Southern Petrochemicals Industries Corporation logo

Southern Petrochemicals Industries Corporation MD, chairman, board of directors and AGM

NSE: SPICBSE: 590030Fertilizers & AgrochemicalsSmall Cap

Last close ₹55.43down ₹1.04 (1.84%)BSE ₹55.51

Share price at the NSE close on 23 Oct 2026. Previous close ₹56.47.

52-week range of traded prices to 23 Oct 2026
₹54.13Low, 23 Oct 2026₹93.88High, 17 Nov 2025
Market cap
₹1,129 Cr1,310th largest listed
P/E
5.5
P/B
0.8
Dividend yield
3.61%
ROE
16.0%
ROCE
10.7%
Debt to equity
0.51
Volume, NSE
5,10,82542.6% delivered

Southern Petrochemicals Industries Corporation board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonASHWIN CHIDAMBARAM MUTHIAHRelated to the promoter
  • Company Secretary and Compliance OfficerR Swaminathan

13 directors7 independent1 executive5 non-executive

  • ASHWIN CHIDAMBARAM MUTHIAH · ChairpersonNon-executive · joined Dec 1994 · reappointed Nov 2011 · 5 listed boards
  • DEVAKI MUTHIAH CHARDONNon-executive · joined May 2023 · reappointed Aug 2023 · 3 listed boards · 1 committee seat
  • DEBENDRANATH SARANGIIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • SANDEEP NANDURINominee, non-executive · joined Nov 2023 · reappointed Jan 2024 · 1 listed board · 1 committee seat
  • V DAKSHINAMOORTHYNominee, non-executive · joined Aug 2025 · reappointed Sep 2025 · 1 listed board
  • SWETA SUMANNominee, non-executive · joined Nov 2025 · reappointed Jan 2026 · 2 listed boards
  • BATCHU SAI PURSHOTHAMIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 3 as chair
  • LATHA RAMANATHANIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • SIVATHANU PILLAI RADHAKRISHNANIndependent · joined Feb 2018 · reappointed Feb 2023 · 100 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • THANJAVUR KANAKARAJ ARUNIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
  • RITA CHANDRASEKARIndependent · joined Nov 2019 · reappointed Nov 2024 · 79 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 1 as chair
  • MANIKKAN SANGAMESWARANIndependent · joined Feb 2026 · reappointed Feb 2026 · 4 months as independent · 1 listed board · 1 as independent
  • KRISHNAMACHARI RAJAGOPALAN ANANDANExecutive · joined Feb 2026 · reappointed Feb 2026 · 2 listed boards · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • E BALU, left 28 Feb 2026: Others
  • D SNEHA, left 9 Jul 2025: Others
  • APOORVA, left 22 May 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 May 202610 of 13 present7 independent · 59 days in between
    • 23 Mar 202612 of 13 present7 independent · 37 days in between
    • 13 Feb 202611 of 12 present6 independent

  • Audit Committee

    Chair BATCHU SAI PURSHOTHAM

    THANJAVUR KANAKARAJ ARUN, SIVATHANU PILLAI RADHAKRISHNAN

    • 22 May 20263 of 3 present3 independent · 59 days in between
    • 23 Mar 20263 of 3 present3 independent · 37 days in between
    • 13 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair LATHA RAMANATHAN

    THANJAVUR KANAKARAJ ARUN, SIVATHANU PILLAI RADHAKRISHNAN

    • 22 May 20263 of 3 present3 independent · 59 days in between
    • 23 Mar 20263 of 3 present3 independent · 37 days in between
    • 13 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair THANJAVUR KANAKARAJ ARUN

    SIVATHANU PILLAI RADHAKRISHNAN, DEVAKI MUTHIAH CHARDON

    • 11 May 20263 of 3 present2 independent · 3 days in between

  • Risk Management Committee

    Chair SIVATHANU PILLAI RADHAKRISHNAN

    THANJAVUR KANAKARAJ ARUN, KRISHNAMACHARI RAJAGOPALAN ANANDAN

    • 7 May 20263 of 3 present2 independent · 138 days in between
    • 19 Dec 20253 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair DEVAKI MUTHIAH CHARDON

