Southern Petrochemicals Industries Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
SPIC · price
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Awaiting price reaction for this filing.
SPIC has appointed Tmt. D Sneha, IAS (DIN: 10727958), as a Nominee Director on its Board, effective 8th May 2025. She represents Tamilnadu Industrial Development Corporation Limited (TIDCO), a state government entity, and was appointed as an Additional Director at the Board Meeting held the same day. She is a 33-year-old 2017-batch IAS officer, B.Tech graduate, and currently serves as Executive Director of TIDCO with multiple directorship roles across Tamil Nadu state government companies. The appointment is subject to shareholder approval, and she has confirmed she is not disqualified by any regulatory authority.
This is a routine government nominee director appointment and is unlikely to materially affect the stock price. It reinforces TIDCO's continued representation on SPIC's board, which matters given TIDCO is a key shareholder of the company.