
The re-appointment of Mrs. Sita Vanka as an Independent Non-Executive Director for a second term from May 16, 2025, to May 15, 2027, will also be considered.
Appointment of Auditors
M/s L.D. Reddy & Co, Company Secretaries, Hyderabad, are proposed to be appointed as Secretarial Auditors for a term of five years from 2025-26 to 2029-30. The remuneration will be agreed upon between the secretarial auditors and the Board of Directors, including out-of-pocket expenses and applicable taxes.
The remuneration of ₹1.15 Lakhs plus taxes, travel, and out-of-pocket expenses payable to M/s. Sagar & Associates, Cost Accountants, for the financial year ending March 31, 2026, will also be ratified.
Share Capital Reclassification
The members will consider the reclassification of the Authorised Share Capital of the Company. This involves cancelling unissued shares of one class and increasing shares of another class, amending the Capital Clause of the Memorandum of Association. The authorized share capital will be reclassified from ₹95,00,00,000 divided into 7,50,00,000 Equity Shares of ₹2 each and 8,00,00,000 Preference Shares of ₹10 each, to ₹95,00,00,000 divided into 47,50,00,000 Equity Shares of ₹2 each.
Remote Participation and E-Voting
In compliance with MCA and SEBI circulars, the AGM will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). The facility to appoint proxies will not be available for this AGM. Members can join the AGM through VC/OAVM mode either 15 minutes before or 15 minutes after the commencement of the Meeting. The facility of participation at the AGM through VC/OAVM will be made available to at least 1000 members on a first-come, first-served basis, excluding large shareholders, promoters, institutional investors, directors, and key managerial personnel.
Dividend Payment and Tax Information
The record date for determining entitlement of members to dividend for the financial year ended March 31, 2025, is August 8, 2025. If the dividend is approved, payment will be made within 30 days from the date of the AGM, subject to deduction of tax at source. Shareholders are requested to update their PAN with the Depository Participant (if shares are held in electronic form) and Company/RTA (if shares are held in physical form).
