Dividend25 May 2026, 06:01 pm
SPIC Recommends 20% Dividend, Appoints Narasimhan Raghunathan as CFO
AI Summary
Southern Petrochemicals Industries Corporation Ltd (SPIC) announced that its Board of Directors, in a meeting held on May 22, 2026, recommended a dividend of 20% (₹2 per share) on equity shares with a face value of ₹10 each for the financial year 2025-26, subject to shareholder approval at the upcoming AGM. Additionally, Mr. Narasimhan Raghunathan has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective May 23, 2026, while Mr. KR Anandan will transition to focus on overall business growth as Whole-Time Director.
Key Highlights
- SPIC recommends a 20% dividend (₹2/share) for FY26, pending shareholder approval.
- Narasimhan Raghunathan appointed as CFO, effective May 23, 2026.
- KR Anandan to focus on business growth as Whole-Time Director.
- Audited financial results for the quarter/year ended March 31, 2026, were approved.
- Board meeting was held on May 22, 2026, from 2:10 P.M. to 5:20 P.M.
Price Impact
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