Tamilnadu Petroproducts Limited (TPL) has officially announced a major change in its senior management structure in a filing made to both the National Stock Exchange (NSE) and BSE dated 6th May 2025. This strategic move follows a board meeting held earlier on the same day, where, based on the recommendations of the Nomination and Remuneration Committee, the board approved a significant realignment in the organisational structure, effectively reshaping the leadership landscape at the company.

This re-alignment will be effective from 7th May 2025, and as per the company’s disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following individuals have been identified and categorized as the new Senior Management Personnel (SMP) of the organization:

• Mr. D Senthi Kumar, Managing Director

• Mr. C Parthiban, Chief Financial Officer

• Mr. N Murugan, Vice President - Operations

• Mr. S Sridharan, Vice President - Marketing

• Mr. Shyamsundar Rajaraman, Senior Manager – Procurement & Logistics

• Ms. Sangeetha Sekar, Company Secretary

This decision marks a noteworthy shift in leadership, reaffirming the company’s commitment to streamlining operations and strengthening accountability at the top. Tamilnadu Petroproducts leadership restructuring is seen as a move aimed at reinforcing strategic execution while aligning with current regulatory requirements.

The inclusion of Mr. Shyamsundar Rajaraman in the list of new SMPs is particularly significant. He brings a wealth of experience in procurement and logistics, a sector critical to TPL’s operations. Having joined Tamilnadu Petroproducts in May 2022, Shyamsundar previously served at Manali Petrochemicals Limited from January 2020 to April 2022. Prior to that, he worked internationally in China between 2017 and 2020 in the petroleum drilling sector, building a solid career foundation beginning in 2013 as a Drilling Engineer, and rising to the role of Contracts Manager. He holds a Master’s degree in petroleum engineering and is not related to any other Director or Key Managerial Personnel at the company.

As part of this Tamilnadu Petroproducts SEBI disclosure, the company also clarified that the following individuals will no longer fall under the purview of the Senior Management Personnel category effective the same date:

• Mr. R M Raghunathan

• Mr. M Venkatakrishnan

• Mr. V S Prakash Kumar

• Mr. K Vasantha Kumar

• Mr. N J Venkatesh

• Mr. S Kumaragurubaran

• Mr. S C Kumar

This decision is in line with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates a more stringent definition and disclosure around SMP designations in listed companies. The change will help ensure transparency, accountability, and better corporate governance under SEBI’s evolving compliance framework.

The Tamilnadu Petroproducts senior management change is being perceived by market observers as an important step for the company to sharpen its leadership focus in core operational areas. With this realignment, key executives are now officially recognized as SMPs, paving the way for enhanced oversight in departments such as finance, marketing, operations, and procurement & logistics.

The board decision also reflects the company’s continued ambition to evolve with time while maintaining regulatory compliance and delivering shareholder value. By repositioning the organisation’s top talent into designated roles of accountability, Tamilnadu Petroproducts Limited aims to streamline communication, enhance decision-making, and drive performance across verticals.

Furthermore, the stock markets, particularly stakeholders invested in TNPETRO, are expected to watch closely how this TNPETRO SMP realignment translates into operational performance and long-term growth. The company's transparent announcement, timely disclosure to BSE and NSE, and adherence to Regulation 30 of SEBI (LODR) have all been part of a well-documented communication process that reflects professionalism and adherence to corporate best practices.

With Tamilnadu Petroproducts corporate announcement now made public, the change is likely to have both internal and external strategic implications. Internally, employees may find a renewed leadership focus with clearer reporting lines. Externally, this reclassification of senior leadership provides more clarity to shareholders, analysts, and regulators, all of whom rely on well-defined governance structures for evaluating corporate performance.

In essence, this Tamilnadu Petroproducts latest news update not only marks a key milestone in leadership restructuring but also showcases the company’s evolving focus on compliance, leadership clarity, and operational efficiency. It comes at a time when listed companies are increasingly required to demonstrate transparency and organisational agility, especially within regulatory frameworks such as those outlined by SEBI.

The proactive approach taken by the Tamilnadu Petroproducts board decision reaffirms its commitment to evolving with regulatory expectations and staying ahead of corporate governance standards. The move ensures that the company remains in sync with both industry best practices and stakeholder expectations, while equipping its newly appointed senior management to lead the way forward.

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