Andhra Paper Re-appoints Saurabh Bangur as MD for 5 Years
Andhra Paper's Board approved the re-appointment of Mr. Saurabh Bangur as Managing Director for five years, effective October 1, 2026. This is subject to shareholder approval at the ensuing general meeting.
The re-appointment of a key management position like the Managing Director for a long term has a moderate impact on the company's strategic direction and operational continuity.
The re-appointment of the Managing Director for a significant term indicates stability and confidence in leadership, which is generally viewed positively by the market.
Andhra Paper Limited announced the outcome of its Board Meeting held on May 14, 2026, wherein the re-appointment of Mr. Saurabh Bangur as Managing Director was approved. The re-appointment is for a period of five years, effective from October 1, 2026, to September 30, 2031. This decision is subject to the approval of the company's shareholders in the upcoming general meeting.
The Board meeting commenced at 02:45 PM and concluded at 04:14 PM on May 14, 2026. Mr. Saurabh Bangur, a commerce graduate, brings extensive experience in operations, marketing, finance, human resources, sustainability, and change management. His leadership has been credited with steering the company through significant transformations, focusing on strategic growth and operational excellence. He has been instrumental in modernizing the company, including spearheading the Tissue Machine Project, aimed at product diversification and market positioning. His tenure has also seen the fostering of a high-performance work culture, emphasis on corporate governance, and maintaining industrial harmony.
Mr. Saurabh Bangur is related to Mr. Shree Kumar Bangur (Father) and Mr. Virendraa Bangur (Brother). He is unrelated to other Directors on the board. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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ANDHRA PAPER LIMITED filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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