ANDHRA PAPER LIMITED has informed the Exchange regarding 'Board Comments on fine levied by the Exchange'.

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

ANDHRAPAP · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹72.48

prior close

₹71.84

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.4% vs market

Paper & Paper Products peers, median of 37sector-0.7%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.3-0.1+0.4-0.7+1.0

Next day

+2.4+4.5-2.1+2.4+0.0

+2.4+6.2-3.8+2.8-0.4

+5.1+7.9-2.9+6.2-1.2

+7.6+9.0-1.4+6.8+0.8

+7.4+9.9-2.5+7.8-0.4

+5.9+10.0-4.1+7.8-1.9

15d

+6.4+13.1-6.7+11.1-4.8

+7.4+15.5-8.1+14.2-6.8

+15.0+16.8-1.8+18.1-3.1

+3.2+11.3-8.1+8.2-5.0

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Andhra Paper Limited has responded to a fine of ₹1,08,560 (including 18% GST) imposed by BSE and NSE for non-compliance with Regulation 17(1A) of SEBI Listing Regulations during the quarter ended December 2024. The non-compliance relates to the appointment or continuation of a non-executive director who is above 75 years of age, attracting a fine of ₹2,000 per day totaling ₹92,000 in basic fine. The Board, which met on May 8, 2025, has contested the penalty, stating that the company had sought shareholder approval within the prescribed timelines and obtained a legal opinion supporting its view that there was no actual breach. The company formally applied for a waiver of the fine on April 1, 2025, and is now urging the exchanges to withdraw the penalty.

Likely market impact

The financial impact is small at ₹1.08 lakh and should not materially affect shareholders. However, if this becomes the second consecutive quarter of non-compliance under related regulations, the company faces the risk of being shifted to the Z group and potential suspension of trading in its equity shares, which would be a negative signal for liquidity.