Enclosed please find copy of the minutes of the resolution passed by way of postal ballot through the remote e-voting process on April 22, 2026. The results of the postal ballot were announced ....
VISHNU · price
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Vishnu Chemicals Ltd shareholders approved the re-appointment of Mr. Ch. Siddartha as Joint Managing Director for another 5-year term (May 2, 2026 to May 1, 2031) through postal ballot. The special resolution was passed with overwhelming shareholder support of 98.47% (11,66,453 votes in favor vs 18,036 against). The approved remuneration package includes a minimum salary of Rs 72 lakhs annually, perquisites such as medical reimbursement, leave travel allowance, club fees, company car, and telephone benefits. Additionally, Mr. Siddartha will receive commission up to 1.25% of the company's previous year net profits.
The strong approval (98.47%) signals continued shareholder confidence in the current leadership and ensures management stability for Vishnu Chemicals for the next 5 years. The fixed salary component of Rs 72 lakhs plus performance-linked commission aligns management incentives with shareholder returns.