Annual Report for the FY 2025-26 is enclosed.

Date: August 06, 2026 VCL/SE/41/2026-27 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 Sub: Annual Report for the FY 2025-26 under Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 34(1) of the Listing Regulations, please find enclosed the Integrated Annual Report of the Company along with the Notice of the 33rd Annual General Meeting and other Statutory Reports for the Financial Year 2025-26, which is also being circulated through electronic mode to those Members whose e-mail addresses are registered with the Company/ Registrar and Transfer Agent/ Depositories. The same is also available on the website of the Company at Integrated Annual Report This is for your information and records. For Vishnu Chemicals Limited Vibha Shinde Company Secretary & Compliance Officer Encl: As above 33rd Annual Report 2025-26 Coherent Chemistry Consistent Growth ACROSS THE PAGES Coherent Chemistry Consistent Growth ‘Coherent Chemistry. Consistent Growth.’ Corporate Overview 01 Financial Statements 123 embodies the essence of Vishnu Chemicals Limited’s (VCL) journey, where science, precision and purpose Setting the Context 02 Standalone 124 come together to create enduring value. Rooted in the principle of (Prosperity through About Us 04 Consolidated 170 Balance), our approach reflects the harmony between Our Presence 06 Notice 217 innovation and discipline, growth and responsibility, performance and sustainability. Chairman and Managing Director’s Message 08 Chemistry, at its core, is the science of balance and Joint Managing Director’s Message 10 Scan this QR code to access the coherence. At VCL, this philosophy extends beyond our Investing for Tomorrow 12 Investor Relations page: products and processes. Through coherent chemistry, Precision Products across Industries 14 we have transformed deep technical expertise into a diversified and flexible speciality chemicals platform, Business Model 18 capable of serving evolving customer needs while Stakeholder Engagement 20 creating sustainable value for all stakeholders. Risk Management 22 Our portfolio of Chromium, Barium and Strontium chemicals is a reflection of our manufacturing Financial Scorecard 24 excellence, process expertise and the perseverance Environmental 26 of our people. Together, they support a wide range of industries, enabling applications that power modern Social 28 Investor Information infrastructure, industrial progress and everyday life Governance 30 through precision, performance and reliability. Corporate Information 34 Market Capitalisation : ` 3,283.97 Cr Every production facility represents a thoughtful (as of March 31, 2026) integration of technology, expertise and responsible manufacturing practices. It is through this balance CIN : L85200TG1993PLC046359 that we continue to strengthen operational resilience, enhance customer trust and build long-term BSE Code : 516072 competitiveness. NSE Symbol : VISHNU At VCL, consistency is not an aspiration; it is the Statutory Reports 35 Dividend Declared : ` 0.30 per share (15%) outcome of disciplined execution, continuous improvement and a relentless focus on doing the Management Discussion and Analysis 35 AGM Date : August 28, 2026 fundamentals right. Manufacturing depth, backward integration, product diversification and customer- Board’s Report 50 AGM Mode : Video Conferencing/ centric execution work together with a shared sense of Other Audio-Visual Mode Report on Corporate Governance 78 purpose. Business Responsibility & This year, coherence found expression in several Sustainability Report 99 important milestones. The commercialisation of our Strontium Carbonate manufacturing facility addresses demands across magnets, electronics and advanced industrial applications. The successful completion of the largest acquisition in our history strengthened long- Disclaimer term resource security. This document contains statements about expected future events and financials of Vishnu Chemicals Limited (‘Our Company’), which are forward-looking. By their nature, forward-looking statements require our Company to make assumptions and are subject to inherent risks and uncertainties. There is a As we move forward, समत्वे सुसमृि�ः will continue to significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place guide our purpose, advancing coherent chemistry and undue reliance on forward-looking statements, as several factors could cause assumptions, actual future results, and events to differ materially from those delivering consistent growth through the enduring expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. power of balance. Corporate Overview Statutory Reports Financial Statements SETTING THE CONTEXT Amid Shifting Global Dynamics Global uncertainty, geopolitical disruptions and evolving industrial demand reshaped the chemicals landscape during the year. While these developments created near-term challenges, they also unlocked long-term opportunities for VCL’s integrated manufacturing. Navigating through Global The Rise of Localised Securing the Foundations of Positioned for Tomorrow’s Crosscurrents Manufacturing Growth Industries The global operating environment during 2025-26 Geopolitical uncertainty prompted companies Volatility in commodity prices, energy markets, Global investments across magnets, batteries, remained impacted by heightened geopolitical worldwide to reassess supply-chain dependencies and global logistics continued to reinforce the electronics, aerospace, defence, renewable energy tensions. Concurrently, tariff uncertainties and and accelerate localisation. importance of resource security. and advanced industrial manufacturing are driving cautious industrial demand influenced customer new demand for speciality and inorganic chemicals. procurement behaviour worldwide. This is further amplified by India’s accelerating domestic industrial expansion. What This Changes for the Industry What This Changes for the Industry What This Changes for the Industry What This Changes for the Industry For the chemicals industry, such disruptions Indian chemical manufacturers with technical Chemical manufacturers with access to integrated Products aligned with future industrial ecosystems directly impact logistics costs, raw material capabilities and scalable operations are raw material ecosystems can improve resilience, are expected to witness stronger demand visibility movement, freight availability and customer increasingly positioned to become trusted long- enhance supply visibility and reduce exposure to and strategic relevance. inventory planning. term suppliers across global markets. external volatility. Where We See the Opportunity Where We See the Opportunity Where We See the Opportunity Where We See the Opportunity The evolving global environment creates Localisation creates opportunities to enter into Backward integration creates opportunities to We are well positioned to participate in these opportunities for dependable and integrated niche chemistries where we have strong know-how. strengthen long-term competitiveness while high-growth applications through portfolio manufacturers capable of ensuring supply improving operational stability. diversification and speciality product expansion. continuity and responsiveness across markets. How We Are Responding How We Are Responding How We Are Responding How We Are Responding V [Showing first 8,000 characters — download PDF for full document]