Quarterly Result25 May 2026, 06:01 pm
SPIC Recommends 20% Dividend, Appoints Narasimhan Raghunathan as CFO
AI Summary
Southern Petrochemicals Industries Corporation Ltd (SPIC) announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors recommended a dividend of 20% (₹2 per share) subject to shareholder approval. Mr. Narasimhan Raghunathan has been appointed as the new Chief Financial Officer (CFO) effective May 23, 2026, while Mr. KR Anandan will continue as Whole-Time Director. The Board meeting was held on May 22, 2026, where these decisions were made.
Key Highlights
- SPIC declares audited financial results (standalone & consolidated) for FY26.
- Board recommends a dividend of 20% (₹2 per share) for FY26, pending shareholder approval.
- Narasimhan Raghunathan appointed as CFO, effective May 23, 2026.
- KR Anandan to continue as Whole-Time Director.
- Auditor's report on financial results has an unmodified opinion.
Price Impact
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