SPIC Completes Newspaper Advertisement for Postal Ballot
Southern Petrochemical Industries Corporation Limited (SPIC) has completed the dispatch of its Postal Ballot Notice to its members. The company has advertised this notice in the Business Standard (Eng...
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Why is Southern Petrochemicals Industries Corporation Limited in the news today?
Southern Petrochemicals Industries Corporation Limited (SPIC) is in the news due to the announcement is a routine regulatory filing regarding a postal ballot for a director's appointment, with no immediate financial or business impact.
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SPIC Completes Newspaper Advertisement for Postal Ballot
January 2, 2026, 08:11 AM
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Southern Petrochemical Industries Corporation Limited (SPIC) has completed the dispatch of its Postal Ballot Notice to its members. The company has advertised this notice in the Business Standard (English Edition) and Makkal Kural (Tamil Edition) newspapers on January 1, 2026. This action is in accordance with Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 47 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
The purpose of the Postal Ballot is to seek shareholder approval for the appointment of Tmt. Sweta Suman, IAS, as a Nominee Director representing Tamilnadu Industrial Development Corporation Limited. The e-voting period for this postal ballot will commence on January 2, 2026, at 9:00 AM (IST) and conclude on January 31, 2026, at 5:00 PM (IST). The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process. The results of the postal ballot are expected to be declared within two working days of the conclusion of the e-voting period.
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