Andhra Paper received an order from the Andhra Pradesh Pollution Control Board (APPCB) levying an environmental compensation of ₹21,01,80,000. The regulator cited alleged breaches of consent conditions and directions.

The company received the order via email on September 7, 2026, at 3:41 pm. The APPCB issued the directive on September 5, 2026. Management is currently examining the basis for the levy.

Regulatory Compliance

The disclosure falls under Regulation 30(4)(i)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company classifies the event as material per its internal policy.

What the Numbers Show

The financial impact is quantified strictly at the amount levied. With no other operational metrics disclosed in this filing, the penalty represents a direct, non-operational cash outflow obligation pending any legal recourse.

Next Steps

Andhra Paper stated it will take appropriate steps to safeguard its interests. This includes responding to the order and pursuing necessary remedial and legal measures. The company affirmed its commitment to compliance with applicable environmental laws.

Andhra Paper Limited shareholders approved the reappointment of Saurabh Bangur as Managing Director for a five-year term effective October 1, 2026. The special resolution passed with 99.96% support at the company's 62nd Annual General Meeting (AGM) held on August 11, 2026. The meeting also declared a final dividend of ₹0.50 per equity share for FY26.

The appointment extends Bangur's tenure beyond his current term, which expires on September 30, 2026. The company confirmed that Bangur has not been debarred from holding the office of Director by SEBI or any other authority. He continues to oversee the company's operational transformation and strategic initiatives, including the flagship Tissue Machine Project aimed at diversifying the product portfolio.

Voting Results Overview

The scrutinizer's report, issued by Mr. D. Hanumanta Raju of D. Hanumanta Raju & Co., confirmed unanimous support from the promoter group across all resolutions. Public institutional investors also showed strong backing, while non-institutional public shareholders displayed minor dissent on leadership appointments.

Leadership Reappointment Details

Saurabh Bangur (DIN: 00236894) retired by rotation under Section 152(6) of the Companies Act, 2013. The ordinary resolution for his directorship received 153,153,163 votes in favor against 57,358 votes against. The special resolution for his appointment as Managing Director secured 153,143,753 votes in favor against 66,769 votes against.

Public non-institutional shareholders showed higher dissent on the MD reappointment, with 15.26% of their polled votes cast against the resolution. This contrasts with the 99.40% support from public institutional investors. The promoter group, holding 144,063,000 shares (72.45% of total outstanding shares), maintained 100% support.

Financial and Governance Resolutions

The adoption of audited financial statements for FY26 passed with 153,199,186 votes in favor, representing 99.9999% of valid votes cast. Only 136 votes were recorded against this resolution. Similarly, the dividend declaration resolution received 153,210,401 votes in favor, with identical opposition of 136 votes.

The ratification of cost auditors' remuneration also achieved near-unanimous support, with 153,210,386 votes in favor. The scrutinizer noted that two members abstained from voting on the financial statements resolution, while one member abstained on the cost auditor remuneration resolution.

What the Numbers Show

The voting pattern reveals a clear divergence between institutional and retail investor sentiment on leadership matters. While institutional investors supported Saurabh Bangur's reappointment with 99.40% approval, non-institutional public shareholders opposed the MD appointment at a rate of 15.26%. This suggests that while large investors maintain confidence in management continuity, smaller shareholders may have concerns about executive compensation or governance practices. The promoter group's absolute control (72.45% stake) ensures leadership stability regardless of retail dissent.

Scrutinizer Compliance

Mr. D. Hanumanta Raju, appointed as scrutinizer on May 14, 2026, confirmed compliance with Regulation 44(3) of SEBI LODR Regulations, 2015. The e-voting process was conducted in accordance with Ministry of Corporate Affairs guidelines, with proper notice issued on May 14, 2026. The company secretary, Bijay Kumar Sanku, oversaw the finalization of voting records for safe custody.