Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Appointment of Mr Manikkan Sangameswaran as Non- Executive Independent Director of the company w.e.f. February 13, 2026.
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SPIC announced two board-level appointments at its meeting on February 13, 2026. Mr. Manikkan Sangameswaran has been appointed as Non-Executive Independent Director for a 5-year term; he brings nearly 30 years of experience across renewable energy, infrastructure, and investment banking, with prior leadership at ICICI Venture, Babcock & Brown, ABN AMRO, and as CEO of Radiance Renewables. Mr. K R Anandan has been appointed as Whole Time Director (Finance) and Chief Financial Officer for a 3-year term; he is a qualified Chartered Accountant, Cost Accountant and Company Secretary with over 33 years of experience across manufacturing, fertilizers, petrochemicals, energy and sugar sectors. Both appointments are subject to shareholder approval, and neither appointee is related to existing directors or debarred by any regulator.
The new appointments strengthen board oversight with renewable energy and investment banking expertise, while a sector-experienced CFO should support financial governance, funding access, and government incentive recovery — modestly positive for governance and execution credibility.