TNPL Shareholders Approve Independent Director Appointment Through Postal Ballot
Tamil Nadu Newsprint and Papers Limited successfully appointed Thiru Sriganesh Padmanabhan as Independent Director through postal ballot with 99.99% shareholder approval. The three-year appointment is effective from 23rd December, 2025, with 195 out of 52,353 shareholders participating in the remote e-voting process. The company received unanimous support from promoter groups and institutional investors for this governance initiative.
*this image is generated using AI for illustrative purposes only.
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.
| Parameter | Details |
|---|---|
| Director Name | Thiru Sriganesh Padmanabhan |
| DIN | 01861673 |
| Appointment Date | 23rd December, 2025 |
| Term Duration | 3 years |
| Term End Date | 22nd December, 2028 |
| Resolution Type | Special Resolution |
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.
| Voting Statistics | Numbers |
|---|---|
| Total Shareholders | 52,353 |
| Total Shares Outstanding | 69,210,600 |
| Shareholders Participated | 195 |
| Valid Forms Received | 195 |
| Invalid Forms | 0 |
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.
| Shareholder Category | Shares Held | Votes Polled | Polling % | Votes in Favour | Votes Against | Support % |
|---|---|---|---|---|---|---|
| Promoter Group | 24,444,900 | 24,444,900 | 100.00 | 24,444,900 | 0 | 100.00 |
| Public Institutions | 14,123,102 | 8,460,530 | 59.91 | 8,460,530 | 0 | 100.00 |
| Public Non-Institutions | 30,642,598 | 47,893 | 0.16 | 43,171 | 4,722 | 90.14 |
| Grand Total | 69,210,600 | 32,953,323 | 47.61 | 32,948,601 | 4,722 | 99.99 |
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.
Historical Stock Returns for Tamil Nadu Newsprint & Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.26% | -0.65% | -8.26% | -16.18% | -20.48% | +11.75% |
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