Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
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Southern Petrochemicals Industries Corporation is seeking shareholder approval via postal ballot for four items: (1) appointment of Mr. Manikkan Sangameswaran as Independent Director for 5 years from February 2026; (2) appointment of Mr. K R Anandan as Director; (3) appointment of Mr. K R Anandan as Whole-Time Director from February 2026 to February 2029 with annual remuneration of Rs. 93.12 lakh plus Rs. 18 lakh performance pay; and (4) payment of Rs. 15 lakh special incentive to Mr. E Balu for FY 2024-25. The company notes that Mr. E Balu, Whole-Time Director, passed away on 28th February 2026, so the special incentive will be paid to his legal heirs. Voting period runs from 9th April 2026 to 8th May 2026.
The appointments strengthen the board and executive leadership, with K R Anandan taking on expanded responsibilities as Whole-Time Director while continuing as CFO. The special incentive payment to Mr. E Balu's legal heirs reflects recognition of his contribution before his untimely demise.