Vishnu Chemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
VISHNU · price
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Vishnu Chemicals has called its 32nd AGM on August 14, 2025 at 11:00 AM, to be held via video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY25, and a final dividend of ₹0.30 per equity share of ₹2 each (15%) has been proposed with record date set as August 8, 2025. Key special business includes re-appointment of Chairman and Managing Director Ch. Krishna Murthy for another 5 years from January 2, 2026, with a minimum salary of ₹192 lakhs per annum plus perquisites and commission up to 2.5% of net profits. Other items include re-appointment of Independent Director Sita Vanka for a second 2-year term, appointment of L.D. Reddy & Co as secretarial auditors for 5 years, reclassification of authorized share capital by cancelling 8 crore unissued preference shares and converting that capacity into 47.5 crore equity shares of ₹2 each, and ratification of cost auditor remuneration.
This is a routine AGM notice covering standard approvals, but shareholders should note the proposed management re-appointment with significant remuneration (₹192 lakh minimum salary plus 2.5% commission) and the share capital restructuring that shifts the company's authorized capital entirely into equity shares. The 15% dividend is a small payout that signals modest returns for FY25, and the AGM is the venue for any shareholder questions or dissent on these proposals.