Meeting Details

  • Date: Monday, 28th September 2026
  • Time: 2:00 PM (IST)
  • Location: Through Video Conference (VC)/Other Audio-Visual Means (OAVM)
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To adopt audited financial statements (standalone and consolidated) for FY ended 31st March 2026 along with Board of Directors' and Auditors' reports.

2. Dividend Declaration: To declare dividend of Rs. 2.00 per equity share on 20,36,40,336 equity shares of Rs. 10/- each, fully paid up (subject to rounding off and withholding tax). Dividend to be paid:

  • For physical shares: To members appearing in Register of Members on Monday, 28th September 2026
  • For electronic shares: To members appearing in list of beneficial owners furnished by NSDL and CDSL as at end of business hours on Monday, 21st September 2026

3. Re-appointment of Director: To re-appoint Ms. Devaki Muthiah Chardon (DIN: 10073541) as Director retiring by rotation, eligible for re-appointment.

4. Appointment of Nominee Director: To appoint Thiru. P Sankar, IAS (DIN: 05125853) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited.

5. Appointment of Nominee Director: To appoint Thiru. Sanket Balvantrao Waghe, IAS (DIN: 11865401) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited.

6. Auditor Remuneration: To approve and ratify remuneration of Rs. 1,75,000/- (Rupees One Lakh Seventy-Five Thousand only) plus reimbursement of out-of-pocket expenses and applicable taxes to M/s. Y & Associates, Cost Accountants (Firm Registration No. 003498) as Cost Auditors for FY2026-27.

Special Business

7. Re-appointment of Independent Director: To re-appoint Mr. T K Arun (DIN: 02163427) as Independent Director for further period of five years from 11th November 2026.

8. Remuneration to Non-Executive Directors: To approve payment of remuneration of Rs. 1,00,000/- per meeting of the Board attended by them during FY2025-26, besides sitting fees paid for attending each Board Meeting.

9. Revision in Remuneration: To approve revision in remuneration to Mr. K R Nandan (DIN: 00314502), Whole-time Director effective 1st April 2026 with following terms:

  • Basic Salary, Allowances: Rs. 1,02,28,272/- & Perquisites
  • Performance Pay: Rs. 19,62,000/-
  • Contribution to Provident Fund, NPS & Gratuity: Rs. 8,89,728/-
  • Minimum remuneration in event of loss or inadequacy of profits

10. Special Incentive Payment: To approve payment of special incentive of Rs. 15 Lakh (Rupees Fifteen Lakh only) to Mr. K R Nandan for FY2025-26.

Voting Process and Methods

  • Remote e-Voting Period: Begins on Wednesday, 23rd September 2026 at 9:00 AM (IST) and ends on Sunday, 27th September 2026 at 5:00 PM (IST)
  • Voting Methods:
  • Remote e-Voting through NSDL/CDSL for demat shareholders
  • e-Voting system for physical shareholders
  • Voting during meeting through VC/OAVM for attending shareholders
  • Cut-off Date: Monday, 21st September 2026 (Record Date)
  • Scrutinizer: M/s. Chandra & Associates, Practicing Company Secretaries, Chennai appointed to scrutinize e-voting process

Key Voting Outcomes

Voting results will be available after meeting conclusion. The notice provides the framework for voting but does not contain actual results.

Scrutinizer's Role and Findings

M/s. Chandra & Associates appointed as Scrutinizer to scrutinize the e-voting process (Remote and e-voting during AGM) in fair and transparent manner. Their report will be submitted after completion of voting process.

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Ministry of Corporate Affairs circulars regarding VC/OAVM meetings
  • All relevant rules and regulations applicable

Additional Financial Information

  • Financial Performance:
  • FY2023-24: Total Income Rs. 1962.16 crore, Net Profit Rs. 87.91 crore
  • FY2024-25: Total Income Rs. 3100.25 crore, Net Profit Rs. 130.84 crore
  • FY2025-26: Total Income Rs. 3015.10 crore, Net Profit Rs. 186.16 crore
  • Dividend History: 15% for FY2023-24, 20% for FY2024-25, proposed 20% for FY2025-26
  • Business Nature: Primarily engaged in manufacture and sale of Urea, commercial production commenced in 1975

Shareholder Services Information

  • Book Closure: 22nd September 2026 to 28th September 2026 (both days inclusive)
  • E-voting Website: www.evotingindia.com
  • Company Website: www.spic.in
  • NSE Website: www.nseindia.com
  • Investor Email: shares.dep@spic.co.in
  • Dividend Payment: Within 30 days from AGM date through electronic mode
  • TDS on Dividend: Applicable as per Income Tax Act, 1961 with different rates for residents and non-residents