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TNPL Files Q3 FY26 Governance Report; Discloses Stock Exchange Fines for Non-Compliance
Tamil Nadu Newsprint & Papers Ltd (TNPL) has submitted its corporate governance report for the quarter ended December 31, 2025. The company disclosed that it received fines from both BSE and NSE for non-compliance with SEBI LODR regulations regarding board and committee composition. A waiver application for these fines was filed on January 21, 2026, and the company is currently awaiting a response from the exchanges. The report also confirmed no cyber security incidents or new tax litigations were reported during the period.
Key Highlights
Board consists of 8 directors, including 4 Independent Directors and 1 Executive Director (MD).
Fines imposed by BSE and NSE for non-compliance with SEBI LODR Regulations 17(1), 19(1), and 19(2).
Waiver application for the imposed fines filed with stock exchanges on January 21, 2026.
Zero cyber security incidents or data breaches reported for the quarter ended December 31, 2025.
No new updates on ongoing tax litigations or acquisitions of unlisted companies during the quarter.
💼 Action for Investors
Investors should monitor the outcome of the waiver application regarding the stock exchange fines to ensure no further regulatory escalations. While these are often technical lapses in state-run entities, persistent non-compliance can impact ESG scores.