TNPL appoints A John Moris & Co as statutory auditors for FY27

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Riya DScanX News Team
Key Highlights
  • TNPL appointed M/s. A. John Moris & Co. as Statutory Auditors for FY27
  • Appointment approved by Board on September 24, 2026
  • CAG initiated appointment via letter dated September 9, 2026
  • Auditor firm has 31 partners and 23 branches across India
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Tamil Nadu Newsprint and Papers Limited has appointed M/s. A. John Moris & Co., Chartered Accountants, as its Statutory Auditors and Tax Auditors for the financial year 2026-2027. The appointment was ratified by the company's Board of Directors during a meeting held on September 24, 2026.

The selection of the audit firm was initiated by the Office of the Comptroller and Auditor General of India (CAG). In a letter dated September 9, 2026, the CAG exercised powers conferred by Section 139 of the Companies Act, 2013 to appoint M/s. A. John Moris & Co. for the specified tenure. The firm holds Firm Registration Number (FRN) 007220S.

Auditor profile and tenure

M/s. A. John Moris & Co. is a Chennai-headquartered firm established in 1996. It currently operates with 31 partners and maintains 23 branches across India. The firm provides professional services including Audit, Assurance, and Related Services, with over three decades of experience in the market.

The tenure of the appointment is set for one year, covering FY27. This appointment aligns with the regulatory framework under Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring compliance with listing obligations regarding auditor disclosures.

Board meeting details

The Board meeting commenced at 11:00 am and concluded at 5:00 pm on Thursday, September 24, 2026. The approval of the statutory auditor was one of several items on the agenda, formally communicated to both BSE Limited and the National Stock Exchange of India Limited in compliance with disclosure norms.

Historical Stock Returns for Tamil Nadu Newsprint & Papers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-3.55%-9.79%+0.56%-9.53%-2.12%

How might the appointment of a new statutory auditor influence Tamil Nadu Newsprint and Papers' upcoming financial reporting standards and transparency metrics?

What are the potential operational challenges for M/s. A. John Moris & Co. in integrating with TNPL's existing financial systems given the one-year tenure constraint?

Will this CAG-directed appointment signal broader regulatory scrutiny or changes in audit governance practices for other state-owned enterprises in the paper sector?

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ICICI Prudential MF cuts Tamil Nadu Newsprint stake to 2.43%

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • ICICI Prudential Mutual Fund sold 18,01,237 shares of Tamil Nadu Newsprint & Papers Ltd
  • The fund's stake reduced from 5.04% to 2.43% following the open market sale
  • Transactions occurred between March 4, 2025, and September 7, 2026
  • Remaining holding stands at 16,85,091 shares with no encumbrances
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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.

Metric Before Sale After Sale
Shares Held 34,86,328 16,85,091
Stake Percentage 5.04% 2.43%
Voting Rights 5.04% 2.43%

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.

Historical Stock Returns for Tamil Nadu Newsprint & Papers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%-3.55%-9.79%+0.56%-9.53%-2.12%

What strategic factors or valuation concerns prompted ICICI Prudential to halve its stake in Tamil Nadu Newsprint & Papers Ltd?

How might this significant institutional exit impact the stock's liquidity and short-term price volatility?

Are other major mutual funds or institutional investors likely to follow suit and reduce their exposure to the paper sector?

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1 Year Returns:-9.53%