Andhra Paper Limited announced the resignation of Mr. Mukesh Jain as Chief Financial Officer vide his letter dated January 6, 2023 and shall continue as Director-Commercial. His resignation from CFO position has been accepted by the Company. He shall be relieved as CFO upon close of business hours on February 1, 2023.

He shall continue to support and ensure smooth transition of responsibilities until a new CFO is appointed by the Company. Mr. Mukesh Jain has confirmed that there are no material reasons for his resignation.