Vinyl Chemicals (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 05, 2026
VINYLINDIA · price
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Vinyl Chemicals (India) Limited has issued the Notice for 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, declaration of dividend, and re-appointment of directors. Key items include approval for material related party transactions with promoter Pidilite Industries Limited up to Rs 1,300 crore for sale of goods, re-appointment of M.B. Parekh as Managing Director for 5 years from April 2027, continuation of commission to Non-Executive Directors up to 1% of net profits, and re-appointment of P.D. Shah as Independent Director for a second term of 5 years. Record date for dividend entitlement is May 22, 2026, with payment on or after June 15, 2026.
The related party transaction with Pidilite Industries worth Rs 1,300 crore is a significant item requiring shareholder approval. The re-appointment of the Managing Director and continuation of director commission are routine governance matters. Shareholders should participate in voting on these resolutions.