VCI Chemical Industries Pvt Ltd Unlisted Shares

VCI Chemical Industries operates in the chemical manufacturing sector, with a focus on coal tar distillation and related chemical products. The company has also been developing manufacturing capacity at Kalinganagar Industrial Area in Jajpur district, Odisha.

As an unlisted company, investors should consider the company's corporate records, financial information, project status, financing and applicable liquidity risks when evaluating its shares.

What Does VCI Chemical Industries Do?

VCI Chemical Industries is engaged in coal tar distillation and the production of coal-tar-derived products, including coal tar pitch and other distillates.

Coal tar distillation separates different fractions of coal tar that can be processed into industrial chemical products. These products can be used in applications associated with industries such as aluminium, electrodes and other heavy industrial processes.

The company's expansion in Odisha is centred on a greenfield coal tar distillation facility, making project development and commissioning relevant when assessing the company's business.

A separate guide covers VCI Chemical Industries business model in more detail

VCI Chemical Industries Plant and Project

VCI Chemical Industries has been developing a 1,00,000 TPA greenfield Coal Tar Distillation Plant at Kalinganagar Industrial Area in Jajpur district, Odisha.

Environmental documentation identifies the project at Jakhapura and Kachharigaon villages over approximately 22 acres. The project received environmental clearance in August 2024.

The company's May 2026 rights issue document stated that the new plant was approximately 86% complete and expected to be commissioned from October 2026. It also stated that the proposed rights issue proceeds would be used partly for new plant commissioning, capacity scale-up and working capital.

Project Execution, Funding and Commissioning

The stated project capacity does not by itself establish future production or financial performance. The next important stages are completion, commissioning, regulatory compliance and production ramp-up.

The May 2026 rights issue comprised 56 lakh equity shares at ₹50 per share, giving a stated issue size of ₹28 crore. The company stated that the proceeds would support expansion, new plant commissioning and working capital.

Investors should therefore monitor the actual commissioning date, additional funding requirements, operating approvals and subsequent utilisation of the facility. Potential risks include construction delays, cost increases, working-capital requirements and slower-than-expected production ramp-up.

VCI Chemical Industries Financials

VCI Chemical Industries reported ₹32.59 lakh of revenue from operations, ₹1.35 crore of total income and a ₹3.34 lakh net loss in FY2025. Total assets were approximately ₹80.47 crore, while shareholders' funds stood at about ₹56.20 crore.

VCI Chemical Industries Profit and Loss

The FY2025 figures show that revenue from operations was substantially lower than total income, with approximately ₹1.03 crore reported as other income. Therefore, total income should not be interpreted as equivalent to operating or manufacturing revenue.

The company reported a net loss of approximately ₹3.34 lakh for FY2025. These figures are historical and should not be treated as a forecast of future performance.

VCI Chemical Industries Balance Sheet

The balance sheet shows approximately ₹80.47 crore of total assets and ₹56.20 crore of shareholders' funds in FY2025. Capital work in progress stood at approximately ₹22.98 crore, which is relevant in the context of the company's manufacturing-project development.

VCI Chemical Industries Debt and Financing

Based on the available FY2025 financial information, non-current liabilities were approximately ₹21.64 crore, with a reported debt-to-equity ratio of around 0.39x.

Separately, corporate records show an open charge of approximately ₹121.8 crore in favour of SBICAP Trustee Company Limited, created on 13 August 2024.

An open charge represents security registered against company assets and should not automatically be treated as current outstanding debt. A registered charge, sanctioned facility and actual outstanding borrowing can represent different amounts.

VCI Chemical Industries Rights Issue

VCI Chemical Industries announced a rights issue of 56 lakh equity shares at ₹50 per share, with a stated issue size of ₹28 crore. The record date was 15 May 2026, while the issue opened on 29 May 2026 and closed on 17 June 2026.

The ₹50 issue price comprised a ₹10 face value and ₹40 premium. The company stated that the proceeds would be used for expansion, commissioning of the new plant and working capital.

The basic issue calculation is:

56 lakh shares × ₹50 = ₹28 crore

The rights issue is now a closed corporate action, rather than a current offer available for subscription. Investors should distinguish between the original rights issue terms and the company's subsequent share capital. The actual post-issue share capital and allotment should be checked against subsequent corporate filings rather than assumed solely from the original offer document.

