TNPL re-appoints auditor; resolves INR 9.8 lakh penalties

Tamil Nadu Newsprint and Papers Limited (TNPL) has re-appointed B Thiagarajan & Co as its external internal auditor for FY2026–27, while confirming that it has resolved penalties imposed by stock exchanges over board composition lapses.

The decision was approved at the company’s board meeting held on 27 March 2026.

Future prospects

TNPL is positioning itself for the next phase of growth, targeting a production milestone of one million tonnes per annum by 2030, while doubling down on its long-standing sustainability-led manufacturing model.

Currently operating at an installed capacity of 6,00,000 tonnes per annum, TNPL produces 400,000 TPA of printing and writing paper and 2,00,000 TPA of multi-layer double coated boards, marketed under the TNPL Aura brand. The company remains one of the largest global players using bagasse — a sugarcane residue — as its primary raw material, aligning its growth strategy with circular economy principles.

TNPL’s expansion into the packaging segment through its Unit II facility in Mondipatti, Tamil Nadu, has strengthened its presence in high-grade paperboard. The unit, commissioned in a record 18 months, produces over 200,000 TPA and caters to diverse packaging applications.

Paper power

Established in 1979 by the Government of Tamil Nadu, TNPL is a public limited company primarily engaged in the production of newsprint and writing paper using bagasse, a sugarcane residue. Headquartered in Chennai, the company operates in two main segments: Paper & Paper Board and Energy. It became a publicly listed entity in 1996-97.

The company is a leading producer of printing and writing paper using bagasse as raw material, operates two manufacturing units — at Kagithapuram in Karur district and Mondipatti in Tiruchirappalli district. The company has been expanding its presence in the paperboard segment while continuing to focus on sustainability-led manufacturing.

Regulatory Compliance and Disclosure

Earlier this week, TNPL announced that after its reappointment, B Thiagarajan & Co will be paid an annual fee of INR 19.50 lakh, excluding taxes, with INR 12.75 lakh allocated to Unit I and INR 6.75 lakh to Unit II.

The board also took note of penalties amounting to INR 4.89 lakh each levied by BSE and National Stock Exchange of India. The fines were imposed for non-compliance with specific requirements for board composition in listed companies.

TNPL stated that it has since addressed the lapse and is now compliant with the norms prescribed by the Securities and Exchange Board of India.