Vishnu Chemicals : Split of shares

October 31, 2022	VCL/SE/67/2022-23
To	To
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Bandra-Kurla Complex
Dalal Street, Mumbai - 400 001	Bandra (East), Mumbai 400 051
Scrip Code: 516072	Symbol: VISHNU
Through: BSE Listing Centre	Through: NSE Digital Exchange

SUB: Outcome of the Board Meeting held on 31st October 2022 and Cut-Off Date for dispatch of Postal Ballot Notice and reckoning of E-Voting Rights.

Dear Sir,

Further to our letter dated October 3, 2022 and pursuant to Regulation 30 read with Regulation 33 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. October 31, 2022, has inter alia, considered and approved the following:

1. Approved Un-Audited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2022 and the same are enclosed herein along with limited review reports thereof as Annexure A;
2. Approved the Sub-Division/ Split of 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) fully paid up into 5 (Five) Equity Shares of Rs. 2/- (Rupees Two Only) each fully paid up, subject to the approval of the Members of the Company and regulatory/statutory approvals as maybe required. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges.
   The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated September 9, 2015 is enclosed herewith as Annexure B;
3. Approved consequential alteration of the Capital Clause i.e., Clause V of the Memorandum of Association of the Company, subject to the approval of the Members of the Company;
4. Approved the Notice of Postal Ballot and fixed the Cut-Off Date i.e., Friday, November 11, 2022 for the purpose of dispatch of Postal Ballot Notice and reckoning of E-Voting Rights.

The meeting of Board of Directors commenced at 12 Noon and concluded at about 1:30 PM.

A copy of this disclosure is being uploaded on the website of the Company www.vishnuchemicals.com. Kindly take the same on record and disseminate on your website.

Thanking You.

Yours faithfully,

For Vishnu Chemicals Limited

Vibha Digitally signed by Vibha Shinde ShindeDate: 2022.10.31 14:01:24 +05'30'

Vibha Shinde

Company Secretary & Compliance Officer

M No: F8466

Annexure B

Details of Sub-Division/ Split of Equity Shares of the Company

(pursuant to SEBI (LODR) Regulations, 2015 read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 9th

September, 2015)

		Particulars		Details
Split Ratio				5:1 i.e., for every 1 (one) equity share of Rs.10/- (Rupees Ten
					Only), 5 (five) equity Shares of Rs.2/- each (Rupees Two Only)
Rationale behind the split		To enhance the liquidity in the capital market, to widen
					shareholder base and to make the shares more affordable to
					small investors.
Pre and post share capital		The details are provided in the note given below
Expected time of completion		Within 3 months from the date of shareholder's approval
Class of shares which are sub-	Equity Shares
divided
Number of shares of each class	The details are provided in the note given below
pre and post split
Number of shareholders who did	Not Applicable
not	get	any	shares	in
consolidation and their pre-
consolidation shareholding
Note:

Details of pre and post Share Capital structure and number of Equity Shares Pre and Post Split:

Type of	Pre Sub Division Share Capital	Post Sub Division Share Capital
Capital	Structure			Structure
	No of	Face	Total share	No of	Face	Total share
	Shares	Value	capital (Rs.)	Shares	Value	capital (Rs.)
		(Rs.)			(Rs.)
Authorised
Equity	15,000,000	10	150,000,000	75,000,000	2	150,000,000
Preference	80,000,000	10	800,000,000	80,000,000	10	800,000,000
Total	95,000,000		950,000,000	155,000,000		950,000,000
Issued and Subscribed Capital
Equity	11,946,020	10	119,460,200	59,730,100	2	119,460,200
Preference	76,637,500	10	766,375,000	76,637,500	10	766,375,000
Total	88,583,520		885,835,200	136,367,600		885,835,200
Paid Up Capital
Equity	11,946,020	10	119,460,200	59,730,100	2	119,460,200
Preference	76,637,500	10	766,375,000	76,637,500	10	766,375,000
Total	88,583,520		885,835,200	136,367,600		885,835,200

Vibha

Shinde

Digitally signed by Vibha Shinde Date: 2022.10.31 14:01:44 +05'30'