ANDHRA PAPER LIMITED — Updates, 03-01-2025: Strikes/Lockouts/Disturbances

Andhra Paper Limited has announced a board meeting to discuss the ongoing strike at its Rajahmundry manufacturing plant, which began on January 3, 2025. The strike, initiated by the Workers Trade Unions, stems from demands for a higher wage revision. This disruption is expected to impact production by approximately 510 MT per day, though all assets are insured. The management is currently in discussions with the trade unions to reach an amicable resolution. Investors may view this situation as a potential risk affecting production capacity and financial performance in the near term.