Latest news about Andhra Paper
Andhra Paper
67.76
+1.19(+1.79%)
Company Performance:
View Company Insights1D+1.79%
1M+15.97%
6M-13.34%
1Y-8.99%
5Y+59.92%
More news about Andhra Paper
28Oct 25
Andhra Paper Limited Revamps Board Committees: Key Changes Effective October 29, 2025
Andhra Paper Limited has announced significant changes to its board committees, effective October 29, 2025. The company has reconstituted four major committees: Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management. Notable appointments include Virendra Sinha as chairman of both Audit and Nomination and Remuneration Committees, and Virendraa Bangur as chairman of the Stakeholders Relationship Committee. The restructuring aims to strengthen corporate governance and enhance operational efficiency, with a balanced mix of executive and non-executive directors.
09Aug 25
Andhra Paper Limited Shareholders Approve Key Appointments at 61st AGM
Andhra Paper Limited conducted its 61st Annual General Meeting on August 7, 2025. Shareholders approved the reappointment of Smt. Papia Sengupta as an Independent Director for a three-year term and appointed M/s. D. Hanumanta Raju & Co. as Secretarial Auditors for five years. Other resolutions included adopting financial statements, declaring a final dividend of Rs. 1.00 per equity share, reappointing Mr. Virendraa Bangur as a Director, and ratifying Cost Auditors' remuneration. The AGM, held via video conferencing, saw strong shareholder support with most resolutions receiving over 99% votes in favor.
05Aug 25
Andhra Paper Invests Rs 178 Crore to Boost Production Capacity by 60%
Andhra Paper Limited has approved an investment of up to Rs 178.00 crore to upgrade and rebuild Paper Machine-3 at its Rajahmundry facility. The project aims to increase the machine's production capacity by 60%, adding 60 tonnes per day to the existing 36,000 tonnes per annum. The expansion is expected to be completed within 13 months and will be financed through internal accruals and bank financing. This strategic move aligns with the company's core operations and is expected to strengthen its market position.
05Aug 25
Andhra Paper Approves Rs. 178 Crore Capital Investment, Appoints Two Independent Directors
Andhra Paper Limited (APL) has approved a Rs. 178 crore investment to upgrade Paper Machine-3 at its Rajahmundry facility, aiming to increase production capacity by 60%. The project is expected to complete in 13 months. APL also appointed two new Independent Directors: Mr. Ramesh Kumar Aggarwal and Mr. Deepak Jalan, effective October 29, 2025, for a three-year term. The board approved Q2 financial results and noted payment of fines under protest to NSE and BSE for alleged non-compliance, with an appeal pending before the Securities Appellate Tribunal.
11Jul 25
Andhra Paper Declares Lockout at Rajahmundry Plant Amid Workers' Strike
Andhra Paper Limited (APL) has announced a lockout at its Rajahmundry manufacturing plant from July 11, 2025, 8:00 AM, following a workers' strike that began on July 6, 2025. The strike, called for wage enhancement, is deemed illegal by APL as the dispute is pending with the industrial tribunal. The lockout is expected to result in a daily production loss of approximately 520 metric tonnes. APL has assured that all assets at the facility are insured, and no significant loss or damage is anticipated. The lockout will continue until further notice.
08May 25
Andhra Paper Reports Mixed Q4 Results: Profit Dips, Revenue Rises, Declares Dividend
Andhra Paper Ltd. reported mixed Q4 FY23 results. Net profit declined 79.43% YoY to ₹79 million, while revenue grew 13.89% to ₹4.10 billion. EBITDA fell to ₹203 million with a margin of 4.98%. Despite profit decline, the company declared a dividend of ₹1 per equity share.
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1,494.50
(+0.56%)
369.50
(+2.57%)
236.00
(-4.82%)
496.25
(+2.62%)
271.20
(+1.16%)
67.76
(+1.79%)
10.22
(+1.69%)
157.61
(+4.75%)
479.15
(-0.16%)
84.75
(-0.02%)
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