VCI Chemical Industries Unlisted Share Details

VCI Chemical Industries Limited is a public, unlisted chemical manufacturing company incorporated on 31 May 2021. The company was formerly known as VCI Chemical Industries Private Limited and is registered under CIN U24299UP2021PLC146691. Its registered office is in Kanpur, Uttar Pradesh.

VCI Chemical Industries shares are not traded on NSE or BSE. Therefore, unlike listed stocks, the company does not have a continuously discovered exchange price or an exchange order book for buying and selling its shares.

The indicative VCI Chemicals unlisted share price and availability shown on this page can change based on market conditions, quantity and seller availability

How to Buy or Sell VCI Chemical Industries Unlisted Shares

VCI Chemical Industries shares are traded in the unlisted market rather than on NSE or BSE. Investors looking to buy can check the latest indicative VCI Chemical Industries unlisted share price, available quantity and transaction terms before completing the required KYC and demat-transfer process.

Existing shareholders looking to sell can enquire about the current buying price and buyer availability. Since VCI shares are unlisted, liquidity depends on available buyers and the agreed transaction terms, and an exit may take longer than for an exchange-listed security.

For the latest VCI Chemical Industries share price and availability, contact Unlisted Valley.

Risks of Buying VCI Chemical Industries Unlisted Shares

VCI Chemical Industries unlisted shares involve both company-specific risks and the additional risks associated with unlisted securities.

Limited Liquidity

There is no continuous NSE or BSE market for VCI shares. Investors may therefore have to wait for a suitable buyer, and the eventual selling price may differ from the purchase price.

Project Execution Risk

The company's expansion depends partly on successful completion and commissioning of its Odisha project. Delays, cost increases, approvals or slower-than-expected production ramp-up could affect the timing and economics of the expansion.

Early-Stage Operating Financials

FY2025 revenue from operations was ₹32.59 lakh and the company reported a net loss of ₹3.34 lakh. The available financial information therefore reflects a relatively small operating revenue base at this stage.

Financing Requirements

The company has used external financing and a rights issue to support its expansion. Future borrowing, working-capital requirements, project funding and additional capital raising should be monitored.

Environmental and Regulatory Proceedings

VCI Chemical Industries has been involved in proceedings before the National Green Tribunal concerning its Odisha project.

In Subrat Kumar Sahoo v. State of Odisha & Ors., O.A. No. 194/2025/EZ, allegations concerning excavation of morrum and cutting of trees in connection with the project were raised. The company disputed the allegations. The Tribunal subsequently considered a joint committee report and continued proceedings in the matter.

This should be treated as a regulatory and environmental consideration when assessing the Odisha project. The allegations should not be presented as established wrongdoing without a final determination supporting that conclusion.

Learn more about the key risks of investing in unlisted shares before making an investment decision.

What Should You Check Before Buying VCI Chemical Industries Shares?

Before buying VCI Chemical Industries shares, consider:

• Current indicative share price and available quantity
• Latest financial statements
• Revenue from operations and profitability
• Total assets, liabilities and borrowings
• Registered charges and financing arrangements
• Progress of the Odisha manufacturing project
• Rights issue and subsequent share-capital changes
• Environmental and regulatory developments
• Liquidity and potential exit options
• Applicable lock-in or transfer restrictions
• Purchase price relative to the company's financial position

For an unlisted company, the purchase price should be considered alongside the underlying business, financial position, project execution, capital requirements and potential liquidity rather than viewed in isolation.

Information and Pricing Disclosure

The information on this page is provided for informational purposes and is based on publicly available corporate, financial, regulatory and company-related documents available at the time of publication or update.

Financial figures are historical and should not be interpreted as forecasts. Current unlisted-share prices and availability can change frequently and should be confirmed before placing a transaction.

Unlisted Valley facilitates transactions in unlisted securities, including VCI Chemical Industries shares. Information on this page should not be treated as a guarantee of future returns, valuation or liquidity. Investors should independently evaluate the company, applicable risks and transaction terms before investing.