Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding Cessation of Mr. K R Anandan as Chief Financial Officer of the company w.e.f. May 23, 2026.
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Southern Petrochemicals Industries Corporation has announced a change in its Chief Financial Officer role. Mr. K R Anandan is being relieved from the CFO position w.e.f. 23rd May 2026 to focus on his role as Whole-Time Director overseeing overall business growth. The company has appointed Mr. Narasimhan Raghunathan, a qualified Chartered Accountant, Cost Accountant, and Company Secretary with nearly 25 years of finance experience across manufacturing industries, as the new CFO from the same date. Mr. Anandan will continue as Whole-Time Director and Key Managerial Personnel.
This is a routine CFO transition within the company, with K R Anandan shifting focus to business growth responsibilities. The stock is unlikely to see significant movement from this change, as the outgoing CFO remains with the company in another senior role.