Annual Secretarial Compliance Report for the year ended 31st March, 2026
TNPL · price
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Tamil Nadu Newsprint and Papers Limited (TNPL) has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by R. Sridharan & Associates, Company Secretaries. The report identifies three compliance deviations during the year. First, there was a delayed appointment of Independent Directors from September to December 2025, resulting in non-compliance with board composition requirements under Regulation 17(1)(a). Second, the Nomination and Remuneration Committee was not properly constituted with the required two-thirds Independent Directors during the same period. Third, there was a 3-day delay in filing Related Party Transactions in XBRL format with NSE (Q2 FY 2025-26). Total fines imposed were Rs. 1,16,820 (BSE: Rs. 99,120 and NSE: Rs. 17,700), all of which have been paid and actions closed. The management attributed the delays to unforeseen circumstances and difficulty in identifying suitable candidates. All other compliance areas including secretarial standards, policies, website disclosures, document preservation, performance evaluation, and insider trading norms were found satisfactory.
The compliance deviations are minor procedural delays that have been fully resolved with fines paid. The company has clarified that the delays were due to genuine difficulties in finding appropriately skilled independent directors. This filing indicates no material governance concerns and should not significantly impact investor sentiment, though it reflects some administrative laxity in regulatory filings.