TNPL shareholders approve FY26 financials, ₹4.00 dividend at 46th AGM
- Shareholders approved a final dividend of ₹4.00 per share (40%) for FY26
- All five ordinary resolutions passed with over 99.97% votes in favour
- Statutory auditors issued unqualified opinion with observation on EBS database-level audit trail
*this image is generated using AI for illustrative purposes only.
Tamil Nadu Newsprint and Papers Limited shareholders approved the adoption of audited financial statements for FY26 and declared a final dividend of ₹4.00 per equity share (40%) during the 46th Annual General Meeting held on September 24, 2026.
The meeting, conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars, was chaired by Kumar Jayant, Chairman and Managing Director. Key resolutions passed included the declaration of dividend, re-appointment of a director retiring by rotation, and fixation of statutory auditor remuneration.
Voting results disclosed
The company disclosed the consolidated voting results pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 51,591 shareholders were on record as of the cut-off date, September 17, 2026. Voting took place through remote e-voting from September 21 to September 23, 2026, and electronic voting during the AGM.
All five ordinary resolutions were passed with requisite majority. The resolution for the adoption of financial statements received 99.98% votes in favour, while the dividend declaration saw 99.99% support. The re-appointment of Dr S Vijayakumar, I.A.S., received 99.97% votes in favour.
| Resolution | Votes in Favour (%) | Votes Against (%) | Result |
|---|---|---|---|
| Adoption of Financial Statements | 99.98% | 0.02% | Passed |
| Declaration of Dividend (₹4.00/share) | 99.99% | 0.01% | Passed |
| Re-appointment of Director | 99.97% | 0.03% | Passed |
| Auditor Remuneration | 99.98% | 0.02% | Passed |
| Cost Auditor Ratification | 99.98% | 0.02% | Passed |
Statutory audit observations
The company’s statutory auditors, M/s A John Moris & Co, issued an unqualified opinion on the financial statements. However, they noted an observation regarding the audit trail functionality of the accounting software, Oracle E-Business Suite (EBS). The auditors reported that while EBS maintains an audit trail at the application level, it does not have audit trail enabled at the database level to log direct data changes. The auditors clarified that there is no scope for users to alter or edit entries at the backend.
Additionally, the Comptroller and Auditor General of India submitted a "NIL" report, indicating no adverse comments on the accounts. Secretarial auditors M/s Sridharan & Sridharan Associates provided their report, with qualifications addressed in the Board’s Report.
Governance and attendance
The Board of Directors present included Kumar Jayant (CMD), N Venkatesh, R Kannan, and several independent directors such as Dr N Sundaradevan, Tmt M Sathiyavathy, Mathew Thomas, and Sriganesh Padmanabhan. Dr S Vijayakumar was absent due to prior commitments but was up for re-appointment. The meeting concluded at 1:45 pm after addressing member queries on operational performance and market outlook.
Historical Stock Returns for Tamil Nadu Newsprint & Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.29% | -3.55% | -9.79% | +0.56% | -9.53% | -2.12% |
How will the company address the auditors' observation regarding the lack of database-level audit trails in its Oracle EBS system to enhance compliance?
What impact might the ₹4.00 dividend payout have on Tamil Nadu Newsprint's retained earnings and future capital expenditure plans for FY27?
Given the government ownership structure, how might the re-appointment of an IAS officer as director influence future strategic decisions or policy alignment?
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