Southern Petrochemical Industries Corporation Limited has informed the Exchange about demise of Mr. E Balu, Whole Time Director of the Company on 28th February 2026
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SPIC has informed the stock exchange about the sudden passing of Mr. E Balu, Whole-time Director of the company, on 28th February 2026 at the age of 59. Mr. Balu had over 34 years of technical expertise in operating SPIC and Greenstar Fertilizer plants and was also Chairman of the Fertilizer Association of India, Southern Region. He joined SPIC in 1991 as a trainee, was transferred to Greenstar Fertilizers in 2011 under a business transfer agreement, and was inducted back onto SPIC's board as a Whole-time Director in July 2023. The company described his loss as 'irreparable' and acknowledged his significant contributions to project implementation, safety protocols, and key business decisions. The filing was made under SEBI Listing Regulations, and details have been submitted per the prescribed SEBI circular.
The sudden loss of a key Whole-time Director with deep operational expertise in fertilizer manufacturing could create short-term leadership uncertainty for SPIC. The board will need to fill the vacant position, and investors should watch for any announcement on a replacement, though day-to-day operations are unlikely to be immediately disrupted given the existing management depth.