Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Appointment of M/s B Chandra & Associates as Secretarial Auditor of the company for a period of 5 years.
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SPIC has informed the stock exchange about the appointment of M/s B Chandra & Associates, a firm of Practicing Company Secretaries, as the company's Secretarial Auditor. The appointment is for a period of five financial years, starting from FY 2025-26 up to FY 2029-30. The decision was approved by the Board of Directors on 8th May 2025, but it still needs to be confirmed by shareholders at the upcoming 54th Annual General Meeting. The firm is led by Ms. CS B Chandra, who brings 17 years of corporate law experience from her role with the Ministry of Corporate Affairs. The firm holds a valid peer review certificate from the Institute of Company Secretaries of India and works with companies in sectors like fertilisers, chemicals, automobiles, NBFC, real estate, and renewable energy.
This is a routine governance disclosure and a regulatory requirement under SEBI listing rules. It is unlikely to have any material impact on the stock price or shareholder value, as secretarial auditors are appointed to ensure compliance with corporate laws rather than to audit financials.