Announced Mon, 23 Mar · 18:46 IST

Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

SPIC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹58.55
prior close
₹60.50
base price
After-mkt
timing
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-1.2-1.0-0.5-1.5+4.3-0.1-5.4+4.2+5.6+6.8+20.2+17.7+22.6+18.9
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AI summary

SPIC has re-designated Mr. K R Anandan (DIN: 00314502) as Whole-Time Director with effect from 23rd March 2026, for a term ending 12th February 2029. He was originally appointed as Whole-Time Director (Finance) on 13th February 2026, and the change is essentially a broadening of his title from 'Finance' to a general Whole-Time Director role. He will continue to serve as the company's Chief Financial Officer (CFO). The re-designation is subject to shareholder approval. Mr. Anandan is a qualified Chartered Accountant, Cost Accountant and Company Secretary with over 33 years of experience across sectors including fertilizers, petrochemicals, energy and sugar.

Likely market impact

This is a routine internal re-designation with no change in leadership or financial control — the same person continues to run finance and now also serves more broadly as Whole-Time Director. No material impact expected on shareholders or stock price.