Andhra Paper Limited has issued a clarification and corrigendum to its earlier intimation dated May 2, 2026, revising the estimated production loss at its Kadiam Unit from 70 MT per day to 220 MT per day. The correction, filed with stock exchanges on May 5, 2026, acknowledges that the previously reported figure of 70 MT represented only the partial production loss during the strike period, when operations were continuing with limited disruption. Following the declaration of a full lockout effective 10:00 PM on May 1, 2026, the entire daily production capacity at the Kadiam Unit has been affected.

Background: Strike and Lockout Declaration

The industrial unrest at the Kadiam Unit, located in East Godavari, Andhra Pradesh, began on April 27, 2026, when contract workmen engaged through third-party manpower contractors initiated an illegal strike demanding revision of their contractual terms, including higher wages and benefits from their respective employers. Despite repeated appeals from management to resume duties, the striking workers disregarded these efforts. The management subsequently declared a lockout to safeguard employees, plant and machinery, materials, and other assets. The lockout remains in force until further notice.

Revised Impact Assessment

The corrigendum clarifies that the 220 MT per day figure represents the estimated daily production based on current operating levels following the full lockout. The company's permanent workforce is not participating in the industrial action, and operations at the Rajahmundry Unit remain completely unaffected. The revised disclosure details as required under Regulation 30 of SEBI (LODR) Regulations are outlined below.

Regulatory Compliance and Disclosure

The clarification was submitted by Company Secretary Bijay Kumar Sanku on May 5, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the updated information available on its website at www.andhrapaper.com . The disclosure references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company noted that the error in the earlier filing is regretted and requested the exchanges to take the clarification on record.

Andhra Paper has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Thursday, May 14, 2026. The intimation was issued pursuant to Regulation 29(1) and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier communication dated March 25, 2026 regarding the closure of the trading window.

Board Meeting Agenda

The Board meeting has been convened to address two key items on the agenda. The following table summarises the matters to be considered at the meeting:

The Board will consider and approve the audited financial results for Q4 FY26 as well as for the full financial year ended March 31, 2026. Additionally, the Board will deliberate on recommending a final dividend, if any, for the financial year 2025-26.

Company Details

Andhra Paper is headquartered at Rajamahendravaram – 533 105, East Godavari District, India, with its corporate office located at 31, Chowringhee Road, Park Street, Kolkata – 700 016, India. The company holds certifications under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The board meeting intimation was signed by Bijay Kumar Sanku, Company Secretary, on behalf of Andhra Paper.