Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
TNPL · price
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TNPL's board met on March 27, 2026 and approved two key items. First, the re-appointment of M/s B Thiagarajan & Co., Chartered Accountants, as External Internal Auditors for FY 2026-27 at a fee of Rs. 19.50 lakh per annum (Rs. 12.75 lakh for Unit-I and Rs. 6.75 lakh for Unit-II), with Mr. Ram Srinivasan leading the engagement. Second, the board took note of fines of Rs. 4.89 lakh each (totalling ~Rs. 9.79 lakh) levied by BSE and NSE for past non-compliance with the board composition requirements under Regulation 17(1) of SEBI LODR Regulations. The company has since become compliant with the board composition norm.
This is a routine disclosure with limited market impact. The auditor re-appointment is standard and the fines are small relative to TNPL's size, and the board composition non-compliance issue has already been resolved.