Tamilnadu Petroproducts Limited has informed stock exchanges about a significant change in its board composition, with the resignation of its Chairperson Ms. Mariam Pallavi Baldev effective December 31, 2025. The company filed the disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

Ms. Mariam Pallavi Baldev, an IAS officer holding Director Identification Number (DIN) 09281201, served as Chairperson and Non-Executive & Non-Independent Director of the company. Her appointment to the board was through nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO), a state government entity.

The resignation became effective on December 31, 2025, which corresponds to the date when the company received the formal resignation letter from TIDCO. This timing aligns with the requirements under Section 168 of the Companies Act 2013, which governs the resignation process for company directors.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing comprehensive details to both BSE Limited (Scrip Code: 500777) and National Stock Exchange of India Limited (Symbol: TNPETRO). The announcement includes all required information as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Governance Impact

The resignation represents a change in the company's leadership structure, particularly affecting the chairperson position. As a TIDCO-nominated director, Ms. Baldev's role was part of the state government's representation on the company's board through its industrial development arm.

The company secretary, Sangeetha Sekar, signed the disclosure document, ensuring proper documentation and compliance with regulatory requirements. The formal communication to stock exchanges included necessary annexures containing the resignation letter and detailed compliance information as mandated by SEBI regulations.

Tamilnadu Petroproducts Limited operates in the petrochemicals sector and maintains its listing on both major Indian stock exchanges. The company has requested the exchanges to take note of this directorate change, completing the formal notification process required under securities regulations.

Tamilnadu Petroproducts Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mrs. Sweta Suman, IAS, as a Director on the company's board. The resolution was passed with an impressive 99.75% of votes cast in favor, demonstrating strong shareholder confidence in the proposed appointment.

Postal Ballot Results

The company announced the results on December 30, 2025, following the conclusion of the e-voting period. The voting details reveal substantial shareholder participation and support:

Appointment Details

The approved appointment brings Mrs. Sweta Suman, IAS (DIN: 11292451), who has been serving as Additional Director since November 11, 2025, into a regular directorial position under Section 152 of the Companies Act, 2013.

Voting Process and Timeline

The postal ballot process was conducted in accordance with the Companies Act, 2013 and SEBI regulations. M/s. B Chandra & Associates, Practising Company Secretaries, served as scrutinizers for the e-voting process conducted through the CDSL platform.

Corporate Governance Strengthening

The successful appointment of Mrs. Sweta Suman represents a significant step in TPL's ongoing efforts to strengthen its corporate governance structure. As an IAS officer, she brings extensive administrative experience and policy knowledge that could prove valuable for the petrochemical company's strategic initiatives.

The overwhelming shareholder support, with 99.75% approval, reflects confidence in the board's decision and the appointee's qualifications. This strong mandate provides a solid foundation for Mrs. Suman to contribute effectively to TPL's governance and strategic direction.

TPL's transparent approach to seeking shareholder approval through the postal ballot process demonstrates its commitment to good corporate governance practices. The company has fulfilled all regulatory requirements and maintained proper documentation throughout the process, as confirmed by the scrutinizer's report.