SPIC Seeks Shareholder Approval for Tmt. Sweta Suman's Appointment as Nominee Director
Southern Petrochemical Industries Corporation Limited (SPIC) has initiated a postal ballot process to seek shareholder approval for the appointment of Tmt. Sweta Suman, IAS, as a Nominee Director repr...
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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 corporate action regarding the appointment of a director and seeking shareholder approval through a postal ballot. it does not contain any information that would positively or negatively impact the company's financial performance or market standing.
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SPIC Seeks Shareholder Approval for Tmt. Sweta Suman's Appointment as Nominee Director
December 31, 2025, 10:49 AM
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Southern Petrochemical Industries Corporation Limited (SPIC) has initiated a postal ballot process to seek shareholder approval for the appointment of Tmt. Sweta Suman, IAS, as a Nominee Director representing M/s Tamilnadu Industrial Development Corporation Limited. The resolution, to be passed as an Ordinary Resolution, requires shareholder consent via electronic voting only.
Tmt. Sweta Suman, a 2020 batch IAS Officer and currently the Executive Director of TIDCO, was appointed as an Additional Director by the Board of Directors on 13th November 2025. This appointment is in accordance with Section 161 of the Companies Act, 2013, and Regulation 17(1C)(a) of SEBI (LODR) Regulations, 2015. Shareholders can cast their votes electronically from 2nd January 2026 (9:00 AM IST) to 31st January 2026 (5:00 PM IST).
The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process. Detailed instructions for shareholders, including various login methods for demat and physical shareholders, have been provided. The results of the postal ballot are expected to be announced within two working days of the conclusion of the voting period, by 2nd February 2026.
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