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Vinyl Chemicals Recommends ₹7 Dividend; Issues TDS Guidelines for Shareholders
Vinyl Chemicals (India) Limited has recommended a dividend of ₹7 per equity share for the financial year ended March 31, 2026. The company has issued a detailed communication regarding Tax Deduction at Source (TDS) requirements for both resident and non-resident shareholders. Resident individuals with a valid PAN will face a 10% TDS, while those without a valid PAN or whose PAN is not linked to Aadhaar will face a 20% deduction. Shareholders must submit necessary tax exemption forms and update bank details by May 20, 2026, to ensure correct tax treatment.
Key Highlights
Recommended a dividend of ₹7 per equity share of face value ₹1 for FY 2025-26.
Standard TDS rate of 10% for resident shareholders with valid PAN; 20% for those without or with inoperative PAN.
No TDS for resident individuals if the total dividend received in FY 2026-27 does not exceed ₹10,000.
Deadline for submitting tax-related documents (like Form 121 or TRC) is May 20, 2026.
Non-resident shareholders can avail of DTAA benefits by providing a Tax Residency Certificate and Form 41.
💼 Action for Investors
Shareholders should ensure their PAN is linked with Aadhaar and bank details are updated with their Depository Participant by May 20, 2026. Eligible investors should submit tax exemption forms via the company's portal to avoid unnecessary tax deduction.
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Vinyl Chemicals Re-appoints Madhukar Parekh as MD and Prakash Shah as ID for 5-Year Terms
Vinyl Chemicals (India) Limited has approved the re-appointment of Shri Madhukar Parekh as Managing Director for a five-year term starting April 1, 2027. Shri Prakash Shah has also been re-appointed as an Independent Director for a second five-year term effective October 6, 2026. Shri Parekh, who is also the Executive Chairman of Pidilite Industries, brings over 55 years of experience to the role. These appointments ensure leadership continuity and are subject to shareholder approval.
Key Highlights
Shri Madhukar Parekh re-appointed as Managing Director for 5 years effective April 1, 2027
Shri Prakash Shah re-appointed as Independent Director for a second 5-year term from Oct 2026 to Oct 2031
Shri Madhukar Parekh brings over 55 years of experience and is the Executive Chairman of Pidilite Industries
Shri Prakash Shah is a solicitor with over 40 years of experience in commercial and tax litigation
Both appointments were recommended by the Nomination and Remuneration Committee and approved by the Board
💼 Action for Investors
Investors should take this as a positive sign of management stability and continuity. No immediate action is required as these are re-appointments of experienced incumbents.
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Vinyl Chemicals Re-appoints Madhukar Parekh as MD for 5 Years from April 2027
The Board of Directors of Vinyl Chemicals (India) Limited has approved the re-appointment of Shri Madhukar Parekh as Managing Director for a five-year term starting April 1, 2027. Additionally, Shri Prakash Shah has been re-appointed as an Independent Director for a second consecutive five-year term from October 2026 to October 2031. Madhukar Parekh, who is also the Executive Chairman of Pidilite Industries, brings over 55 years of extensive experience in the chemical industry. These appointments are subject to shareholder approval and ensure long-term leadership continuity for the company.
Key Highlights
Re-appointment of Shri Madhukar Parekh as Managing Director for a 5-year term effective April 1, 2027
Re-appointment of Shri Prakash Shah as Independent Director for a second 5-year term starting October 6, 2026
Managing Director Madhukar Parekh brings over 55 years of experience and is a Gold medalist from ICT
Independent Director Prakash Shah has over 4 decades of legal experience in commercial and tax litigation
Both appointments are subject to the approval of the company's shareholders
💼 Action for Investors
Investors should view this as a positive sign of management stability and continuity, particularly given the MD's deep industry expertise. No immediate action is required as these are standard leadership extensions.
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Vinyl Chemicals Re-appoints Madhukar Parekh as MD for 5-Year Term
Vinyl Chemicals (India) Limited has announced the re-appointment of Shri Madhukar Parekh as Managing Director for a further five-year term starting April 1, 2027. The board also approved the re-appointment of Shri Prakash Shah as an Independent Director for a second consecutive five-year term from October 2026 to October 2031. Shri Madhukar Parekh, who is also the Executive Chairman of Pidilite Industries, brings over 55 years of experience in the chemical industry. These appointments are subject to shareholder approval and ensure leadership continuity for the company.
Key Highlights
Shri Madhukar Parekh re-appointed as Managing Director for a 5-year term effective April 1, 2027
Shri Prakash Shah re-appointed as Independent Director for a second 5-year term until October 5, 2031
Managing Director Madhukar Parekh holds over 55 years of experience and is the Executive Chairman of Pidilite Industries
Appointments were recommended by the Nomination and Remuneration Committee and approved by the Board on April 24, 2026
💼 Action for Investors
Investors should welcome the continuity of experienced leadership, particularly given the MD's strong ties to Pidilite Industries. No immediate action is required as this represents a stable transition in management.
