SPIC Appoints Narasimhan Raghunathan as New CFO, K R Anandan Continues as Whole-Time Director
SPIC announced that Mr. K R Anandan will cease to be CFO from May 23, 2026, to focus on his role as Whole-Time Director. Mr. Narasimhan Raghunathan has been appointed as the new CFO and Key Managerial Personnel, effective the same date. Raghunathan has 25 years of experience.
The appointment of a Chief Financial Officer is a significant event for any company, impacting its financial strategy and operations. This change in a Key Managerial Personnel position warrants a medium impact assessment as it affects the company's leadership and financial oversight.
The announcement concerns a change in key management personnel, specifically the CFO role. While it involves a change, it is a planned transition for Mr. Anandan to focus on broader responsibilities and a new appointment for Mr. Raghunathan. The company has appointed an experienced individual to the role, indicating continuity and a strategic decision rather than a negative event.
Southern Petrochemical Industries Corporation Limited (SPIC) announced a key managerial change following a Board of Directors meeting held on 22nd May 2026. Mr. K R Anandan, who currently serves as the Whole-Time Director and Chief Financial Officer (CFO), will be stepping down from his role as CFO to concentrate on overall business growth.
In his place, the Board, upon the recommendation of the Nomination and Remuneration Committee and Audit Committee, has appointed Mr. Narasimhan Raghunathan as the new Chief Financial Officer and Key Managerial Personnel of the Company. This appointment is effective from 23rd May 2026. Mr. K R Anandan will continue in his position as Whole-Time Director and Key Managerial Personnel.
Mr. Narasimhan Raghunathan brings nearly 25 years of extensive experience in financial operations and functions across various manufacturing industries. He is a qualified Chartered Accountant, Cost Accountant, and Company Secretary, holding a graduate degree in Commerce and law. His prior professional associations include esteemed organizations such as Greenstar Fertilizers Limited, Elecon Engineering Limited, KSB Pumps Limited, ZF Wind Power Limited, Ernst & Young, and Ashok Leyland.
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Southern Petrochemicals Industries Corporation Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Southern Petrochemicals Industries Corporation Limited. Read the original for the full detail.