Section A – KMP Resignation Details
Name of Resigning KMP: Tmt. Sweta Suman, IAS
Designation: Non-Executive Nominee Director
Reason for Resignation: Withdrawal of nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO). The disclosure states "there are no other material reasons for her resignation from the Company."
Effective Date of Resignation: 10th August 2026
Date of Resignation Letter: The resignation letter from Tmt. Sweta Suman is dated 7th August 2026, as it was enclosed with TIDCO's nomination letter of that date.
Duration in Role: Not Specified
Board’s Acknowledgment / Statement: Not Specified
Replacement Appointed: Thiru Sanket Balvantrao Waghe, IAS (Executive Director, TIDCO) was nominated by TIDCO as the replacement Director representing TIDCO on the Board of Southern Petrochemical Industries Corporation Limited.
Regulatory Compliance Statement: The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required details were provided as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Delay in Disclosure: Not Specified. The cessation was effective and disclosed on the same date, 10th August 2026.
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: The change is a direct replacement of one TIDCO nominee director with another. TIDCO provided all necessary documentation for the new appointee, including Form DIR-2, Form DIR-8, Form MBP-1, information under Sections 184/188 of the Companies Act, 2013, and a profile.
Successor Appointments: The successor is Thiru Sanket Balvantrao Waghe, IAS. He holds the position of Executive Director at TIDCO. His qualifications, experience, and background beyond this are not detailed in the provided data.
Section C – Financial & Governance Disclosures (If Present)
This section is not applicable as the provided data does not contain any financial results, auditor's reports, dividend announcements, or other board updates beyond the director change.