ANDHRA PAPER LIMITED (ANDHRAPAP) — Announcement

· NSE Neutral
📢 Key Event
Andhra Paper revises Kadiam unit lockout production loss to 220 MT/day
🔄 What Changed
Production loss estimate updated from 70 MT to 220 MT per day
💡 Investor Takeaway
Shareholders should note the lockout now fully disrupts Kadiam unit output, increasing operational impact.
⚠️ Risks
Lockout declared to safeguard employees, plant, and machinery

Andhra Paper clarified that a May 2 lockout at its Kadiam unit now affects full daily production, revising the estimated output loss from 70 MT to 220 MT per day. The error in the earlier announcement is regretted, and revised details have been submitted to stock exchanges under SEBI regulations. The company confirmed the lockout is in place to protect employees, plant, and machinery, with no insurance coverage for the loss. The clarification will be posted on its website.

📄 View Original Announcement (PDF)

About ANDHRA PAPER LIMITED (ANDHRAPAP)

Forest Materials · Paper Forest & Jute Products · Listed on NSE

Market Cap: ₹1,295.51 Cr P/E: 69.6

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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