ANDHRAPAPNSEANDHRA PAPER LIMITEDMediumNeutral
Announced Thu, 8 May · 18:48 IST

ANDHRA PAPER LIMITED has informed the Exchange regarding Appointment of Mrs as Non- Executive Independent Director of the company w.e.f. September 01, 2025.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Andhra Paper Limited's board, at its May 8, 2025 meeting, approved the re-appointment of Mrs. Papia Sengupta (DIN: 07701564) as an Independent Director for a second term of three years, from September 1, 2025 to August 31, 2028. Mrs. Sengupta is a CFA and CAIIB holder with experience in corporate finance, banking, treasury, risk management, and audit. She is not related to any existing director. The board also appointed M/s. D. Hanumanta Raju & Co., a peer-reviewed firm of company secretaries, as Secretarial Auditors for five consecutive years covering FY 2025-26 to FY 2029-30. Both appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Likely market impact

These are routine governance-related appointments and are unlikely to materially affect the stock price. The continuation of an experienced independent director and a long-tenure secretarial auditor suggest board and audit continuity, which is generally viewed positively by shareholders.