ANDHRA PAPER LIMITED has informed the Exchange regarding Cessation of Mr Sitaram Sharma as Non- Executive Independent Director of the company w.e.f. closing hours of March 31, 2025.
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Andhra Paper Limited has informed the exchange that Mr. Sitaram Sharma has ceased to be a Non-Executive Independent Director of the company, effective from the close of business hours on March 31, 2025. No reasons for the cessation have been disclosed in this filing. The company has not yet announced a replacement for the vacant independent director seat on its board. This is a single director-level change and does not involve any executive or financial leadership roles.
This is a routine board-level change with limited impact on shareholders, as it affects only one independent director position. Investors should watch for any subsequent announcement regarding a replacement appointment to ensure board composition remains compliant with listing requirements.