Southern Petrochemical Industries Corporation Limited (SPIC) has initiated a postal ballot process to seek shareholder approval for significant corporate decisions. The company is requesting approval for the appointment of Mr. Manikkan Sangameswaran as an Independent Director for a five-year term, effective February 13, 2026. Furthermore, SPIC is seeking approval for the appointment and remuneration of Mr. K R Anandan as a Whole-Time Director. His tenure is set from February 13, 2026, to February 12, 2029. His remuneration package includes a basic salary of ₹93.12 lakh per annum, performance pay of ₹18 lakh per annum, and contributions to provident fund, NPS, and gratuity amounting to ₹8.88 lakh per annum. The company is also proposing a special incentive of ₹15 lakhs for Mr. E Balu, Whole-Time Director, for the Financial Year 2024-25. The e-voting period for the postal ballot commences on April 9, 2026, and concludes on May 8, 2026. Shareholders will cast their votes electronically through CDSL or NSDL platforms. The results of the postal ballot are expected to be announced within two working days of the conclusion of the voting period.
