We hereby attached clarification letter on estimated production loss of per day in Lockout period.
ANDHRAPAP · price
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Andhra Paper Limited has issued a clarification regarding a lockout at its Kadiam Unit in East Godavari, Andhra Pradesh. The company faced an illegal strike by contract workmen, leading to a lockout effective from 10:00 PM on May 1, 2026. The filing corrects an earlier estimate of 70 MT daily production loss to 220 MT per day, representing the full daily production capacity now affected. The lockout was declared to safeguard employees, plant and machinery, and assets. No physical damage to assets was reported, and insurable assets are stated to be adequately covered. The revised production loss figures have been submitted under SEBI Regulation 30.
The lockout significantly impacts daily production output, with the entire 220 MT daily capacity now suspended until operations resume. This will negatively affect revenue and profitability for the affected period, though no asset damage or insurance claims are involved.