Andhra Paper Limited , a prominent player in the paper industry, has announced significant changes to its board committees, set to take effect from October 29, 2025. This strategic move aims to strengthen the company's corporate governance structure and enhance its operational efficiency.

Key Committee Changes

The company has reconstituted four major committees: Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management. Here's a detailed breakdown of the new committee structures:

Notable Appointments

• Virendra Sinha: Takes on dual leadership roles as the chairman of both the Audit Committee and the Nomination and Remuneration Committee.
• Ramesh Kumar Aggarwal and Papia Sengupta: Join as new members of the Audit Committee.
• Deepak Jalan: Appointed as a new member in both the Nomination and Remuneration Committee and the Risk Management Committee.
• Virendraa Bangur: Assumes the role of chairman for the Stakeholders Relationship Committee.

Balanced Composition

The reconstituted committees reflect a balanced mix of executive and non-executive directors, with a strong presence of independent directors. This composition aims to ensure objective decision-making and effective oversight of the company's operations.

Compliance and Transparency

Andhra Paper Limited has made these changes in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has promptly disclosed this information to the stock exchanges and made it available on its official website, demonstrating its commitment to transparency and regulatory compliance.

These strategic changes in the board committees are expected to enhance Andhra Paper Limited's corporate governance practices, potentially leading to improved decision-making processes and stakeholder confidence in the company's management.

Andhra Paper Limited (APL), a prominent player in the Indian paper industry, recently held its 61st Annual General Meeting (AGM) on August 7, 2025, marking significant developments for the company's governance structure.

Reappointment of Independent Director

The shareholders of Andhra Paper Limited approved the reappointment of Smt. Papia Sengupta (DIN: 07701564) as an Independent Director for a second term of three years, effective September 1, 2025. This decision underscores the company's commitment to maintaining strong corporate governance practices.

Smt. Sengupta brings a wealth of experience to the board, with her core competencies spanning various crucial areas:

• Corporate & MSME Finance
• Stressed Assets Management
• Risk Management
• Banking
• Treasury & Investment
• Audit & Inspection
• Overseas Banking
• Human Resource Management

Her educational background includes a science degree, complemented by the Chartered Financial Analyst (CFA) qualification from ICFAI in 2001 and CAIIB from the Indian Institute of Banking and Finance in 2008.

Appointment of Secretarial Auditors

In another significant move, the shareholders approved the appointment of M/s. D. Hanumanta Raju & Co., Company Secretaries (Firm Registration No. P1990AP015500), as the Secretarial Auditors of the Company. This appointment is for a term of five consecutive years, commencing from the conclusion of the 61st AGM until the conclusion of the 66th AGM to be held in 2030.

Other Key Resolutions

The AGM also saw the passage of several other important resolutions:

1. Adoption of the Audited Financial Statements for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors.
2. Declaration of a final dividend of Rs. 1.00 per equity share of face value Rs. 2.00 each for the financial year ended March 31, 2025.
3. Reappointment of Mr. Virendraa Bangur (DIN: 00237043) as a Director, who was retiring by rotation.
4. Ratification of the remuneration for Cost Auditors.

Shareholder Participation and Voting Results

The AGM, conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), saw active participation from shareholders. The voting results indicate strong support for all resolutions, with most receiving over 99% votes in favor.

Andhra Paper Limited, with its corporate identity number L21010AP1964PLC001008, continues to uphold high standards of corporate governance and transparency. The company, which is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, reaffirms its commitment to sustainable growth and shareholder value creation through these strategic appointments and decisions.