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Vinyl Chemicals Recommends Rs 7 Dividend; FY26 Net Profit Declines 26% to Rs 16.50 Crore
Vinyl Chemicals (India) Limited has recommended a final dividend of Rs. 7 per equity share for FY 2025-26, maintaining a strong payout despite a decline in earnings. While annual revenue grew by 4.3% to Rs. 652.44 crore, net profit fell from Rs. 22.33 crore to Rs. 16.50 crore. The profitability was impacted by a significant rise in foreign exchange expenses, which jumped to Rs. 10.07 crore from Rs. 3.79 crore in the previous year. The company's core trading business remains stable in terms of volume, but margins are under pressure due to currency volatility and higher purchase costs.
Key Highlights
Recommended a final dividend of Rs. 7 per equity share of face value Re. 1 for FY 2025-26.
Annual Revenue from operations increased to Rs. 652.44 crore vs Rs. 625.25 crore in FY25.
Net Profit for the full year decreased by 26% to Rs. 16.50 crore from Rs. 22.33 crore YoY.
Foreign exchange difference expense surged significantly to Rs. 10.07 crore from Rs. 3.79 crore.
Full-year Earnings Per Share (EPS) declined to Rs. 8.99 from Rs. 12.17 in the previous fiscal.
💼 Action for Investors
Investors may find the Rs. 7 dividend attractive for yield, but should be cautious about the declining profit margins and high sensitivity to foreign exchange fluctuations. Monitor the company's ability to manage trading costs and currency risks in the upcoming quarters.
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Vinyl Chemicals Shareholders Approve Two New Director Appointments with 99.9% Majority
Vinyl Chemicals (India) Limited has successfully passed two resolutions via postal ballot for board appointments. Shareholders approved the appointment of Shri Kavinder Singh as a Non-Executive Director and Ms. Gira Sardesai as an Independent Director. Both resolutions received overwhelming support, with 99.96% of the votes cast in favor. The voting process concluded on March 5, 2026, with a total of 9,324,543 votes polled, representing approximately 50.85% of the company's outstanding shares.
Key Highlights
Appointment of Shri Kavinder Singh as Non-Executive Director approved with 99.9674% votes in favor.
Appointment of Ms. Gira Sardesai as Independent Director approved via special resolution with 99.9674% support.
Total votes polled amounted to 9,324,543, representing 50.85% of the total share capital.
Promoter group cast 9,223,003 votes, all of which were 100% in favor of both resolutions.
The resolutions are deemed approved as of the last date of e-voting, March 5, 2026.
💼 Action for Investors
No immediate action is required as these are standard board appointments. Investors should note the high level of shareholder consensus which indicates stability in the company's governance.
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Vinyl Chemicals Q3 FY26 Revenue Up 15.8% YoY to ₹169 Cr; Net Profit Declines 9.8% to ₹4.52 Cr
Vinyl Chemicals (India) Limited reported a 15.8% YoY growth in revenue from operations to ₹169.48 crore for the quarter ended December 2025. However, net profit for the quarter saw a 9.8% YoY decline to ₹4.52 crore, largely due to a one-time impact of ₹1.85 crore related to the implementation of new Labour Codes. On a sequential basis, the company showed strong recovery with profit rising 57% from ₹2.88 crore in Q2 FY26. The 9-month net profit remains lower at ₹11.85 crore compared to ₹15.06 crore in the previous year.
Key Highlights
Revenue from operations increased 15.8% YoY to ₹169.48 crore in Q3 FY26.
Net profit for the quarter stood at ₹4.52 crore, down from ₹5.01 crore in Q3 FY25.
Employee benefit expenses included a ₹1.85 crore incremental impact from new Labour Code regulations.
9-month total income rose to ₹480.44 crore, up from ₹457.19 crore in the prior year period.
Basic EPS for the quarter was ₹2.47, compared to ₹2.74 in the same period last year.
💼 Action for Investors
Investors should note that the profit dip was partially due to a one-time regulatory adjustment in employee benefits; focus should remain on VAM trading margins and volume growth in upcoming quarters.
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Vinyl Chemicals Q3 PAT Rises 57% QoQ to ₹4.52 Cr; Revenue Up 16% YoY
Vinyl Chemicals (India) Limited reported a strong sequential recovery in Q3 FY26, with revenue from operations growing 11.6% QoQ to ₹169.48 crore. Net Profit increased significantly by 57% from the previous quarter to ₹4.52 crore, although it remains slightly lower than the ₹5.01 crore reported in Q3 FY25. The company's bottom line was impacted by a one-time incremental expense of approximately ₹1.85 crore related to the implementation of new Labour Codes. Despite this, the operational performance showed resilience in the chemical trading segment.
Key Highlights
Revenue from operations grew 15.8% YoY to ₹169.48 crore in Q3 FY26.
Net Profit (PAT) stood at ₹4.52 crore, a 57% jump from ₹2.88 crore in Q2 FY26.
Nine-month PAT declined to ₹11.85 crore compared to ₹15.06 crore in the previous year's corresponding period.
Employee benefit expenses included a ₹1.85 crore impact due to the notification of new Labour Codes.
Earnings Per Share (EPS) for the quarter improved to ₹2.47 from ₹1.58 in the preceding quarter.
