Andhra Paper Ltd

Andhra Paper Ltd has announced the partial resumption of manufacturing operations at its Kadiam Unit effective July 15, 2026. This follows a period of disruption due to workmen not resuming duties post-lockout revocation. One paper machine with a capacity of 150 MT per day, representing approximately 70% of the unit's production, has recommenced operations. The company expects further improvements leading to full operations, contingent on increased attendance of contract workmen, whose current attendance is at 35% of normal levels. Permanent employees have resumed duties. The disruption was attributed to demands by contract workmen regarding contractual terms.

Andhra Paper Ltd has announced Tuesday, August 4, 2026, as the record date for determining eligibility to receive dividends for the financial year 2025-26. This decision is in compliance with SEBI (LODR) Regulations, 2015. If the dividend is approved at the 62nd Annual General Meeting (AGM), it will be disbursed within 30 days of its declaration. The company has informed depositories and registrars about this record date.

Andhra Paper Ltd has announced that its 62nd Annual General Meeting (AGM) will be held on Tuesday, August 11, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with circulars from the Ministry of Corporate Affairs and SEBI. The Annual Report for the financial year 2025-26, along with the AGM notice, will be dispatched electronically to shareholders whose email addresses are registered by July 17, 2026. The company is an ISO certified entity.

Andhra Paper Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The window will be shut from July 01, 2026, until 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. This measure is in accordance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons, aimed at preventing insider trading during the sensitive period leading up to and immediately following the financial results announcement.

Andhra Paper Limited has issued an intimation to its physical shareholders requesting them to furnish and update their Know Your Customer (KYC) details with the company's Registrar and Transfer Agent (RTA), KFin Technologies Limited. This action is in compliance with SEBI regulations and circulars, mandating the submission of PAN, contact details, bank account information, and specimen signatures. Shareholders who fail to update their KYC may face restrictions on lodging grievances, availing services, and receiving payments, including dividends, which will be processed electronically only from April 1, 2024. The company has provided specific forms (ISR-1, ISR-2, SH-13, ISR-3) and submission methods via hard copy, email, or the RTA's web portal.

Andhra Paper Ltd has reported a significant disruption in operations at its Kadiam unit following the revocation of a lockout. Despite the lockout being lifted on May 29, 2026, workmen have not resumed duties, leading to a daily production loss of approximately 205 tons. The company estimates a revenue loss of ₹143 lacs per day. Management is actively engaged in discussions with workmen representatives and authorities to resolve the issue and restore normal operations. The disruption is attributed to demands from contract workmen regarding contractual terms. The company anticipates a resolution and phased restoration to full capacity in the short term and has confirmed that its assets are covered by insurance.

Andhra Paper Ltd has revoked the lockout at its Unit Kadiyam, East Godavari District, Andhra Pradesh, effective May 29, 2026. This follows the initial lockout declaration on May 2, 2026. Employees have been instructed to resume duties as per their shift schedules, and the company has made arrangements to restart operations. Andhra Paper is working with authorities and employee representatives to restore normal operations and will keep the stock exchanges informed of further developments. The information is available on the company's website.

Andhra Paper Ltd's board has re-appointed Mr. Saurabh Bangur as Managing Director for a 5-year term effective October 1, 2026, subject to shareholder approval. Mr. Bangur's leadership has focused on strategic growth, operational excellence, and modernization, including the Tissue Machine Project. His management style emphasizes accountability, employee ownership, and constructive stakeholder relationships.

Andhra Paper Ltd's board approved and recommended a final dividend of ₹0.50 per share (25%) on equity shares of ₹2 each for FY 2025-26, subject to shareholder approval at the 62nd Annual General Meeting. The record date will be determined and announced later. The dividend will be paid within the stipulated timeframe as per the Companies Act, 2013, following approval.

Andhra Paper Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. MSKA & Associates LLP issued an unmodified opinion on the results. A final dividend of ₹0.50 per equity share (25%) has been recommended for FY26, subject to shareholder approval at the AGM. The reappointment of Mr. Saurabh Bangur as Managing Director for 5 years starting October 1, 2026, was also approved, pending shareholder approval.