TIDCO nominee director V Dakshinamoorthy resigns; P Sankar IAS named replacement
SPIC · price
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SPIC Ltd informed the exchange that non-executive nominee director Mr. V Dakshinamoorthy (IAS) resigned effective July 27, 2026, after promoter TIDCO withdrew his nomination. TIDCO simultaneously nominated Thiru P Sankar, IAS, currently Agricultural Production Commissioner and Secretary to Government (Agriculture and Farmers Welfare), as the new nominee director in his place. Standard promoter nominee rotation with immediate replacement; no governance concerns flagged in the filing.
Routine promoter nominee swap by TIDCO with a same-day replacement; board composition unchanged in substance, neutral for shareholders.