VINYLINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vinyl Chemicals (India) Ltd has issued notice for its 40th AGM scheduled on 5th June, 2026 at 3:30 PM via Video Conferencing. Key agenda items include adoption of audited financial statements for FY ended March 2026, declaration of dividend, and re-appointment of directors. The meeting seeks shareholder approval for material related party transactions with promoter company Pidilite Industries Limited up to ₹1,300 Crores for FY 2026-27. Special business includes re-appointment of Managing Director Shri M.B. Parekh for 5 years from April 2027, payment of commission to Non-Executive Directors (up to 1% of net profits annually for 5 years), and re-appointment of Independent Director Shri P.D. Shah for a second 5-year term. Record date for dividend entitlement is 22nd May, 2026 with payment after 15th June.
The large related party transaction limit of ₹1,300 Crores with Pidilite Industries represents a significant concentration risk and requires careful shareholder scrutiny. The management reappointments indicate continuity in leadership. Dividend declaration will provide shareholder returns.