Andhra Paper Ltd

Rajahmundry plant outage

• Annual outage planned at Rajahmundry facility from 17 Aug to 28 Aug 2026.
• Maintenance includes overhauling paper machines, boilers, digesters, and a 34 MW turbine.
• Annual outage costs are fully provided for in FY 2026-27 operating plan.
• Finished goods stock is sufficient to fulfil supply commitments during outage.
• Outage is planned to maintain reliability and efficiency of operations.

MD Re-appointment

• Re-appointment of Mr. Saurabh Bangur as Managing Director.
• Effective from 01 October 2026 for five years.
• Current term expires 30 September 2026.
• Shareholders approved the re-appointment at the 62nd AGM on August 11, 2026.
• Mr. Bangur is a commerce graduate with diverse cross-functional experience.
• He led modernization and Tissue Machine Project initiatives at the company.
• Not debarred from holding office by SEBI or other authorities.
• Related to Shree Kumar Bangur (father) and Virendraa Bangur (brother).
• No material changes to board/committee composition disclosed.

AGM Details

• AGM held on 11 August 2026, 11:30 AM to 1:19 PM, via VC/OAVM with Insta Poll voting.
• Record date for voting disclosed.
• Mode: VC/OAVM with Insta Poll.

Key Resolutions

• Resolution 1: Adopt financial statements; ordinary; passed.
• Resolution 2: Declare final dividend; ordinary; passed.
• Resolution 3: Director by rotation; ordinary; passed.
• Resolution 4: Re-appoint Managing Director; special; passed.
• Resolution 5: Ratify remuneration of Cost Auditors; ordinary; passed.

Voting Results

• Resolution 1 passed with overwhelming support.
• Resolution 2 passed; dividend declared.
• Resolution 3 passed; director re-appointment by rotation.
• Resolution 4 passed; MD re-appointment.
• Resolution 5 passed; cost auditor remuneration ratified.

Dividend

• Final dividend of Rs 0.50 per equity share approved.

Director Changes

• Director re-appointment by rotation: Saurabh Bangur approved.
• Managing Director: Saurabh Bangur re-appointed.

Auditor Appointments

• Cost Auditors' remuneration ratified.

Material Related Party Transactions

• No material related party transactions approved.

AGM details

• 62nd AGM held on 11 August 2026 at 11:30 AM IST via VC/OAVM.
• Meeting concluded at 1:04 PM IST; e-voting open 15 minutes post-meeting.

Resolutions

• Adoption of audited financial statements and reports (Ordinary).
• Final dividend of Rs 0.50 per equity share (Ordinary).
• Appointment by rotation of Saurabh Bangur for reappointment (Ordinary).
• Re-appointment of Saurabh Bangur as Managing Director (Special).
• Ratification of cost auditor remuneration (Ordinary).

Directors

• Reappointment of Saurabh Bangur as Director (retiring by rotation).
• Reappointment of Saurabh Bangur as Managing Director.

Auditors & management

• Statutory Auditor MSKA & Associates LLP; Secretarial Auditor D Hanumanta Raju & Co.; no changes announced.

Voting results

• Consolidated voting results to be disseminated within two working days.

AGM Details

• AGM date/time: Aug 11, 2026 at 11:30 AM, via VC/OAVM.
• Mode: VC/OAVM; record date: Aug 04, 2026.
• E-voting window: Aug 8–10, 2026.
• Dividend entitlement record date: Aug 04, 2026.

Ordinary Business

• Adopt FY2025-26 audited financial statements and reports.
• Declare final dividend of ₹0.50 per equity share.
• Re-appoint director retiring by rotation: Saurabh Bangur.
• Ratify remuneration of Cost Auditors for FY2026-27: ₹4.50 Lakhs.

Special Business

• Re-appoint Saurabh Bangur as Managing Director for five years (Oct 1, 2026– Sep 30, 2031).
• Remuneration terms per annexure; board authorized to vary terms.
• Consent for payment of remuneration exceeding prescribed limits in any year.

AGM Details

• Date and time: August 11, 2026 at 11:30 AM.
• Mode: VC/OAVM.
• Record date for entitlement: August 4, 2026.
• Remote e-voting window: 9:00 AM to 5:00 PM IST, Aug 8–10, 2026.
• Voting results announced within two working days after the AGM.

Ordinary Business

• Adopt Audited Financial Statements and Reports.
• Declare final dividend of ₹0.50 per share.
• Appoint Saurabh Bangur by rotation; eligible for re-appointment.

Special Business

• Re-appoint Saurabh Bangur as Managing Director for five years (Oct 1, 2026–Sept 30, 2031).
• Remuneration and terms as set in the annexure; Board authority to vary.
• Consent for payment beyond regulatory limits during tenure.
• Minimum remuneration where profits are insufficient; subject to law.

Cost Auditor Remuneration

• Remuneration of ₹4.50 Lakhs plus taxes for Cost Auditors for FY2027.

