Tamil Nadu Newsprint and Papers Limited has received credit rating reaffirmation from ICRA Limited for financial facilities worth ₹2933 crore. The company disclosed this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 16, 2026.

Rating Details and Facility Breakdown

ICRA Limited has reaffirmed credit ratings across multiple facility categories for Tamil Nadu Newsprint and Papers Limited. The rating actions cover a comprehensive range of financial instruments including term loans, working capital facilities, and unallocated limits.

Term Loan Facilities

The term loan facilities totaling ₹1,489.56 crore are distributed across multiple banking partners. Indian Overseas Bank leads with ₹300.00 crore, followed by Punjab National Bank with ₹270.00 crore. Indian Bank and Export Import Bank of India each contribute ₹200.00 crore to the facility structure.

Working Capital and Other Facilities

The working capital facilities worth ₹775.00 crore comprise both fund-based and non-fund-based limits. Fund-based working capital facilities including cash credit, working capital demand loans, and packing credit total ₹350.00 crore. Non-fund-based facilities covering letters of credit and bank guarantees amount to ₹425.00 crore.

State Bank of India provides the largest share with ₹150.00 crore in fund-based facilities and ₹295.00 crore in non-fund-based facilities. Canara Bank, Indian Bank, and Karur Vysya Bank are other key banking partners supporting the company's working capital requirements.

Rating Significance and Compliance

The [ICRA]A+(Stable) rating indicates adequate degree of safety regarding timely servicing of financial obligations, with low credit risk. The [ICRA]A1 short-term rating reflects adequate degree of safety regarding timely payment of financial obligations. ICRA has scheduled the ratings for surveillance within one year from February 16, 2026.

The rating reaffirmation covers facilities across the company's operations, including its registered office in Chennai and manufacturing units in Karur and Tiruchirappalli districts. Tamil Nadu Newsprint and Papers Limited operates as a Government of Tamil Nadu enterprise specializing in bagasse-based eco-friendly paper manufacturing.

Tamil nadu newsprint & papers Limited has successfully concluded its postal ballot process for the appointment of an Independent Director, with shareholders demonstrating strong support for the governance initiative. The company announced the results on 30th January, 2026, following the completion of remote e-voting procedures.

Appointment Details and Resolution

The special resolution concerned the appointment of Thiru Sriganesh Padmanabhan (DIN: 01861673) as an Independent Director of the company. The appointment became effective from 23rd December, 2025, and will continue for a term of three consecutive years until 22nd December, 2028.

Voting Results and Shareholder Participation

The postal ballot process was conducted exclusively through remote e-voting, with participation from various shareholder categories. The company maintained a cut-off date of 26th December, 2025, for determining eligible voters.

Category-wise Voting Pattern

The resolution received unanimous support from promoter groups and institutional investors, while public non-institutional shareholders showed strong but not unanimous backing.

Process Timeline and Compliance

The postal ballot process followed regulatory requirements under the Companies Act, 2013, and SEBI regulations. The company dispatched the postal ballot notice dated 23rd December, 2025, through electronic mode to registered email addresses.

Key process milestones included:

• Notice Date: 23rd December, 2025
• Dispatch Date: 30th December, 2025
• Voting Period: 31st December, 2025 (9:00 AM) to 29th January, 2026 (5:00 PM)
• Result Declaration: 30th January, 2026

The company published advertisements in Business Standard (English) and Indhu Tamizh Thisai (Tamil) on 31st December, 2025, informing shareholders about the postal ballot process.

Scrutinizer Report and Validation

CS R. Sridharan of R. Sridharan & Associates Company Secretaries served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that all regulatory requirements were met and validated the voting results.

The final outcome showed 32,948,601 votes in favour and 4,722 votes against the resolution, representing 99.99% and 0.01% respectively of the total valid votes cast. The special resolution was passed with the requisite majority as the votes in favour exceeded three times the votes against.

Regulatory Disclosures

The voting results and scrutinizer's report have been made available on the company's website ( www.tnpl.com ) and the Central Depository Services (India) Limited website ( www.evotingindia.com ). The company has also communicated the results to BSE Limited and National Stock Exchange of India Limited, where its shares are listed, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.