💼 Action for Investors
Investors should focus on the strong sequential recovery in margins and revenue, which suggests improving demand in the chemical trading space. However, the year-on-year decline in nine-month profits warrants a cautious approach regarding long-term growth consistency.
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Vinyl Chemicals Q3 PAT at ₹4.52 Cr; Revenue Grows 15.7% YoY to ₹169.48 Cr
Vinyl Chemicals (India) Limited reported a 15.7% YoY growth in revenue from operations, reaching ₹169.48 crore for the quarter ended December 31, 2025. While Net Profit declined 9.8% YoY to ₹4.52 crore, it showed a significant sequential recovery of 57% compared to the previous quarter. The bottom line was impacted by a one-time provision of approximately ₹1.85 crore related to the implementation of new Labour Codes. The company continues to operate as a single-segment entity focused on chemical trading.
Key Highlights
Revenue from operations increased to ₹169.48 crore, up from ₹146.40 crore in the same quarter last year.
Net Profit for the quarter stood at ₹4.52 crore, compared to ₹5.01 crore YoY and ₹2.88 crore QoQ.
Employee benefit expenses rose significantly to ₹3.34 crore due to a ₹1.85 crore one-time impact from new Labour Code regulations.
Nine-month PAT for FY26 stands at ₹11.85 crore, down from ₹15.06 crore in the corresponding period of the previous year.
Earnings Per Share (EPS) for the quarter was ₹2.47, a recovery from ₹1.58 in the preceding quarter.
💼 Action for Investors
Investors should monitor the sequential improvement in margins and revenue growth, while noting that the YoY profit dip was largely due to a one-time regulatory provision. The stock remains a stable play within the chemical trading space with close ties to the Pidilite ecosystem.
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Vinyl Chemicals Appoints Kavinder Singh and Gira Sardesai to Board of Directors
Vinyl Chemicals (India) Ltd has appointed Kavinder Singh and Gira Sardesai as Additional Directors effective February 2, 2026. Kavinder Singh, the current Joint MD of Pidilite Industries, brings 38 years of leadership experience from ITC, Asian Paints, and Mahindra Group. Gira Sardesai, a CA and CPA with 35 years of experience, joins as an Independent Director after serving as Finance Director at Johnson & Johnson. These appointments strengthen the board with significant expertise in FMCG, hospitality, and global finance.
Key Highlights
Kavinder Singh appointed as Non-Executive Director bringing 38 years of experience in FMCG and hospitality.
Gira Sardesai appointed as Independent Director for a 5-year term with 35 years of global financial expertise.
Kavinder Singh currently serves as Joint Managing Director of Pidilite Industries Limited.
Gira Sardesai is a dual-qualified CA and CPA with previous leadership roles at Johnson & Johnson and ICICI Bank.
💼 Action for Investors
Investors should view these high-caliber appointments as a positive step for corporate governance and strategic oversight. The inclusion of a top Pidilite executive reinforces the strong operational links between the two entities.
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Vinyl Chemicals Appoints Kavinder Singh and Gira Sardesai to Board of Directors
Vinyl Chemicals (India) Limited has announced the appointment of two seasoned professionals to its Board of Directors effective February 2, 2026. Shri Kavinder Singh, the current Joint Managing Director of Pidilite Industries with 38 years of experience, joins as a Non-Executive Director. Ms. Gira Sardesai, a Chartered Accountant with over 35 years of global finance experience including roles at Johnson & Johnson, joins as an Independent Director for a five-year term. These appointments are expected to strengthen the company's strategic oversight and governance.
Key Highlights
Appointment of Shri Kavinder Singh, Joint MD of Pidilite Industries, as Non-Executive Director.
Appointment of Ms. Gira Sardesai as Independent Director for a 5-year term starting February 2, 2026.
Combined professional experience of over 73 years across FMCG, hospitality, and international finance.
Ms. Sardesai brings extensive global expertise from previous roles at Johnson & Johnson and British Petroleum.
💼 Action for Investors
Investors should view these high-caliber appointments as a positive move for corporate governance and strategic alignment with the Pidilite group. No immediate action is required, but the strengthened board is a long-term positive.
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Vinyl Chemicals (India) Reports Q3 and Nine Months Ended December 2025 Results
Vinyl Chemicals (India) Limited has released its unaudited financial results for the third quarter and nine-month period ending December 31, 2025. The Board of Directors approved the results in a meeting held on January 20, 2026, which included a Limited Review Report from statutory auditors. As a key trader of Vinyl Acetate Monomer (VAM), these results provide insight into the current demand and pricing environment within the chemical sector. Investors should examine the full financial statement for specific revenue and margin trends compared to previous periods.
Key Highlights
Board approved unaudited financial results for the quarter and nine months ended December 31, 2025.
Statutory Auditors M/s. Mehul Gada & Associates issued a Limited Review Report on the results.
The Board meeting was conducted on January 20, 2026, between 12:00 noon and 1:18 p.m.
Submission made in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
💼 Action for Investors
Investors should review the detailed profit and loss statement to assess trading margins and volume growth in the VAM segment. Compare the results against historical performance to determine if the company is maintaining its operational efficiency.