Overview

• Standalone BRSR for FY2025-26; Andhra Paper is an integrated paper and pulp manufacturer.
• Main activity: manufacture of paper, paperboard and pulp; 100% turnover from these activities.
• 2 plants, 7 offices; 9 locations in total.
• Exports constitute 0.59% of turnover to 9 countries.
• Reporting boundary is standalone; assurance not applicable.

Key ESG Risks & Opportunities

• GHG emissions pose risk and opportunity; mitigated by biofuel substitution and clean energy use.
• Self-power from biofuels at 97.98%; grid at 2.2%; 74.50% biofuel share.
• CO2 from rotary lime kiln repurposed to PCC; farm forestry sequesters carbon.
• Water risk mitigated by reuse of 15,406 KL/day; reduced specific water use to 43 m3/ton.
• Supply chain risk; 12,000 ha farm forestry planned; 6,000 farmers; R&D on high-yield clones.

Governance & Policy Highlights

• ESG oversight led by Executive Director Mr. Mukesh Jain; board sustainability oversight in place.
• External policy assessment by Dhir & Dhir Associates in FY2024.
• Key policies include Code of Conduct, Whistleblower, POSH, and Supplier Code of Conduct; board-approved.
• Penalties: NSE ₹2,000 and BSE ₹2,000 for delay in shareholder approval; no settlement.
• Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, FSC Controlled Wood, BIS.
• Life Cycle Assessment not conducted in FY2025-26; evaluation planned for the near term.

Social Responsibility & Workforce

• Total employees 844; total workers 5,522; gender distribution skewed toward males.
• Board female representation: 1 of 8 directors (12.5%); no female KMPs.
• LTIFR: 0.76 (employees) and 0.35 (workers); total injuries 1 employee, 3 workers; no fatalities.
• PF/ESI coverage at 100%; gratuity and retirement benefits provided.
• Parental return-to-work rate: 100% for both permanent employees and workers.
• Extensive CSR across education, health and water; most beneficiaries from vulnerable groups.

Environmental Performance

• Total energy 22,56,118.62 GJ; renewables 6,39,452.61 GJ; non-renewables 16,16,666.01 GJ.
• Recovery boiler runs on 100% biofuel; self-powered 74.50%; grid 2.2%.
• GHG emissions: Scope 1 8,88,912.47 tCO2e; Scope 2 33,588 tCO2e.
• Water withdrawal 1,29,07,960 KL; consumption 53,18,062 KL; discharge 1,00,76,278 KL.
• Waste: total 2,11,938.35 MT; recycled 1,60,571.28 MT; hazardous waste 57,203.25 MT.
• EPR plastics: 1,179 MT collected; target 1,370 MT; 195 MT short; 2025-26 target 1,268 MT.
• ZLD achieved for black liquor; 72-75% power from BL; remaining treated in ETP.
• Certifications: ISO suite, FSC, BIS; LCA not conducted FY2025-26; PAT program ongoing.

Stakeholder Engagement & Complaints

• Stakeholders: Farmers, distributors, shareholders, employees, local communities, government, industry bodies.
• Engagement channels: community meetings, emails, website; farmers: frequent; shareholders: quarterly.
• Consumer complaints: 38 filed in FY2025-26; 0 data privacy or POSH complaints; 57 filed in FY2024-25 (7 pending).
• Grievance mechanisms: CSR team, investor SCORES, grievance email; dedicated HR/IR committees for HR issues.
• CSR mechanisms address vulnerable groups; revenue and CSR feedback loop with CSR Committee and Board.

Other Notable Metrics

• Sourcing: 100% inputs sustainably sourced; 74% direct MSMEs; 96% inputs from India.
• Value chain: 271 trading houses; 48 dealers; top 10 trading houses ~51.5% purchases; top 10 dealers ~46.1% sales.
• Workforce associations: 100% of workers in unions; 0% KMPs in unions.
• Cyber security: Information Security Policy; consumer data protection embedded in contracts.
• Product recalls: none; data breaches: none; annual dealer meet for feedback and education.

Filing scope & status

• FY2025-26 BRSR submitted for Andhra Paper Limited; standalone basis; assurance not applicable.
• Accessible on company website; filed per SEBI LODR 34(2)(f).

Environmental performance

• Total GHG: Scope 1 888,912 t CO2e; Scope 2 33,588 t CO2e; intensity 0.000054 per turnover.
• Power mix: self-generated 97.98%, grid 2.2%; biofuels provide 74.50% of power; PCC from CO2.

Water & waste

• Water withdrawal 12,907,960 KL; consumption 53,18,062 KL; discharge 100,76,278 KL.
• Black liquor ZLD; recovery boiler 100% biofuel; 72-75% power from biofuels; CO2 reused as PCC.

Social & governance

• Board: 8 directors; 12.5% female; KMPs: 2 with 0 female.
• LTIFR: employees 0.76; workers 0.35; 4 total injuries; no fatalities; LIFE program; ISO 45001.

Consumer & data privacy

• Customer complaints: 38 filed FY25-26; 0 pending; resolved.
• Cyber security: Information Security Policy; data privacy obligations in contracts; no data breaches FY25-26.