Meeting Details

The 62nd Annual General Meeting will be held on Tuesday, August 11, 2026 at 11.30 AM through Video Conferencing / Other Audio Visual Means without physical presence of members.

Ordinary Business Agenda

1. To consider and adopt Audited Financial Statements of the Company for the financial year ended March 31, 2026 and the Reports of Board of Directors and Auditors thereon.

2. To declare a final dividend of ₹ 0.50 per equity share of face value of ₹ 2/- each for the financial year ended March 31, 2026.

3. To appoint a Director in place of Mr. Saurabh Bangur (DIN: 00236894) who retires by rotation and offers himself for re-appointment.

Special Business Agenda

4. Re-appointment of Mr. Saurabh Bangur (DIN: 00236894) as Managing Director of the Company for a further period of 05 years with effect from October 01, 2026 to September 30, 2031, liable to retire by rotation. This requires a Special Resolution.

Terms of Re-appointment:

  • Gross remuneration of ₹2,24,64,864 per annum comprising salary, allowances, perquisites and other benefits
  • Authority to Board to grant annual increments not exceeding 15% per annum of last drawn annual fixed remuneration
  • Commission at 2% of net profits computed under Section 198 of Companies Act, 2013
  • Mediclaim, life insurance and personal accident insurance as applicable to senior staff
  • Leave as per company rules
  • Club fees payable by company
  • No sitting fees for Board/Committee meetings
  • Contract terminable by either party with three months' notice

5. Ratification of remuneration of Cost Auditors - ₹ 4.50 Lakhs plus applicable taxes and reimbursement of out-of-pocket expenses to M/s. Narasimha Murthy & Co., Cost Accountants, Hyderabad (Firm Registration No. 000042) for conducting audit of cost records for FY ending March 31, 2027. This requires an Ordinary Resolution.

Dividend Details

  • Record date: Tuesday, August 04, 2026
  • Dividend payment within 30 days from date of declaration
  • Dividend will be taxable in hands of shareholders with TDS deduction at prescribed rates
  • Resident individual shareholders with PAN can submit Form No. 121 for non-deduction benefit
  • Non-resident shareholders can avail beneficial tax treaty rates by submitting required documents
  • Dividend payment only through electronic mode

E-Voting Procedures

  • Cut-off date for voting rights: August 04, 2026
  • Remote e-voting period: From 9:00 AM (IST) on Saturday, August 08, 2026 to 5:00 PM (IST) on Monday, August 10, 2026
  • KFin Technologies Limited facilitating e-voting process
  • Individual shareholders can vote through NSDL/CDSL depository systems
  • Physical shareholders and non-individual shareholders vote through KFintech system
  • Scrutinizer: M/s. D. Hanumanta Raju & Co. Company Secretaries

Director Information (Mr. Saurabh Bangur)

  • DIN: 00236894
  • Date of Birth: December 27, 1976 (Age 49 years)
  • Qualification: B.Com
  • Experience: Industrialist & Entrepreneur with expertise in operations, finance, human resource, marketing, sustainability, stakeholder engagement, change management, turnaround strategy
  • First appointment: June 01, 2020
  • Current remuneration: ₹2.06 Crores plus 1.5% commission on net profit
  • Shareholding: NIL
  • Directorships in other companies: 5 (listed in Annexure 2)

Additional Information

  • AGM documents available on company website: www.andhrapaper.com
  • Members can request hard copies of AGM notice and annual report
  • Facility available for at least 1,000 members to join VC/OAVM on first-come-first-served basis
  • Members holding 2% or more shares, promoters, institutional investors, directors, KMPs not restricted by first-come limit
  • Online Dispute Resolution Portal (ODRP) mechanism available for grievance resolution

#Tags: #AndhraPaper #AGM #Dividend #SEBIDisclosure #CorporateGovernance #Neutral