Tamilnadu PetroProducts Limited has informed the Exchange regarding Cessation of Ms Mariam Pallavi Baldev as Chairman of the company w.e.f. December 31, 2025.
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Ms. Mariam Pallavi Baldev, an IAS officer (DIN: 09281201), has stepped down as Chairperson and Director of Tamilnadu PetroProducts Limited with effect from December 31, 2025. The reason for her exit is the withdrawal of her nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO), a promoter entity of the company. TIDCO has sent a formal letter dated December 31, 2025 communicating this decision, and her resignation has been recorded under Section 168 of the Companies Act, 2013. The cessation has been disclosed to the stock exchanges in compliance with SEBI Listing Regulations.
This is a routine change in board composition driven by the government's decision to withdraw its nominee, not a governance red flag. Investors should watch for announcement of a replacement nominee from TIDCO, as the post of Chairperson is now vacant.