Southern Petrochemical Industries Corporation Limited has informed the Exchange regarding Appointment of Mr. Narasimhan Raghunathan as Chief Financial Officer of the company w.e.f. May 23, 2026.
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Southern Petrochemicals has appointed Mr. Narasimhan Raghunathan as Chief Financial Officer effective 23rd May 2026. He is a qualified Chartered Accountant, Cost Accountant, and Company Secretary with approximately 25 years of experience in finance functions across manufacturing industries, having worked with companies like Greenstar Fertilizers, Elecon Engineering, KSB Pumps, ZF Wind Power, Ernst & Young, and Ashok Leyland. The current CFO, Mr. K R Anandan, who also serves as Whole-Time Director, will be relieved from the CFO role to focus on overall business growth. Mr. Anandan will continue as Whole-Time Director and Key Managerial Personnel. The Board made this decision based on recommendations from the Nomination and Remuneration Committee and Audit Committee.
This is a routine CFO transition that allows the existing Whole-Time Director to focus on business strategy while bringing in an experienced finance professional. No immediate shareholder impact is expected as both individuals will remain with the company in key leadership roles.