Andhra Paper Limited has resumed operations of a second paper machine at its Kadiam unit effective July 23, 2026, increasing the facility's aggregate operational production capacity to approximately 93% of its normal level. The restart follows an earlier partial resumption on July 15, 2026, when one paper machine with a capacity of 150 MT per day was restored. The latest development involves the commencement of a second machine with a production capacity of 55 MT per day, marking significant progress towards full normalisation after a disruption caused by contract workmen demands regarding contractual terms.

The company confirmed that there is no physical damage to assets and that all insurable assets are adequately covered. Consequently, no quantifiable loss or damage has been reported. While permanent employees have returned to their shift schedules, the attendance of contract workmen had previously lagged at around 35% of normal strength, causing operational constraints. The improved capacity suggests a resolution to these staffing bottlenecks is underway.

Operational Status at Kadiam Unit

The following table outlines the updated operational parameters at the Kadiam unit located in East Godavari, Andhra Pradesh:

Andhra Paper continues to implement necessary operational measures to stabilise production and restore full operations at the earliest. The company stated that it will inform the stock exchanges of any further material developments in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Andhra Paper has fixed Tuesday, August 4, 2026, as the record date to determine members eligible to receive a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on May 14, 2026, is subject to approval at the upcoming Annual General Meeting and will be paid within 30 days from the date of declaration. The company has outlined specific Tax Deducted at Source (TDS) regulations and documentation requirements for shareholders to ensure exemption or lower withholding rates.

The company will hold its 62nd Annual General Meeting on Tuesday, August 11, 2026, at 11.30 AM IST via Video Conferencing or Other Audio Visual Means. The meeting will transact ordinary business, including the adoption of audited financial statements and the declaration of the dividend. Special business includes the re-appointment of Mr. Saurabh Bangur as Managing Director for a period of five years effective from October 1, 2026, to September 30, 2031, and the ratification of remuneration for cost auditors.

Tax Deduction and Compliance Requirements

For Resident Shareholders, tax will be deducted at source under Section 393(1) of the Companies Act, 2013 at the rate of 10% on the dividend amount unless exempt. In case of failure to link PAN with Aadhaar, the tax will be deducted at a higher rate of 20%. Resident Individual Shareholders are exempt from TDS if the aggregate dividend during the tax year 2026-27 does not exceed ₹10,000. To claim exemption, shareholders must submit Form 121 or other prescribed documents via the Shareholders' Portal or their Depository Participants on or before August 4, 2026.

Non-Resident Shareholders are subject to a withholding tax rate of 20% plus applicable surcharge and cess. They may avail benefits under the Double Taxation Avoidance Agreement (DTAA) by providing a Tax Residency Certificate, e-filed Form 41, and a self-declaration of no taxable presence in India. The company will apply its sole discretion in determining the applicability of beneficial DTAA rates based on the documents submitted.

E-Voting and Meeting Details

The remote e-voting facility will be available from Saturday, August 8, 2026, at 9:00 a.m. IST to Monday, August 10, 2026, until 5:00 p.m. IST. Members holding shares in physical or dematerialized form as on the record date are entitled to vote. The Board has appointed M/s. D. Hanumanta Raju & Co, Practicing Company Secretaries, as the Scrutiniser for the voting process.

The Annual Report for FY26, including the AGM notice, was dispatched electronically on July 20, 2026, to members whose email addresses were registered with the company, its Registrar and Share Transfer Agent KFin Technologies Limited, or Depository Participants as on July 17, 2026. Shareholders holding physical shares must update their KYC details to receive dividends electronically, as mandated by SEBI.