Tamil Nadu Newsprint & Papers Limited has informed the Exchange regarding Appointment of DR N SUNDARADEVAN IAS RETD as Non- Executive Independent Director of the company w.e.f. September 12, 2025.
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Awaiting price reaction for this filing.
TNPL reported weak Q1 FY26 results with a loss after tax of ₹7.41 Crore versus a profit of ₹21.91 Crore in the same quarter last year, though total revenue rose slightly to ₹1,154.55 Crore. The company blamed lower paper prices and higher raw material costs for the profitability drop and said it is focusing on premium and higher-realisation products. The board approved the re-appointment of Dr. N. Sundaradevan (retired IAS officer) as Independent Director for a second term from September 12, 2025 to September 1, 2027, subject to shareholder approval via postal ballot. It also appointed Yogesh Gupta as Executive Director (Marketing-Paper & Board) effective July 7, 2025. Additionally, the 45th AGM was rescheduled to September 18, 2025, and a ₹3 per share (30%) final dividend will be paid on or after that date.
The swing to a quarterly loss and sharp drop in profitability versus last year is a negative signal for near-term sentiment, though management attributes it to external pricing pressures and outlines product-mix changes to recover margins. The director and auditor appointments are routine governance matters with no material impact expected on shareholders or stock price.