The Board re-appointed Mr. Saurabh Bangur as Managing Director of the Company for period of 5 year effective 01.10.2026 subject to approval of shareholders of the Company.
ANDHRAPAP · price
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Andhra Paper Ltd's Board of Directors has approved the re-appointment of Mr. Saurabh Bangur as Managing Director for a 5-year term from October 1, 2026 to September 30, 2031. The re-appointment is subject to shareholder approval in the ensuing general meeting. Bangur, a Commerce graduate, has been steering the company through significant operational transformation since his elevation as Managing Director. He is currently leading the Tissue Machine Project, a flagship initiative to diversify the company's product portfolio. Mr. Saurabh Bangur is related to Mr. Shree Kumar Bangur (Father) and Mr. Virendraa Bangur (Brother) on the board.
This is a routine leadership continuity announcement. The re-appointment of the existing Managing Director from the promoter family maintains status quo and is positive for operational stability, though it requires shareholder approval.