ANDHRA PAPER LIMITED has informed the Exchange regarding Re-appointment of Mr Saurabh Bangur as Managing Director of the company for a period of 5 years w.e.f. October 01, 2026.
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Andhra Paper's Board of Directors has approved the re-appointment of Mr. Saurabh Bangur as Managing Director for another 5-year term from October 1, 2026 to September 30, 2031. The current term expires on September 30, 2026. The re-appointment is subject to shareholder approval in the ensuing general meeting. Saurabh Bangur is a Commerce graduate with diverse experience in operations, marketing, finance, and strategy, and is currently leading the company's Tissue Machine Project for product portfolio diversification. He is related to Mr. Shree Kumar Bangur (Father) and Mr. Virendraa Bangur (Brother), both prominent directors in the company.
This is a positive development as it ensures continuity in leadership. The re-appointment of an experienced internal leader who has been driving the company's modernization and operational transformation should provide stability and confidence to shareholders. The shareholder meeting approval is a routine step in such appointments.