    THANJAVUR KANAKARAJ ARUN, KRISHNAMACHARI RAJAGOPALAN ANANDAN

    • 11 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • MSKA Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • M/s MSKA & AssociatesNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Southern Petrochemicals Industries Corporation AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Southern Petrochemicals Industries Corporation dividend history

Annual general meeting, 28 Sep 2026

1,16,261 shareholders on the register on 21 Sep 2026; present: 9 promoters and 53 others; votes counted by B Chandra / B Chandra and associates.The company's voting result (opens in a new tab)

  1. To adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the Financial Year ended 31st March, 2026 along with the Report of the Board of Directors and Auditor's thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  2. To declare dividend on equity shares for the Financial Year ended 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  3. To appoint Ms. Devaki Muthiah Chardon (DIN:10073541), who retires by rotation, as a Director of the Company and being eligible offers herself for re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.61%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  4. To appoint Thiru. P Sankar, IAS (DIN: 05125853) as Nominee Director of the Company representing Tamilnadu Industrial Development Corporation Limited.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.89%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  5. To appoint Thiru. Sanket Balvantrao Waghe, IAS (DIN:11865401) as Nominee Director of the Company representing Tamilnadu Industrial Development Corporation Limited.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  6. To approve and ratify the remuneration of the Cost Auditors for the Financial Year 2026-27
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  7. To re-appoint Mr. T K Arun (DIN: 02163427) as Independent Director of the Company:
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 5.27% · other public 1.61%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  8. To consider and approve the payment of remuneration to Non-Executive Directors (including Independent Directors) of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  9. To consider and approve revision in Remuneration to Mr. K R Anandan (DIN: 00314502), Whole-Time Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.63%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

  10. To consider and approve Payment of Special Incentive to Mr. K R Anandan, Whole-Time Director (DIN: 00314502) for the Financial Year 2025-26.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.63%

    Turnout: all 53.93% · promoters 99.97% · institutions 89.84% · other public 1.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 May 2026, 4 resolutions

1,16,461 shareholders on the register on 3 Apr 2026; votes counted by B Chandra / B Chandra and associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Manikkan Sangameswaran, (DIN: 00121885) as Independent Director of the Company for a period of five (5) years.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 54.03% · promoters 99.97% · institutions 87.64% · other public 1.83%

  2. Appointment of Mr. K R Anandan, (DIN: 00314502), as a Director of the Company under Section 160 of the Act.
    Ordinary
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 3.39% · other public 0.99%

    Turnout: all 54.03% · promoters 99.97% · institutions 87.64% · other public 1.83%

  3. Approval for appointment and remuneration of Mr. K R Anandan (DIN: 00314502) as Whole-Time Director of the Company from 13th February 2026 to 12th February 2029
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.44%

    Turnout: all 54.03% · promoters 99.97% · institutions 87.64% · other public 1.83%

  4. Payment of Special Incentive to Mr. E Balu, Whole-Time Director (DIN: 08773795) for the Financial Year 2024-25
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.12%

    Turnout: all 54.03% · promoters 99.97% · institutions 87.64% · other public 1.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Jan 2026, 1 resolution

1,15,955 shareholders on the register on 26 Dec 2025; votes counted by B Chandra / B Chandra and associates.The company's voting result (opens in a new tab)

  1. Appointment of Tmt. Sweta Suman, IAS, (DIN: 11292451) as Nominee Director of the Company representing M/s Tamilnadu Industrial Development Corporation Limited.
    Ordinary
    99.17% for0.83% against

    Against: promoters 0.00% · institutions 86.26% · other public 0.97%

    Turnout: all 50.27% · promoters 99.92% · institutions 9.99% · other public 1.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 7 resolutions

