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.

Tamilnadu Petroproducts Limited (TPL), a Chennai-based petrochemical manufacturing company, has announced robust financial results for the first half of FY2025-26, along with a key addition to its board of directors.

Financial Highlights

TPL reported a significant improvement in its financial performance for H1 FY26:

The company's revenue remained relatively stable with a marginal increase of 1.46% year-over-year. However, TPL showcased remarkable growth in profitability, with EBITDA more than doubling and PBT nearly tripling compared to the same period last year.

Operational Performance

TPL's strong financial results are attributed to stable demand and efficient cost management. The company's focus on operational efficiency has resulted in higher operating profits during the half-year ended September 30, 2025.

Mr. Ashwin Muthiah, Vice Chairman of TPL and Founder Chairman of AM International, Singapore, commented on the performance: "The healthy quarterly performance of our company demonstrates disciplined execution and our ability to maintain stable revenue. The significant increase in profitability is due to a continued focus on cost optimization and operational efficiency."

New Board Appointment

In a significant corporate development, TPL's Board of Directors approved the appointment of Mrs. Sweta Suman, IAS, as an Additional Director under the Non-Executive Non-Independent category, effective November 11, 2025. Key details of the appointment include:

• Mrs. Suman is a 2020 batch IAS officer currently serving as Executive Director at Tamilnadu Industrial Development Corporation (TIDCO).
• She holds additional charge as CEO of Chennai Metro Asset Management Limited (CMAML).
• Her appointment is based on nomination by TIDCO, a promoter of the company.
• TPL plans to seek member approval for her appointment through a postal ballot process.

Future Outlook

Looking ahead, Mr. Muthiah emphasized, "Customer focus and environment-friendly products and solutions will be key to sustaining our performance going forward." This statement underscores TPL's commitment to maintaining its growth trajectory while focusing on sustainable practices.

Conclusion

Tamilnadu Petroproducts Limited's impressive H1 FY26 results, coupled with the strategic appointment of Mrs. Sweta Suman to its board, position the company for continued growth in the petrochemical sector. The company's ability to enhance profitability despite challenging market conditions reflects its robust operational strategies and efficient management practices.