VINYLINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vinyl Chemicals (India) Ltd has announced its 40th AGM scheduled for June 5, 2026 at 3:30 PM via video conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26 and declaration of dividend (record date May 22, 2026; payment from June 15, 2026). Key agenda items include re-appointment of N.K. Parekh (director over 75 years, special resolution), M.B. Parekh as Managing Director for 5 years from April 2027, and P.D. Shah as Independent Director for another 5-year term. Shareholders will also vote on approval for material related party transactions with promoter company Pidilite Industries Limited up to Rs. 1,300 crores, and payment of commission to non-executive directors up to 1% of net profits annually for 5 years.
The large related party transaction with Pidilite Industries (Rs. 1,300 crores) indicates significant business dependency on the promoter group. Dividend declaration and director re-appointments appear routine but the related party transaction size warrants shareholder scrutiny as it may impact minority shareholder interests.