Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Appointment of Thiru V Dakshinamoorthy, IAS as Non- Executive Director of the company w.e.f. August 14, 2025.
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Southern Petrochemicals Industries Corporation (SPIC) has appointed Thiru V Dakshinamoorthy, a 2007-batch IAS officer, as a Non-Executive / Nominee Director on its board effective August 14, 2025. He will represent Tamilnadu Industrial Development Corporation Limited (TIDCO), a major shareholder linked to the Government of Tamil Nadu. Dakshinamoorthy currently serves as Agricultural Production Commissioner and Principal Secretary, Agriculture and Farmers Welfare Department in the Tamil Nadu government. The appointment is subject to approval by shareholders at the next general meeting. He has confirmed he is not debarred by SEBI or any other authority from holding a directorship.
This is a routine board-level change where a government-nominee director replaces/represents the TIDCO holding. No material impact on operations or share price is expected, as it reflects the promoter's (TIDCO's) continued representation on the board rather than a strategic shift.