SPIC Re-designates K R Anandan as Whole-Time Director till Feb 2029
SPIC re-designated K R Anandan as Whole-Time Director, effective March 23, 2026, to February 12, 2029, subject to shareholder approval. He continues as CFO. Anandan, 62, brings over 33 years of experience in finance and management across various sectors.
A re-designation of a director within the existing management structure is a standard corporate event and is unlikely to have a significant impact on the company's operations or stock price.
The announcement concerns a routine management re-designation and does not contain any significant positive or negative financial or operational news.
Southern Petrochemical Industries Corporation Limited (SPIC) announced a change in management following a Board Meeting held on March 23, 2026. Mr. K R Anandan (DIN: 00314502) has been re-designated as Whole-Time Director, effective from March 23, 2026, until February 12, 2029. This re-designation is subject to shareholder approval. He will continue to serve as the Chief Financial Officer (CFO) of the company.
Mr. Anandan's initial appointment as Whole-Time Director (Finance) was effective February 13, 2026, for a three-year term. The change signifies a shift in his designation from Whole-Time Director (Finance) to Whole-Time Director. His tenure as Whole-Time Director (Finance) spanned from February 13, 2026, to March 22, 2026, and his new role as Whole-Time Director will be from March 23, 2026, to February 12, 2029, both contingent upon shareholder consent.
Mr. K R Anandan, aged 62, is a qualified Chartered Accountant, Cost Accountant, and Company Secretary with over 33 years of extensive experience across various sectors including manufacturing, energy, sugar, distilleries, fertilizers, and petrochemicals. He has previously held CFO positions in prominent companies such as M/s Greenstar Fertilizers Limited, M/s Tamilnadu Petroproducts Limited, and M/s BGR Energy Systems Limited. He is responsible for SPIC's financial planning, risk management, investment oversight, and shaping the company's strategic direction. He has also been instrumental in strengthening financial governance, internal controls, compliance, and securing essential funding and government incentives.
Mr. Anandan has confirmed that he is not disqualified from being appointed as a Director by any SEBI order or other regulatory authority. The Board Meeting commenced at 2:00 P.M. (IST) and concluded at 4:15 P.M. (IST) on March 23, 2026.
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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 low impact, the band that almost never moves a portfolio on its own.
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