Tamilnadu Petroproducts Limited accepted the resignation of Ms. Sandhya Venugopal Sharma as Chairperson and Non-Executive & Non-Independent Director effective July 13, 2026. The resignation follows the withdrawal of her nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO). This change impacts the company's board composition as the nominee director steps down consequent to the decision by the state government undertaking.

The resignation is effective July 13, 2026, being the date of receipt of the resignation letter from TIDCO. The company disclosed that the cessation of directorship is pursuant to Section 168 of the Companies Act 2013. The communication was submitted to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Sharma, an IAS officer, was nominated to the board by TIDCO. The withdrawal of nomination by TIDCO was cited as the specific reason for her departure. The company has enclosed the resignation letter and provided the requisite details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The following table summarizes the details of the change in directorship:

The filing was signed by Sangeetha Sekar, Company Secretary of Tamilnadu Petroproducts Limited. The company requested the exchanges to take the information on record.

Southern Petrochemical Industries Corporation Ltd has confirmed that 1,52,34,375 equity shares held by it as a promoter in Tamilnadu Petroproducts Limited are not encumbered during the Financial Year 2025-26. The confirmation, addressed to the stock exchanges, asserts that the shares are free from any direct or indirect encumbrance for the specified period.

The disclosure was submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter, signed by R Swaminathan, Company Secretary, was dispatched to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited on April 8, 2026.

Regulatory Filing Details

The filing serves as a formal declaration to the exchanges regarding the status of the promoter's holding. The confirmation covers the entire Financial Year 2025-26 and ensures compliance with the regulatory framework governing substantial acquisitions and takeovers.

Key Disclosure Information

The request was made to the exchanges to take the disclosure on record.