ANDHRA PAPER LIMITED — Updates, 06-01-2025: Strikes/Lockouts/Disturbances

Andhra Paper Limited has declared a lockout at its Rajahmundry manufacturing unit due to an ongoing workers' strike over wage demands, which has been deemed illegal. Operations have been disrupted since January 3, 2025, resulting in an estimated daily production loss of approximately 510 MT. While the company’s assets are insured, the management is concerned about safety amid the strike. This situation may lead to reduced output and could influence investor sentiment; however, the lockout aims to ensure employee and asset safety, potentially stabilizing operations in the longer term.