ANDHRA PAPER LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 07, 2025
ANDHRAPAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Andhra Paper Limited held its 61st AGM on August 7, 2025 via video conferencing from 2:30 PM to 3:58 PM, chaired by Mr. Shree Kumar Bangur, with all directors and key executives in attendance. Six resolutions were transacted, including adoption of audited financial statements for FY ending March 31, 2025, declaration of a final dividend of Rs. 1 per equity share (face value Rs. 2), reappointment of Mr. Virendraa Bangur as director retiring by rotation, and reappointment of Mrs. Papia Sengupta as Independent Director. The statutory auditor's report had no qualifications, but the secretarial audit report flagged a fine imposed by NSE under Regulation 17(1A), which the company is contesting at the Securities Appellate Tribunal. Shareholders raised queries on future outlook, paper demand, capex benefits, expansion plans, ESG ratings, and export sales, addressed by the Chairman and Managing Director. E-voting results will be shared within two working days.
Positive for shareholders due to the declared dividend of Rs. 1 per share and clean statutory audit. Minor regulatory overhang remains as the NSE fine under Regulation 17(1A) is being contested, but this appears to be a procedural disclosure rather than a material financial issue.