Southern Petrochemical Industries Share Price Today

Southern Petrochemical shuts plants for maintenance and equipment replacement

Southern Petrochemical Industries Corporation has shut down its plants for maintenance and equipment replacement. Operations are expected to restart within four weeks. No financial impact figures were disclosed with the announcement.

Southern Petrochemical Industries Corporation Ltd: Mr. V Dakshinamoorthy Ceases as Director Effective July 27, 2026

Southern Petrochemical Industries Corporation Ltd has disclosed that Mr. V Dakshinamoorthy, IAS (DIN: 09338233), Non-Executive Nominee Director, ceased to be a Director effective July 27, 2026, following withdrawal of his nomination by TIDCO. The company confirmed there are no other material reasons for his departure. TIDCO has nominated Thiru P Sankar, IAS, Agricultural Production Commissioner and Secretary to Government, Agriculture and Farmers Welfare Department, as his replacement on the Board. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SPIC director changes following TIDCO nomination withdrawal

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, ceased to be a Director, and Dr. D. Karthikeyan, IAS, was nominated as the new TIDCO representative. The company disclosed the details to the National Stock Exchange in compliance with SEBI regulations.

SPIC FY26 net profit rises 41%; recommends 20% dividend

Southern Petrochemicals Industries Corporation Ltd reported a 41% year-on-year increase in standalone net profit to ₹286.55 crores for the year ended March 31, 2026. The board recommended a dividend of 20% on equity shares, amounting to ₹2 per share, subject to shareholder approval at the 55th Annual General Meeting. Total income for the year stood at ₹3015.10 crores, compared to ₹3100.25 crores in the previous year, while total expenses decreased to ₹2728.55 crores from ₹2897.59 crores.

SPIC Appoints Narasimhan Raghunathan as CFO

Southern Petrochemical Industries Corporation Ltd has appointed Narasimhan Raghunathan as its new Chief Financial Officer and Key Managerial Personnel, effective May 23, 2026. The decision allows K R Anandan to transition from the CFO role to focus on business growth as Whole-Time Director. Raghunathan brings nearly 25 years of experience from various manufacturing industries.

Southern Petrochemical Industries Corporation Completes Postal Ballot; All Four Resolutions Passed with Requisite Majority

Southern Petrochemical Industries Corporation Limited completed its postal ballot on 8th May 2026, with all four resolutions passed by requisite majority through remote e-voting. The resolutions approved the appointment of Mr. Manikkan Sangameswaran as Independent Director for five years, the appointment and remuneration of Mr. K R Anandan as Whole-Time Director from 13th February 2026 to 12th February 2029, and the payment of a Special Incentive to Mr. E Balu for Financial Year 2024-25. Total votes polled represented approximately 54.03% of the 203640336 outstanding shares, with all resolutions receiving over 99.72% votes in favour. The scrutinizer's report was submitted by M/s. B. Chandra & Associates on 12th May 2026, and results were filed with the NSE under Regulation 44 of SEBI LODR Regulations, 2015.