Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Appointment of Mr K R Anandan as Whole time Director (Finance) and Chief Financial Officer of the company w.e.f. February 13, 2026.
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.2 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SPIC announced two key board appointments at its meeting on February 13, 2026. Mr. K R Anandan (62), a Chartered Accountant with 33+ years of experience across fertilizers, petrochemicals, sugar, and energy sectors, has been appointed as Whole-time Director (Finance) and Chief Financial Officer for 3 years. The filing suggests he was already functioning as CFO and is now being formally elevated to the board. Additionally, Mr. Manikkan Sangameswaran (57), former Executive Director & CEO of Radiance Renewables with nearly three decades in renewable energy, infrastructure, and investment banking, has been appointed as Non-Executive Independent Director for 5 years. Both appointments are subject to shareholder approval.
The appointments strengthen SPIC's leadership with deep finance expertise (K R Anandan) and renewable energy/investment banking know-how (Sangameswaran). For shareholders, this signals board renewal and could hint at the company's strategic interest in clean energy and capital markets. Both appointments remain conditional on shareholder nod at the next general meeting.