Andhra Paper Limited informed that, operations of the Manufacturing plant situated at Unit: Rajahmundry has been disrupted due to illegal strike of the workers called by the Workers Trade Unions w.e.f. April 2, 2024. The Company Management is in discussion with the concerned Trade Unions to resolve the issue amicably as soon as possible and shall provide update on further developments in due course. Estimate impact on operations/production; Loss of production per day of strike is approximately INR 16.2 million.

Reasons for Strike: Illegal Strike demanding higher revision in wages in forthcoming wage settlement with the Management.