ANDHRA PAPER LIMITED has informed the Exchange regarding Board meeting held on August 05, 2025.
ANDHRAPAP · price
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Awaiting price reaction for this filing.
Andhra Paper's board approved unaudited Q1 FY26 results showing revenue from operations of Rs. 393.42 crores, up about 24.5% from Rs. 315.89 crores in Q1 FY25. Net profit surged to Rs. 21.31 crores from Rs. 7.85 crores year-on-year, a jump of roughly 171%. The statutory auditor MSKA & Associates issued an unmodified limited review report. The board also approved the appointment of two new Independent Directors (Ramesh Kumar Aggarwal and Deepak Jalan) effective October 29, 2025, subject to shareholder approval via postal ballot. Additionally, Rs. 178 crores of capital expenditure was cleared for upgrading Paper Machine-3 at the Rajahmundry plant, expected to add 60 tonnes per day of incremental capacity within 13 months. The board also noted a fine paid under protest to NSE and BSE for non-compliance with SEBI LODR Regulation 17(1A), with an appeal pending at SAT.
Strong Q1 performance with sharp profit growth signals improving operating leverage, though the headline numbers should be weighed against the disclosed post-quarter illegal workers strike (July 6-12) at the Rajahmundry plant. The Rs. 178 crore capex is a meaningful commitment and could pressure near-term returns, while the regulatory fine is small but worth monitoring.