Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
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SPIC has issued a Postal Ballot notice seeking shareholder approval for the appointment of Tmt. Sweta Suman, IAS (DIN: 11292451) as a Nominee Director representing Tamilnadu Industrial Development Corporation Limited (TIDCO). She was initially appointed as an Additional Director on 13th November 2025, and the company is now seeking shareholder ratification through an Ordinary Resolution via e-voting. The e-voting window runs from 2nd January 2026 to 31st January 2026, with results to be announced within two working days of conclusion. Sweta Suman is a 2020-batch IAS officer, currently serving as Executive Director of TIDCO with additional charge as CEO of Chennai Metro Asset Management Limited. She is not related to any existing directors or KMPs, holds no shares in SPIC, and will be liable to retire by rotation. Other TIDCO nominees on the board include Mr. Sandeep Nanduri, IAS and Mr. V Dakshinamoorthy, IAS.
This is a routine board appointment of a government-nominee director on behalf of TIDCO (a promoter/promoter-group entity), and the Postal Ballot is a standard regulatory process to formalize her appointment. No material impact on shareholders or stock price is expected, as the resolution is ordinary in nature and likely to pass given TIDCO's stake in the company.