Announced Mon, 13 Jul · 20:01 IST
SPIC: TIDCO nominee director Sandeep Nanduri resigns, replaced by 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 NSE that Non-Executive Nominee Director Mr. Sandeep Nanduri, IAS (DIN: 07511216) ceased to be a director from July 13, 2026. TIDCO withdrew his nomination. No material reasons cited for the change. TIDCO has already nominated Dr. D. Karthikeyan, IAS, Chairman and Managing Director of TIDCO, as his replacement on the board.
Likely market impact
Routine government nominee director swap by TIDCO; no material reasons cited and a replacement is already lined up, so minimal governance impact.