Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding Demise of Mr E. Balu, Whole Time Director of the company on February 28, 2026.
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Southern Petrochemicals Industries Corporation Limited (SPIC) has informed the stock exchange about the sudden demise of Mr. E. Balu, Whole-time Director of the company, on February 28, 2026. He was 59 years old and held DIN 08773795. Mr. Balu had over 34 years of experience in fertilizer plant operations, having joined SPIC in 1991 and later serving with Greenstar Fertilizers before returning to SPIC's board in July 2023. He was also the Chairman of the Fertilizer Association of India, Southern Region. The board has expressed deep condolences, and the required SEBI disclosures under Regulation 30 have been filed.
This is a leadership vacancy on the board following the sudden loss of an experienced Whole-time Director. Investors may monitor for updates on succession planning, as the company will need to fill this key managerial position, which could have short-term implications for operational continuity at SPIC.