ANDHRA PAPER LIMITED has informed the Exchange regarding Appointment of Mr Mr. Ramesh Kumar Aggarwal as Non- Executive Independent Director of the company w.e.f. October 29, 2025.
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Andhra Paper Limited has informed the exchanges that its Board has approved the appointment of Mr. Ramesh Kumar Aggarwal (DIN: 00442059) and Mr. Deepak Jalan (DIN: 00758600) as Additional Directors in the capacity of Non-Executive Independent Directors, effective October 29, 2025, for a period of three consecutive years up to October 28, 2028, subject to shareholder approval via postal ballot. Mr. Aggarwal brings 38 years of experience in finance, accounts, and turnarounds, having served as CEO of TIL Limited and CFO of Essel Mining & Industries, and is a qualified Chartered Accountant and Company Secretary. Mr. Jalan is the Promoter and Managing Director of Linc Limited (a listed writing instruments company with over ₹500 crore turnover) and brings 38 years of experience in strategy, brand building, and corporate governance. Neither director is related to any existing director on the Andhra Paper board, and neither is debarred by SEBI from holding a directorship.
This is a routine board strengthening move with no material impact on shareholders or the stock price. The induction of two experienced independent directors (one with strong finance/turnaround expertise, the other a promoter of a listed manufacturing company) may enhance governance and strategic oversight, but is non-event from a valuation standpoint. Appointment is subject to shareholder approval through postal ballot.