Tamilnadu Petroproducts has officially shut down its Heavy Chemical Division (HCD) plant operations due to ongoing geopolitical developments in the Middle East region. The company made this disclosure through a regulatory filing to stock exchanges, citing supply chain disruptions that have forced the temporary closure of manufacturing operations.

Force Majeure Declaration and Operational Impact

The company has declared this shutdown as a force majeure event, acknowledging that the circumstances are beyond its direct control. In its communication to BSE and NSE, Tamilnadu Petroproducts stated that it is currently unable to quantify the financial or operational impact of this disruption on its business operations.

Regulatory Compliance and Communication

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, ensuring compliance with mandatory reporting requirements. Company Secretary Sangeetha Sekar signed the official communication, referencing an earlier communication dated March 16, 2026, indicating this was a continuation of ongoing developments.

Supply Chain Disruptions from Geopolitical Tensions

The shutdown is directly attributed to business factors arising from the ongoing geopolitical situation in the Middle East region, which has created significant supply chain challenges for the petrochemical industry. These disruptions have forced the company to take precautionary measures to halt operations at its HCD facility.

Recovery Measures and Future Updates

Tamilnadu Petroproducts has indicated that it is taking necessary steps to resume operations as conditions improve. The company has committed to providing timely updates to stock exchanges regarding any material developments related to this operational disruption as the geopolitical situation evolves.

Tamilnadu Petroproducts Limited has issued a postal ballot notice on March 13, 2026, seeking shareholder approval for critical corporate governance matters under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has proposed two ordinary resolutions requiring member consent through electronic voting.

Director Appointment Proposal

The first resolution seeks approval for the appointment of Ms. Sandhya Venugopal Sharma, IAS (DIN: 08445015) as Director of the Company. Ms. Sharma was initially appointed as Additional Director by the Board on January 14, 2026, following a nomination from TIDCO, one of the company's promoters.

Ms. Sharma brings extensive administrative experience as a 1995 batch Indian Administrative Service officer of the Tamil Nadu cadre. She currently serves as Chairperson of TIDCO and has held senior leadership roles at both State and Central Government levels, including central deputation with the Department of Space as Joint Secretary and Additional Secretary in Bengaluru from 2019-2025.

Material Related Party Transaction

The second resolution addresses prior approval for material related party transactions between the company and Greenstar Fertilizers Limited for the financial year 2026-27.

The transactions primarily involve the sale of Linear Alkyl Benzene (LAB) and purchase/sale of services including manpower and other services. While the companies are not related parties under the Companies Act, 2013, the approval is sought considering common directorship and the material value of transactions.

E-Voting Process and Timeline

The company has established a comprehensive e-voting framework to facilitate shareholder participation in the postal ballot process.

Regulatory Compliance and Communication

Pursuant to Regulation 47(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in Financial Express (English) and Makkal Kural (Tamil) on March 13, 2026. The notice has been sent electronically to members who have registered their email addresses with the company or depositories.

The voting facility is provided through Central Depository Services (India) Limited (CDSL), enabling secure electronic participation. In accordance with the relaxation granted by the Ministry of Corporate Affairs vide Circular 03/2025 dated September 22, 2025, the notice has been sent only in electronic mode.

Corporate Governance Framework

The postal ballot process demonstrates the company's commitment to regulatory compliance and shareholder engagement. The appointment of Ms. Sharma aligns with the promoters' agreement between SPIC and TIDCO, which grants both parties the right to nominate three directors each on the company's Board.

For the related party transactions, the Audit Committee and Board of Directors approved the proposals at their respective meetings held on March 10, 2026. The transactions are structured to be executed on an arm's length basis and in the ordinary course of business, with pricing based on formulas consistent with other contract volume customers.

Shareholders seeking clarification may contact the Company Secretary at the registered office or through the designated email address secy-legal@tnpetro.com . The results will be announced and communicated to stock exchanges as required under relevant regulations, ensuring transparency in the decision-making process.