Southern Petrochemical Industries Corporation Limited has submitted the Exchange a copy Scrutinizers report of 54th Annual General Meeting held on September 23, 2025
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SPIC held its 54th Annual General Meeting on September 23, 2025, via video conferencing, and submitted the Scrutinizer's Report on e-voting results to the NSE. Seven resolutions were voted on, and all were passed with overwhelming shareholder support (over 99.6% in favor for each). The resolutions covered routine items including adoption of audited financial statements for FY25, declaration of a dividend on equity shares, re-appointment of Mr. E Balu as Director (retiring by rotation), and appointment of Thiru. V Dakshinamoorthy (IAS) as Nominee Director representing Tamilnadu Industrial Development Corporation. Other resolutions included appointing M/s. B Chandra & Associates as Secretarial Auditors for five years, ratifying the Cost Auditors' remuneration for FY26, and approving remuneration for Non-Executive Directors (passed as a Special Resolution).
All resolutions were approved with near-unanimous support (99.6% to 99.999%), indicating strong shareholder confidence in management. The dividend declaration is a direct cash benefit for equity shareholders, while the director re-appointments and auditor changes are routine corporate housekeeping with no material impact on the stock price.