Agreements

Date: September 7, 2026 VCL/SE/51/2026-27 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai -400 051 Scrip Code: 516072 NSE Symbol: VISHNU Through: BSE Listing Centre Through: NEAPS Dear Sir/ Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Execution of Joint Venture Agreement between Vishnu Chemicals Limited, India and DCX Chrome SAS, France. Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we hereby inform you that Vishnu Chemicals Limited (“the Company”) has entered into a joint venture agreement (“JV Agreement”) with DCX Chrome SAS (“DCX”) having registered office at 68 rue Jean Jaures, 59770 Marly, France for setting up a greenfield manufacturing facility at Vishakhapatnam, Andhra Pradesh, India, with a proposed facility of 6,000 tonnes per annum (TPA) of high purity chromium metal. For this purpose, the Company and DCX will incorporate a joint venture company in India ("JV Company"), which will be owned by the Company and DCX in the ratio of 50:50. The details as required under Regulation 30 of the SEBI Listing Regulations read applicable SEBI circulars are enclosed herewith as ‘Annexure – A’ and ‘Annexure – B’. The aforesaid information is also being placed on the website of the Company at www.vishnuchemicals.com. This is for your information and records. Thanking you. For Vishnu Chemicals Limited Vibha Shinde Company Secretary & Compliance Officer Annexure A Disclosure under Para A(5) of Part A of Schedule Ill to the Regulation 30 of SEBI Listing Regulations. S No Particulars Details 1. Name of the party with whom the agreement DCX Chrome SAS, France has been entered into 2 Purpose of entering into the agreement To establish a 50:50 joint venture Company in India for setting up a greenfield manufacturing facility at Vishakhapatnam, Andhra Pradesh, India with a proposed capacity of 6,000 TPA of high purity chromium metal. 3 Shareholding, if any, in the entity with whom Nil, the Company does not presently the agreement is executed hold any shareholding in DCX Chrome SAS. Upon incorporation of the JV Company, the Company and DCX will each subscribe to and hold 50% of its equity share capital. 4 Significant terms of the agreement (in brief) The JV Company shall be owned by special rights like right to appoint directors, first Vishnu Chemicals Limited and DCX right to share subscription in case of issuance Chrome SAS in the ratio of 50:50. of shares, right to restrict any change in capital Each joint venture partner shall have structure equal representation on the Board of the JV Company. Certain identified/reserved matters shall require the affirmative consent of both joint venture partners. The JV Agreement also contains customary provisions relating to transfer of shares, pre-emptive rights, funding, deadlock resolution and other rights and obligations of the joint venture partners. 5 Whether the parties are related to the No promoter/ promoter group/ group companies in any manner. If yes, nature of relationship 6 Whether transaction would fall within related The execution of the JV Agreement party transactions? If yes, whether the same is and the initial subscription to the share done at “ arms length” capital of the JV Company do not constitute a related party transaction for the Company. Upon incorporation and subscription, the JV Company will become a related party of the Company in accordance with applicable accounting standards and other applicable provisions. 7 In case of issuance of shares to the parties, Not applicable. No shares or securities details of issue price, class of shares issued of Vishnu Chemicals Limited are being issued to DCX pursuant to the JV Agreement. The JV Company will initially have paid-up equity share capital of INR 1,00,000, to be subscribed by the Company and DCX in equal proportion of 50% each. 8 Any other disclosures related to such Each joint venture partner will be agreements viz, details of the nominees on the entitled to equal representation on the Board of Directors of listed company, potential Board of the JV Company. No conflict of interest arising out of such nominee of DCX is proposed to be agreements etc appointed to the Board of Directors of Vishnu Chemicals Limited pursuant to the JV Agreement. 9 In case of termination or amendment of the Not applicable at present. Any agreement, listed company shall disclose amendment or termination of the JV additional details to the stock exchange (s): Agreement will be disclosed in accordance with applicable regulatory a)name of the parties to the agreement requirements. b)nature of the agreement c)date of execution of the agreement d)details of amendment and impact thereof or reasons of termination and impact thereof Annexure B Disclosure under Para B(2) of Part A of Schedule Ill to the Regulation 30 of SEBI Listing Regulations. S No Particulars Details 1. Name of the entity(ies) with whom agreement/ DCX Chrome SAS, wholly owned JV is signed subsidiary of Delachaux Group, France 2 Area of agreement/JV Same as Sr. no. 2 of Annexure A. 3 Domestic / international Domestic - the JV Company and the manufacturing facility will be located in India. DCX Chrome SAS is incorporated in France. 4 Share exchange ratio / JV ratio 50:50 5 Scope of business operation of agreement / JV JV Company to be incorporated for setting up a greenfield manufacturing facility at Vishakhapatnam, Andhra Pradesh, India with a proposed capacity of 6,000 TPA of high purity chromium metal. 6 Details of consideration paid / received in The proposed equity share paid-up agreement / JV capital at the time of incorporation of JV shall be INR 1,00,000 (Rupees One lakh Only). Based on the funding requirements, both the Companies will contribute in equal proportion of 50% each. 7 Significant terms and conditions of agreement / Same as Sr. no. 4 of Annexure A. JV in brief 8 Whether the acquisition would fall within Not Applicable related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 9 Size of the entity(ies) Turnover details: Vishnu Chemicals Limited, India FY 2025-26 – Rs 1600 crores DCX Chrome SAS, wholly owned subsidiary Delachaux Group, France FY 2024-25- € 122 million Delachaux Group, France FY 2024-25- € 1013 million 10 Rationale and benefit expected The Joint venture secures seamless access to DCX’s technology with assured supply of raw material from VCL, leading to production of high purity chromium metal.