Vinyl Chemicals (India) logo

Vinyl Chemicals (India) MD, chairman, board of directors and AGM

NSE: VINYLINDIABSE: 524129Chemicals & PetrochemicalsSmall Cap

Last close ₹200.06down ₹5.89 (2.86%)BSE ₹199.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹205.95.

52-week range of traded prices to 23 Oct 2026
₹161.00Low, 30 Mar 2026₹293.70High, 16 Apr 2026
Market cap
₹367 Cr1,934th largest listed
P/E
19.7
P/B
2.8
Dividend yield
3.50%
ROE
14.5%
ROCE
9.0%
Debt to equity
0.00
Volume, NSE
9,50863.8% delivered

Vinyl Chemicals (India) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorMADHUKAR BALVANTRAY PAREKHRelated to the promoter
  • Company Secretary and Compliance OfficerAARTI FALORH

8 directors4 independent1 executive3 non-executive

  • MADHUKAR BALVANTRAY PAREKH · Chairperson and managing directorExecutive · joined May 1986 · reappointed Apr 2022 · 2 listed boards · 2 committee seats
  • NARENDRAKUMAR KALYANJI PAREKHNon-executive · joined May 1986 · reappointed Jun 2026 · 1 listed board
  • AJAY BALVANTRAY PAREKHNon-executive · joined Jan 2020 · reappointed Jul 2025 · 2 listed boards · 3 committee seats
  • PRAKASH DHARSHIBHAI SHAHIndependent · joined Oct 2021 · reappointed Oct 2021 · 60 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • LAKSHMANAN VISWANATHANIndependent · joined Mar 2024 · reappointed Mar 2024 · 31 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • SHAILASHRI BHASKARIndependent · joined Mar 2024 · reappointed Mar 2024 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • KAVINDER SINGHNon-executive · joined Feb 2026 · reappointed Feb 2026 · 2 listed boards
  • GIRA JAGDEESH SARDESAIIndependent · joined Feb 2026 · reappointed Feb 2026 · 8 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 Jul 20268 of 8 present4 independent · 96 days in between
    • 24 Apr 20267 of 8 present4 independent

  • Audit Committee

    Chair LAKSHMANAN VISWANATHAN

    SHAILASHRI BHASKAR, MADHUKAR BALVANTRAY PAREKH

    • 30 Jul 20263 of 3 present2 independent · 96 days in between
    • 24 Apr 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair LAKSHMANAN VISWANATHAN

    NARENDRAKUMAR KALYANJI PAREKH, PRAKASH DHARSHIBHAI SHAH, SHAILASHRI BHASKAR

    • 24 Apr 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair SHAILASHRI BHASKAR

    LAKSHMANAN VISWANATHAN, PRAKASH DHARSHIBHAI SHAH, AJAY BALVANTRAY PAREKH

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair NARENDRAKUMAR KALYANJI PAREKH

    MADHUKAR BALVANTRAY PAREKH, PRAKASH DHARSHIBHAI SHAH

    • 24 Apr 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Mehul Gada & AssociatesPeer-review certificate valid to Apr 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Vinyl Chemicals (India) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Vinyl Chemicals (India) dividend history

Annual general meeting, 5 Jun 2026

39,783 shareholders on the register on 29 May 2026; present: 24 promoters and 24 others; votes counted by MITESH DHABLIWALA / M/s PARIKH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the Financial Year ended March 31, 2026 together with the Directors’ Report and Auditors’ Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

  2. To declare Dividend on Equity Shares for the Financial Year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

  3. To appoint a Director in place of Shri N. K. Parekh (DIN: 00111518), who retires by rotation and being eligible, offers himself for re-appointment.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

  4. Approval for Material Related Party transactions with Pidilite Industries Limited.
    OrdinaryPromoters have an interest in it
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 1.11% · promoters 0.00% · institutions 0.00% · other public 2.24%

  5. Re-appointment of Shri M. B. Parekh (DIN: 00180955) as the Managing Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

  6. Approval for payment of commission to Non-Executive Directors (other than the Managing Director/Whole time Director of the Company).
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

  7. Approval for Re-appointment of Shri P. D. Shah (DIN: 00286277) as an Independent Director of the Company for a second term of five consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.26% · promoters 95.51% · institutions 0.00% · other public 2.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Mar 2026, 2 resolutions

40,396 shareholders on the register on 23 Jan 2026; votes counted by Shri Mitesh Dhabliwala / Parikh and Associates.The company's voting result (opens in a new tab)

  1. To consider and approve appointment of Shri Kavinder Singh (DIN:06994031) as Non-Executive Director of the Company.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.00%

    Turnout: all 50.85% · promoters 99.77% · institutions 0.00% · other public 1.12%

  2. To consider and approve appointment of Ms. Gira Sardesai (DIN: 02610502) as an Independent Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.00%

    Turnout: all 50.85% · promoters 99.77% · institutions 0.00% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Jul 2025, 4 resolutions

42,265 shareholders on the register on 23 Jul 2025; present: 29 promoters and 31 others; votes counted by MITESH DHABLIWALA / M/s PARIKH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the Financial Year ended 31st March, 2025 together with the Directors Report and Auditors Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 50.64% · promoters 99.42% · institutions 4.64% · other public 1.04%

