Andhra Paper Ltd Holds 62nd AGM, Approves Dividend, Reappoints MD
Andhra Paper Limited held its 62nd AGM on August 11, 2026. The meeting approved the adoption of financial statements for FY26 and declared a final dividend of ₹0.50 per equity share. Mr. Saurabh Bangur was reappointed as Managing Director.
The AGM proceedings are a routine corporate event. The dividend declared is a standard payout, and the re-appointment of the Managing Director is also a normal course of action. There are no new strategic announcements or significant financial performance indicators that would cause a substantial impact.
The announcement is a routine disclosure of the proceedings of the Annual General Meeting, which included standard business items like financial statement adoption and dividend declaration. While these are positive actions, they are expected and do not represent a significant deviation or surprise.
Andhra Paper Limited held its 62nd Annual General Meeting (AGM) on Tuesday, August 11, 2026, through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 11:30 A.M. (IST) and concluded at 01:04 P.M. (IST), with the e-voting module remaining open for 15 minutes post-conclusion.
During the AGM, shareholders voted on several key agenda items. These included the adoption of the audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and auditors. A final dividend of ₹0.50 per equity share of face value ₹2 each for the financial year ended March 31, 2026, was also proposed for declaration.
Furthermore, the appointment of a director in place of Mr. Saurabh Bangur, who retired by rotation and offered himself for reappointment, was considered. Special business included the re-appointment of Mr. Saurabh Bangur as Managing Director and the ratification of the remuneration of the Cost Auditors.
The Chairman, Mr. Shree Kumar Bangur, welcomed shareholders and addressed the company's performance highlights, capital expenditure plans for modernization, near-term challenges, and future outlook. Following this, the Company Secretary briefed the shareholders on the agenda items. Shareholders had the opportunity to ask questions, which were addressed by the Chairman and Managing Director. The consolidated voting results will be disseminated within two working days to the stock exchanges and published on the company's website.
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ANDHRA PAPER LIMITED filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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