ICICI Prudential Mutual Fund has significantly reduced its equity exposure in Tamil Nadu Newsprint & Papers Ltd , selling over 18 lakh shares through open market transactions. The disposal brings the fund’s total holding down to 2.43% of the company’s paid-up capital.

The mutual fund disclosed the sale under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing indicates that the net disposal occurred between March 4, 2025, and September 7, 2026.

Shareholding Changes

Prior to this transaction, ICICI Prudential Mutual Fund held 34,86,328 shares, representing a 5.04% stake in the company as per the previous disclosure dated March 4, 2025. The recent sale involved 18,01,237 shares carrying voting rights.

The fund confirmed that the schemes and investment strategies hold these shares purely for investment purposes, with no objective to seek controlling interest. There were no encumbrances, pledges, or liens on the shares held by the fund.

Regulatory Context

The disclosure was submitted to BSE Limited on September 8, 2026, by Rakesh Shetty, Chief Compliance Officer & Company Secretary at ICICI Prudential Asset Management Company Limited. The company’s total equity share capital remains unchanged at ₹69,21,06,000, comprising 6,92,10,600 shares with a face value of ₹10 each.

Tamil Nadu Newsprint & Papers has declared a final dividend of ₹4 per equity share for FY26. The company also confirmed the schedule for its 46th Annual General Meeting (AGM), set for September 24, 2026.

The meeting will be conducted through video conferencing or other audio-visual means, without physical presence at a common venue. This arrangement complies with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Ministry of Corporate Affairs Circular No. 03/2025 dated September 22, 2025.

Dividend and Record Date

Shareholders on record as of September 17, 2026 will be eligible for the dividend payout. The book closure period runs from September 18, 2026, to September 24, 2026, both days inclusive.

For shareholders who have not updated their bank account details with their Depository Participants (DPs) or Registrar and Transfer Agent (RTA), dividend warrants or cheques will be dispatched to their registered addresses. The company advises shareholders to register or furnish tax status details to ensure smooth processing, as dividend income is taxable in the hands of shareholders.

E-Voting Schedule

The company has enabled remote e-voting for all items of business proposed in the AGM notice. Key dates for the voting process are outlined below:

Members holding shares as on the cut-off date can cast their votes remotely. Those who have already voted via remote e-voting may still attend the AGM but cannot vote again during the meeting. The remote e-voting module will be disabled by CDSL after the deadline.

Document Distribution and Speaker Registration

Pursuant to Regulation 34(1) of the SEBI Listing Regulations, the Annual Report for FY26 and the AGM notice have been sent electronically to shareholders with registered email addresses. These documents are also available on the company website and stock exchange portals. Shareholders without registered emails will receive a letter with access instructions.

Shareholders wishing to speak or ask questions during the meeting must register as speakers by sending a request to invest_grievances@tnpl.co.in on or before September 15, 2026. Only registered speakers will be allowed to express views during the virtual session. Queries from non-speakers can be submitted in advance via email for written responses.