SPIC Announces 55th AGM on Sep 28, Declares ₹2 Dividend
SPIC's 55th AGM is scheduled for September 28, 2026, via VC/OAVM. The company will consider adopting FY26 financials and has proposed a ₹2 per equity share dividend. Key agenda items include re-appointing Ms. Devaki Muthaiah Charddon as Director, appointing Thiru. P. Sankar and Thiru. Sanket Selvavantrao Waghe as Nominee Directors, and re-appointing Mr. T K Arun as Independent Director.
The AGM announcement and dividend declaration are standard corporate events that have a moderate impact on investor interest and company operations.
The announcement is a routine corporate communication regarding the AGM and dividend declaration, with no significant positive or negative financial developments highlighted.
Southern Petrochemical Industries Corporation Limited (SPIC) has announced its 55th Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 2:00 PM IST through Video Conference (VC) / Other Audio-Visual Means (OAVM). The meeting agenda includes the adoption of audited financial statements for the financial year ended March 31, 2026, both standalone and consolidated, along with the Board of Directors' and Auditors' reports.
Furthermore, the company has proposed to declare a dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. This dividend will be paid in respect of shares held in physical form to members registered on September 28, 2026, and for shares held in electronic form to beneficial owners listed as of September 21, 2026.
Key appointments and re-appointments are also on the agenda. Ms. Devaki Muthaiah Charddon is set for re-appointment as a Director. Thiru. P. Sankar and Thiru. Sanket Selvavantrao Waghe are proposed to be appointed as Nominee Directors representing Tamilnadu Industrial Development Corporation Limited. Mr. T K Arun is proposed for re-appointment as an Independent Director for a further period of five years from November 11, 2026. The remuneration of Non-Executive Directors for the financial year 2025-26 and the cost auditors for 2026-27 will also be considered. Additionally, revisions to the remuneration of Whole-Time Director, Mr. K R. Nandan, for FY 2025-26, including a revised basic salary and performance pay, and a special incentive of ₹15 Lakh for FY 2025-26, are to be approved.
A plain-language summary of a public exchange filing by Southern Petrochemicals Industries Corporation Limited. Read the original for the full detail.
