Announced Mon, 13 Jul · 19:59 IST
SPIC: TIDCO nominee director Sandeep Nanduri ceases, replaced by Dr D Karthikeyan
Management Changes View source PDF
SPIC · price
▲ 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
-1.5%1-day move
₹68.15
prior close
₹68.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.0-0.1-0.6-1.5-1.9-2.9-2.0-2.0-5.0————
Up moveDown movePending
AI summary
SPIC Ltd informed that Mr Sandeep Nanduri, IAS, Non-Executive Nominee Director of TIDCO, ceased as Director effective July 13, 2026 due to withdrawal of his nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO). TIDCO has nominated Dr D. Karthikeyan, IAS, Chairman and Managing Director of TIDCO, as his replacement on the SPIC board. No other material reasons were cited for the change.
Likely market impact
Routine nominee director rotation by TIDCO, a government shareholder. No governance red flag. Senior IAS officer Dr D Karthikeyan takes the seat.