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.

Andhra Paper Limited , a leading paper manufacturer, has announced a significant capital investment to upgrade its production capabilities at its Rajahmundry manufacturing facility. The company's Board of Directors has approved an investment of up to Rs 178.00 crore for the upgrade and rebuild of Paper Machine-3, a move that is set to substantially increase the company's production capacity.

Capacity Expansion Details

The ambitious project aims to increase the production capacity of Paper Machine-3 by a substantial 60%. This expansion will add up to 60 tonnes per day to the existing capacity, which currently stands at 36,000 tonnes per annum. The company reports that its current capacity is operating at 100% utilization, underscoring the need for this expansion.

Project Timeline and Financing

According to the company's filing with the stock exchanges, the capacity addition is estimated to be completed within 13 months. Andhra Paper plans to finance this significant investment through a combination of internal accruals and bank financing, demonstrating the company's financial flexibility and confidence in the project's returns.

Strategic Alignment

The company stated that this capacity addition aligns with their core area of operations. This strategic move is likely to strengthen Andhra Paper's position in the market and potentially increase its market share in the paper industry.

Financial Implications

While the exact financial impact of this expansion is yet to be seen, the substantial investment of Rs 178.00 crore indicates the company's commitment to growth and its positive outlook on market demand. The increased production capacity is expected to contribute to the company's revenue and potentially its profitability in the coming years.

Market Reaction

Investors and market analysts will be closely watching how this significant capital expenditure translates into financial performance for Andhra Paper Limited. The stock market's reaction to this news could provide insights into investor sentiment regarding the company's growth strategy.

This move by Andhra Paper Limited reflects a broader trend in the Indian paper industry, where companies are investing in capacity expansion and technological upgrades to meet growing demand and improve operational efficiency. As the project progresses, stakeholders will be keen to see how effectively the company executes this expansion and capitalizes on the increased production capacity.