Southern Petrochemical Industries Corporation Limited (SPIC) has announced a leadership change at the board level, with Non-Executive Director Sandeep Nanduri, IAS, ceasing to be a Director effective 13 July 2026. The company notes that this change follows the withdrawal of Nanduri’s nomination by Tamilnadu Industrial Development Corporation Limited (TIDCO), and cites no other material reasons for the resignation.
To fill the vacancy, TIDCO has proposed Dr. D. Karthikeyan, IAS, Chairman and Managing Director of TIDCO, as Director representing TIDCO on SPIC’s Board, in place of Sandeep Nanduri. The nomination is supported by the customary accompanying documents, including forms and information as part of the governance process. The company has acknowledged the change and requested that the record be updated accordingly.
The development highlights the ongoing governance dynamic between SPIC and its state-nominated partners, with TIDCO maintaining representation on the board through a fresh nomination. While the immediate board composition shifts, there is no indication of broader implications for SPIC’s operations or strategy from this transition.