Vishnu Chemicals seeks approval to re-appoint Mr. Ch. Siddartha as Joint MD for 5 years
Vishnu Chemicals Limited is seeking member approval via postal ballot to re-appoint Mr. Ch. Siddartha as Joint Managing Director for five years from May 2, 2026. His remuneration includes ₹72 lakh salary, perquisites, and up to 1.25% commission on net profits. E-voting is open from March 24 to April 22, 2026.
The re-appointment of a Joint Managing Director for a significant term and the associated remuneration are material to the company's governance and future strategic direction. This impacts the company's leadership stability and operational continuity.
The announcement is a routine corporate action regarding the re-appointment of a key management personnel and the associated remuneration, which is standard procedure. It does not contain any significantly positive or negative financial or operational news.
Vishnu Chemicals Limited has issued a Postal Ballot Notice to its members seeking approval for the re-appointment of Mr. Ch. Siddartha as Joint Managing Director for a further period of five years, effective from May 2, 2026, to May 1, 2031. The proposed remuneration includes a salary of ₹72,00,000 per annum, along with perquisites and a commission not exceeding 1.25% of the previous year's net profits.
The company has completed the dispatch of the postal ballot notice through electronic mode on March 23, 2026. The remote e-voting period commenced on March 24, 2026, at 09:00 hrs and will conclude on April 22, 2026, at 17:00 hrs. The results of the postal ballot, along with the Scrutinizer's Report, will be announced within two working days of the conclusion of the voting process.
Mr. Ch. Siddartha, who has been instrumental in the company's growth, possesses qualifications including an MS in Biotechnology and an MBA. He currently leads strategy and international marketing efforts and works closely with sales and supply chain teams. His shareholding in the company is 56,34,044 equity shares. The Board of Directors recommends the special resolution for approval by the members.
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Vishnu Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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