Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding 'Outcome of 321st B.M held on 27.03.2026'.
TNPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TNPL's Board of Directors met on 27th March 2026 and approved two key items. First, it re-appointed M/s B. Thiagarajan & Co., Chartered Accountants (Chennai-based firm established in 1975) as External Internal Auditors for FY 2026-27, with total audit fees of Rs. 19.50 lakh per annum (Rs. 12.75 lakh for Unit-I and Rs. 6.75 lakh for Unit-II) plus applicable taxes. Second, the Board took note of fines of Rs. 4,89,700 each levied by BSE and NSE (totaling ~Rs. 9.79 lakh) for past non-compliance with the board composition requirements under Regulation 17(1) of SEBI LODR Regulations. The Board confirmed that the company is now compliant with the board composition norms.
The auditor re-appointment is a routine, low-impact item. However, the stock exchange fines for board composition non-compliance are a governance red flag, even though the company states it has since rectified the issue. Shareholders should note the governance lapse, though the financial impact of the fines is minor.