Latest news about Andhra Paper
Andhra Paper
62.08
+1.71(+2.83%)
Company Performance:
View Company Insights1D+2.83%
1M-1.80%
6M-3.30%
1Y-20.23%
5Y+25.95%
More news about Andhra Paper
15May 26
Andhra Paper Q4 & FY26 Results: Revenue Rises, Annual Profit Declines; MD Re-Appointed
Andhra Paper's Q4 FY26 revenue from operations rose to ₹52,704.77 lakhs from ₹40,737.20 lakhs YoY, while full-year net profit declined sharply to ₹1,861.67 lakhs from ₹8,891.07 lakhs. The Board recommended a final dividend of Rs. 0.50 per share (25%) for FY 2025-26 and approved the re-appointment of Mr. Saurabh Bangur as Managing Director for five years from October 1, 2026, subject to shareholder approval. A lockout was announced at the Kadiyam plant on May 01, 2026 following an illegal strike by contract workmen.
15May 26
Andhra Paper Limited Re-appoints Saurabh Bangur as Managing Director for Five-Year Term
Andhra Paper Limited's Board of Directors, at its meeting on May 14, 2026, approved the re-appointment of Mr. Saurabh Bangur (DIN: 00236894) as Managing Director for a period of 05 years, effective October 1, 2026 to September 30, 2031, subject to shareholder approval. The Board acted on the recommendation of the Nomination and Remuneration Committee, as his current term concludes on September 30, 2026. Mr. Bangur, a Commerce graduate, has been credited with driving operational transformation, advancing capital expenditure initiatives, and spearheading the Tissue Machine Project during his tenure. He is related to Mr. Shree Kumar Bangur (Father) and Mr. Virendraa Bangur (Brother), and is unrelated to other Directors.
06May 26
Andhra Paper Revises Kadiam Unit Production Loss to 220 MT/Day After Lockout
Andhra Paper Limited issued a corrigendum on May 5, 2026, revising the estimated production loss at its Kadiam Unit from 70 MT to 220 MT per day following a full lockout effective May 1, 2026. The earlier figure reflected only partial disruption during the illegal contract workers' strike that began April 27, 2026. No physical damage or material financial impact has been reported, and the Rajahmundry Unit continues to operate normally.
05May 26
Andhra Paper Board Meeting Scheduled for May 14, 2026 to Approve Q4 FY26 Results and Consider Final Dividend
Andhra Paper has announced a Board of Directors meeting on May 14, 2026, to approve audited financial results for the quarter and year ended March 31, 2026. The Board will also consider recommending a final dividend, if any, for the financial year 2025-26. The intimation was made pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the trading window closure communicated on March 25, 2026.
02Apr 26
Andhra Paper Limited Submits SEBI Compliance Certificates for Quarter Ended March 31, 2026
Andhra Paper Limited has submitted mandatory certificates under SEBI Regulation 74(5) for the quarter ended March 31, 2026, through its registrar KFin Technologies Limited. The certificates were issued to NSDL and CDSL, confirming that details of securities dematerialized and rematerialized during the period have been furnished to all stock exchanges where the company's shares are listed, demonstrating regulatory compliance.
04Feb 26
Andhra Paper Q3FY26: Revenue Grows 8.55% but EBITDA Drops 46% to ₹154M
Andhra Paper Limited announced Q3FY26 financial results showing mixed performance with revenue growth of 8.55% to ₹41,868.62 lakhs but declining profitability. Net profit fell 15.45% to ₹984.89 lakhs while EBITDA dropped dramatically by 45.58% to ₹154M, compressing margins to 3.68%. The nine-month performance was more concerning with net profit declining 86.56% despite revenue growth, indicating significant operational challenges during the current financial year.
29Nov 25
Andhra Paper Limited Voluntarily Withdraws Credit Rating from CARE Ratings
Andhra Paper Limited has voluntarily withdrawn its credit rating for bank facilities from CARE Ratings Limited on November 28, 2025. The company obtained necessary no-objection certificates from its lenders before taking this action. Andhra Paper promptly informed the stock exchanges about this development, adhering to regulatory obligations and listing regulations.
07Nov 25
Andhra Paper Reports Net Loss of Rs 20.26 Crore in Q2 Due to Worker Strike and Plant Outage
Andhra Paper Limited reported a net loss of Rs 20.26 crore for Q2 FY2025-26, compared to a net profit of Rs 21.31 crore in the same quarter last year. Revenue from operations decreased by 7.97% to Rs 362.08 crore. The company's performance was impacted by a workers' strike at the Rajahmundry facility from July 6-12, followed by a temporary lockout on July 13, and a planned 14-day annual maintenance outage from July 13-26. Despite Q2 challenges, Andhra Paper posted a net profit of Rs 43.16 crore on revenue of Rs 755.50 crore for the half-year period.
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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