Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Resignation of Mr P Shanmugam as Senior Management Personnel of the company w.e.f. March 31, 2025.
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Southern Petrochemical Industries Corporation Limited (SPIC) informed the exchange that Mr. P. Shanmugam, Deputy General Manager (Maintenance) and a Senior Management Personnel, has resigned from the company effective March 31, 2025. He cited career growth and pursuit of new opportunities as the reason, with no other material reason disclosed. Mr. Shanmugam had been with SPIC for around 29 years. The intimation to the exchange was delayed due to administrative reasons and was filed on May 13, 2025, with the original resignation letter dated January 3, 2025.
This is a routine senior-level operational departure (maintenance function) and is unlikely to have any material impact on the company's business or shareholders. The resigning person was not part of the board or key managerial personnel such as CEO/CFO/Company Secretary.