1,14,304 shareholders on the register on 16 Sep 2025; present: 9 promoters and 61 others; votes counted by B Chandra / B Chandra and associates.The company's voting result (opens in a new tab)

  1. To adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended 31st March, 2025 along with the Report of the Board of Directors and Auditor ’s thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  2. To declare dividend on equity shares for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  3. To appoint Mr. E Balu (DIN: 08773795), who retires by rotation, as a Director of the Company and being eligible offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  4. To appoint Thiru. V Dakshinamoorthy, IAS (DIN: 09338233) as Nominee Director of the Company representing Tamilnadu Industrial Development Corporation Limited
    Ordinary
    99.65% for0.35% against

    Against: promoters 0.00% · institutions 4.24% · other public 0.80%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  5. To appoint M/s. B Chandra & Associates, Practicing Company Secretaries, as Secretarial Auditors for a term of Five (5) consecutive financial years from Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  6. To approve and ratify the remuneration of the Cost Auditors for the Financial Year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

  7. To consider and approve the payment of remuneration to Non-Executive Directors (including Independent Directors) of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.09%

    Turnout: all 54.26% · promoters 99.97% · institutions 67.48% · other public 2.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jan 2025, 1 resolution

1,30,902 shareholders on the register on 6 Dec 2024; votes counted by B Chandra / B Chandra and associates.The company's voting result (opens in a new tab)

  1. Approval of Shareholders under Regulation 17 (1C) and 25 (2A) of SEBI LODR for the Re-appointment of Ms. Rita Chandrasekar (DIN: 03013549) as Independent Director of the Company as approved by the Board of Directors on 13th November 2024.MoreLess
    Special
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 65.24% · other public 10.81%

    Turnout: all 50.10% · promoters 99.97% · institutions 10.50% · other public 1.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2024, 9 resolutions

Present: 10 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended 31st March 2024 and the Reports thereon/relating thereto.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  2. To declare Dividend of Rs. 1.50 per equity share on 20,36,40,336 of Rs. 10/- each for the year ended 31st March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 50.10% · promoters 99.97% · institutions 8.54% · other public 1.89%

  3. Appointment of Ms. Devaki Ashwin Muthiah, Director (DIN: 10073541), (retiring by rotation) as Director of the Company.
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 34.76% · other public 1.10%

    Turnout: all 50.10% · promoters 99.97% · institutions 8.54% · other public 1.89%

  4. Continuation of Mr. Ashwin C Muthiah (DIN: 00255679), as Non-Executive Chairman of the Company not liable to retirement by rotation.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  5. To appoint Mr. B S Purshotham (DIN: 08390291) as IndependentnDirector of the Company and to hold office for a period of five years from 8th September 2024.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.99%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  6. To appoint Ms. Latha Ramanathan (DIN: 07099052) as IndependentnDirector of the Company and to hold office for a period of five years from 8th September 2024.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  7. To ratify appointment of M/s. BY and Associates, Chennai, pursuant to Section 148 of the Companies Act, 2013 as Cost Auditor of the Company and payment of remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  8. To approve under Sec.197 of the Companies Act 2013 and under LODR, the payment of remuneration to Non-Executive Directors (including Independent Directors)
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.44%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

  9. To approve payment of increased remuneration to Mr. E Balu, (DIN: 08773795), Whole time Director of the Company from 1st June 2024 till the end of his term on 29th July 2026.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 50.09% · promoters 99.97% · institutions 8.54% · other public 1.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Jul 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Selvi. Apoorva, IAS (DIN: 03006238) as Nominee Director of the Company representing M/s Tamilnadu Industrial Development Corporation Limited
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 34.76% · other public 1.72%

    Turnout: all 48.87% · promoters 98.33% · institutions 11.25% · other public 1.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 May 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Debendranath Sarangi, IAS (Retd.) as Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.66%

    Turnout: all 49.98% · promoters 99.92% · institutions 10.80% · other public 1.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.