Tamil Nadu Newsprint & Papers Limited has announced a key leadership change with the appointment of Thiru Kumar Jayant, IAS as Chairman and Managing Director effective 30th April 2026. The appointment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

The Government of Tamil Nadu issued order G.O. Rt. No. 1537 dated 30th April 2026 of Public (Special – A) Department, appointing Thiru Kumar Jayant as Chairman and Managing Director of the company with full additional charge. This appointment comes as Dr Sandeep Saxena, IAS ceases to be the Chairman and Managing Director following his retirement from service on superannuation on 30th April 2026.

Profile of New Chairman and Managing Director

Thiru Kumar Jayant brings extensive administrative experience to his new role. The officer's background demonstrates a strong foundation in public administration and governance.

Administrative Experience

Throughout his career, Thiru Kumar Jayant has held various key positions in the Tamil Nadu government. His extensive experience includes roles as Additional Chief Secretary to Government, Principal Secretary, Commissioner, Member Secretary, Director, Executive Director, Additional Secretary Director, District Collector, Joint Secretary, Joint Transport Commissioner, Joint Chief Electoral Officer, Administrator, Additional Collector, and Assistant Collector.

Prior to this appointment, he was serving as Additional Chief Secretary/Chairman and Managing Director of Tamil Nadu Industrial Investment Corporation Limited (TIIC), a position he will continue to hold in addition to his new role at TNPL.

Regulatory Compliance

The company has confirmed compliance with all regulatory requirements for the appointment. In accordance with SEBI guidelines and the Companies Act, 2013, the company has affirmed that Thiru Kumar Jayant is not debarred from holding the office of director by virtue of any SEBI order or any other authority. Additionally, he is not disqualified from holding the office of director under Section 164 of the Companies Act, 2013.

The appointment notification was signed by Anuradha Ponraj, Company Secretary and Compliance Officer, ensuring all procedural requirements were met for the leadership transition.

Tamil Nadu Newsprint & Papers has delivered outstanding Q4 performance with net profit surging 986% to ₹2.40 billion compared to ₹221 million in the corresponding quarter of the previous year. Despite revenue declining to ₹12.71 billion from ₹13.40 billion year-on-year, the company demonstrated remarkable profitability improvement with EBITDA margin expanding significantly to 11.06% from 7.7%.

Exceptional Q4 Financial Performance

The fourth quarter results showcase the company's ability to enhance operational efficiency and profitability despite challenging market conditions. EBITDA for Q4 reached ₹1.40 billion compared to ₹1.00 billion in the same quarter last year, reflecting strong cost management and operational improvements.

Outstanding Annual Performance FY26

The exceptional quarterly performance contributed to remarkable annual results for FY26, with net profit after tax reaching ₹247.75 crore compared to ₹3.73 crore in the previous year, representing a phenomenal 6,540% year-on-year increase. Annual revenue from operations grew 3.43% to ₹4,644.89 crore from ₹4,490.91 crore.

Production Milestones and Operational Excellence

The company achieved its highest ever production and sales of paper and board since inception. Paper production reached 434,294 MT against 425,166 MT previously, while board production increased to 200,075 MT from 189,406 MT. Paper sales grew to 447,844 MT from 432,055 MT, and board sales rose to 198,849 MT from 183,515 MT.

Corporate Governance and Dividend Distribution

The Board of Directors approved the audited financial results at their meeting held on April 24, 2026, and recommended a total dividend of 40%, equivalent to ₹4.00 per share for FY26. The company opted for the new tax regime under section 200 of the Income-tax Act with an effective tax rate of 25.168%, resulting in a beneficial restatement of deferred tax liability and a reversal of ₹219.43 crore to the Statement of Profit and Loss.