The board of Tamil Nadu Newsprint and Papers Limited (TNPL) has re-appointed Dr. N Sundaradevan, I.A.S. (Retd.), as an Independent Director of the company. The decision was made based on the results of a postal ballot, which concluded on August 30, 2025.
The resolution for the re-appointment was passed with requisite majority, as per the Scrutinizer's report. The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and relevant regulations.
Voting Details:
The voting details, as per the Scrutiniser's report, are as follows:
- Total number of shareholders: 53337
- Total number of shares: 69210600
| Particulars | As per E-Voting |
|---|---|
| Postal Ballot Forms Received | 357 |
| Less: Invalid Forms | 0 |
| Net Valid Forms | 357 |
Votes in Favour:
- Number of members voted in E-Voting: 302
- Number of votes cast (Shares): 33089373
- Percentage of total valid votes cast: 99.97%
Votes Against:
- Number of members voted in E-Voting: 55
- Number of votes cast (Shares): 10135
- Percentage of total valid votes cast: 0.03%
Invalid Votes:
- Number of members voted in E-Voting: NIL
- Number of votes cast (Shares): NIL
The re-appointment is for a period commencing from September 12, 2025, to September 01, 2027, and Dr. N Sundaradevan will not be liable to retire by rotation.
The board meeting to approve the postal ballot results was held on August 30, 2025. The results have been displayed on the company's website and informed to the stock exchanges (BSE and NSE).
Dr. Sandeep Saxena, I.A.S., Chairman and Managing Director, announced the results and confirmed the resolution was duly passed with the required majority.
The re-appointment complies with Sections 149 and 152 of the Companies Act, 2013, and other applicable regulations.
SIGNED ON: 08.09.2025
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