Change in Directors at Southern Petrochemicals Industries Corporation: Sandeep Nanduri Resigns as TIDCO Withdrawal Confirmed
Southern Petrochemicals Industries Corporation Limited has seen a change in its Board membership. Mr. Sandeep Nanduri, who served as a Non-Executive Nominee Director nominated by Tamilnadu Industrial Development Corporation Limited (TIDCO), ceased his directorship effective July 13, 2026.The resignation of Mr. Nanduri followed the withdrawal of nomination by TIDCO.
In related organizational updates, the company confirmed the appointment of a new director to represent TIDCO. Dr. D. Karthikeyan, IAS, Chairman and Managing Director of Tamilnadu Industrial Development Corporation Limited (TIDCO), was nominated as the replacement director on the Board of Southern Petrochemicals Industries Corporation Limited.
The shift reflects changes in the nomination structure between the company and TIDCO.
SPIC Stock Price Movement
Southern Petrochemicals Industries Corporation Limited shares closed today after shedding 0.22% to settle at ₹68.11, down from previous closing levels. The stock traded within a narrow intraday range, hitting a low of ₹67.6 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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