Appointment of Sri K S S Aditya (DIN 11204067), Nominee Director of APIDC was appointed as Director in place of Sri Y S S Suresh (DIN 08589605) in the Casual Vacancy caused.
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Andhra Petrochemicals Limited reported a net loss of Rs. 8.42 crore in Q1 FY26 (quarter ended June 30, 2025), swinging from a profit of Rs. 15.91 crore in the same quarter last year. Revenue from operations rose about 9% to Rs. 141.46 crore (from Rs. 129.62 crore), but total expenses jumped roughly 36% to Rs. 157.73 crore due to lower product realisations, high raw material costs, and competition from imported substitute Iso Nonanol, pushing the company into a pre-tax loss of Rs. 9.30 crore. The board also appointed Sri K S S Aditya (DIN 11204067), a 46-year-old Commerce Graduate and Manager at APIDC, as Nominee Director replacing Sri Y S S Suresh whose resignation caused the casual vacancy. Board committees were reconstituted, effective from the AGM on September 20, 2025. The long-pending land lease dispute with Visakhapatnam Port Authority remains unresolved, with the matter still in court.
The sharp swing to a loss despite higher revenue highlights serious margin pressure from cheap imports and elevated input costs, which is a negative signal for shareholders. The director change is routine — the same institutional shareholder (APIDC) is simply replacing its nominee — and should not alter the company's governance direction.