Southern Petrochemical Industries Corporation Ltd has notified the National Stock Exchange of India Limited of a change in its Board of Directors. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that Mr. V Dakshinamoorthy, IAS (DIN: 09338233), Non-Executive Nominee Director, has ceased to be a Director effective July 27, 2026.

Reason for Cessation

The cessation of Mr. V Dakshinamoorthy as Director is a direct consequence of the withdrawal of his nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO). The company has explicitly stated that the change is solely on account of this withdrawal and that there are no other material reasons for his departure from the Board. Mr. Dakshinamoorthy also submitted a formal resignation letter to Southern Petrochemical Industries Corporation Ltd, acknowledging the courtesy and cooperation extended to him during his tenure.

The key details of the directorial change, as disclosed pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are summarised below:

TIDCO Nominates Replacement Director

In its letter dated July 24, 2026, TIDCO simultaneously nominated Thiru P Sankar, IAS, Agricultural Production Commissioner and Secretary to Government, Agriculture and Farmers Welfare Department, as Director representing TIDCO on the Board of Southern Petrochemical Industries Corporation Ltd, in place of Thiru V Dakshinamoorthy, IAS. TIDCO has submitted the requisite statutory documents in support of the new nomination, including Form DIR-2, Form MBP-1, Form DIR-8, disclosures under Sections 184, 188, and 189 of the Companies Act, 2013, a profile of the nominee, and other required disclosures.

Regulatory Disclosure

The disclosure was filed by R Swaminathan, Company Secretary of Southern Petrochemical Industries Corporation Ltd, and was digitally signed on July 27, 2026. The company has requested the exchange to take the information on record in accordance with applicable listing regulations.

Southern Petrochemicals Industries Corporation Ltd announced a change in its Board composition effective July 13, 2026, following the withdrawal of a nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO). Mr. Sandeep Nanduri, IAS, who served as a Non-Executive Nominee Director, ceased to hold the position on the date the company received TIDCO's communication. The company stated there were no other material reasons for the cessation beyond the withdrawal of the nomination.

TIDCO has subsequently nominated Dr. D. Karthikeyan, IAS, the Chairman and Managing Director of TIDCO, to the Board of Southern Petrochemicals Industries Corporation Ltd. Dr. Karthikeyan will represent TIDCO in place of Mr. Sandeep Nanduri. The nomination includes the submission of necessary regulatory forms, including DIR-2, MBP-1, and DIR-8, along with disclosures required under the Companies Act, 2013.

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the resignation letter from Mr. Nanduri and the detailed profile of the new nominee have been provided to the exchange.

The transition follows a formal communication from TIDCO dated July 10, 2026. The company has requested that the exchange take the information on record.