  2. To declare Dividend on Equity Shares for the Financial Year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 50.63% · promoters 99.42% · institutions 4.64% · other public 1.04%

  3. To appoint a Director in place of Shri A.B. Parekh (DIN: 00035317), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 50.63% · promoters 99.42% · institutions 4.64% · other public 1.04%

  4. Appointment of Messrs Parikh and Associates, Practicing Company Secretaries as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 50.63% · promoters 99.42% · institutions 4.64% · other public 1.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Aug 2024, 4 resolutions

Present: 26 promoters and 26 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the Financial Year ended 31st March, 2024 together with Directors' Report and Auditors Report thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 50.72% · promoters 99.77% · institutions 0.00% · other public 0.86%

  2. To declare Dividend on Equity Shares for the Financial Year ended 31st March, 2024
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 50.72% · promoters 99.77% · institutions 0.00% · other public 0.86%

  3. To re-appoint Shri N K Parekh (DIN: 00111518) as a Diretor of the Company liable to retire by rotation.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 50.72% · promoters 99.77% · institutions 0.00% · other public 0.86%

  4. To appoint M/s Mehul Gada & Associates, Charated Accountnats (FRN:156057W) as Statutory Auditors of the Company for a term of five consecutive years from F.Y. 2024-2025 to 2028-2029
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 50.72% · promoters 99.77% · institutions 0.00% · other public 0.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Apr 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Shri L. Viswanathan (DIN:00193056) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 50.73% · promoters 99.52% · institutions 0.00% · other public 1.12%

  2. Appointment of Smt. Shailashri Bhaskar(DIN:08071081) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.72%

    Turnout: all 50.73% · promoters 99.52% · institutions 0.00% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Aug 2023, 3 resolutions

Present: 26 promoters and 27 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements for the Financial Year ended 31st March, 2023 together with the Directors Report and Auditors Report thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 50.78% · promoters 99.77% · institutions 0.00% · other public 0.99%

  2. To declare Dividend on Equity Shares for the Financial year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.37%

    Turnout: all 50.78% · promoters 99.77% · institutions 0.00% · other public 0.99%

  3. To appoint a Director in place of Shri A B Parekh (DIN 00035317), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 49.65% · promoters 97.51% · institutions 0.00% · other public 0.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2022, 4 resolutions

Present: 29 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To receive consider and adopt the Audited Financial Statements for the Year ended 31stMarch, 2022 together with the Directors' Report and Auditors' Report thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.06% · promoters 99.45% · institutions 53.66% · other public 0.34%

  2. To declare dividend on Equity Shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.06% · promoters 99.45% · institutions 53.66% · other public 0.34%

  3. To appointa Director in place of Shri NK Parekh, who retires by rotation and being eligible offers himself for re-appointment.
    Special
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 51.06% · promoters 99.45% · institutions 53.66% · other public 0.34%

  4. To Shri P D Shah as an Independent Director of the Company to hold office for 5 Consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 51.06% · promoters 99.45% · institutions 53.66% · other public 0.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2021, 5 resolutions

Present: 28 promoters and 31 others.The company's voting result (opens in a new tab)

  1. Ordinary Resolution for Adoption of Audited Financial Statements of the Company together with the reports of Board of Directors and Auditors thereon for the year ended 31st March, 2021.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 50.40% · promoters 98.57% · institutions 0.00% · other public 1.02%

  2. Ordinary Resolution for Declaration of Dividend on Equity Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 50.40% · promoters 98.57% · institutions 0.00% · other public 1.02%

  3. Ordinary Resolution for re-appointment of Shri A.B. Parekh as a Director who retires by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 50.40% · promoters 98.57% · institutions 0.00% · other public 1.02%

  4. Special Resolution for re-appointment of Shri M B Parekh as the Managing Director, for a further period of 5 Years with effect from 1st April, 2022.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 50.40% · promoters 98.57% · institutions 0.00% · other public 1.02%

  5. Special Resolution for payment of commission to Non-Executive Directors for a period of 5 years commencing from 1st April, 2022.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.98%

    Turnout: all 50.40% · promoters 98.57% · institutions 0.00% · other public 1.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeMaharashtra Sales Tax TribunalSince 10 Oct 2014
    Next Tribunal hearing date is 03-12-2026
  • Tax disputeMaharashtra Sales Tax TribunalSince 28 Mar 2014
    Next Tribunal hearing date is on 03-12-2026
  • Tax disputeJC (Appeal), Sales Tax Office, MumbaiSince 9 Sep 2016
    The matter is kept sine die in view of Adani Export reference pending in high court. Hearing notice awaited from Office JC App-VIII
  • Tax disputeJC (Appeal V), MumbaiSince 12 Mar 2014
    Next Tribunal hearing date is 03-12-2026
  • Tax disputeJC (Appeal I), MumbaiSince 31 Jan 2015
    Next Tribunal hearing date is on 22-10-2026

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 5 complaints open, quarter to Jun 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.