Stock Report

Andhra Paper Ltd announces change in Whole-time Director

Posted On : 2021-11-09 12:45:53( TIMEZONE : IST )

Mr. Anish T. Mathew (DIN: 07995480) has resigned as Whole-time Director, including Directorship of Andhra Paper Ltd, effective close of business on November 9, 2021, due to personal reasons. His resignation was considered and accepted by the Board of Directors at their meeting held on November 8, 2021. Mr. Anish T. Mathew shall continue as Chief Financial Officer of the Company.

Further, the Board has appointed Mr. Mukesh Jain (DIN: 0009380039) as an additional Director and Whole-time Director of the Company, designated as Director - Commercial, for a term of three years effective November 10, 2021, subject to the approval of Shareholders and also designated him as Key Managerial Personnel.

Mr. Mukesh Jain has confirmed that he has not been debarred from holding the office of Director by virtue of any order passed by Securities and Exchange Board of India or any other such authority.

Mr. Mukesh Jain is a Chartered Accountant, having professional experience of 26 years with organizations of high repute.

Prior to joining APL, as President - Commercial, he was employed as Head - Finance, Accounts and Commercial, with lndo Phil Textile Mills (Aditya Birla Group). He has been associated with Aditya Birla Group for the last seven years.

His previous stints were with major Corporates viz., PT Elegant Textile Industries (Aditya Birla Group), Bajaj Corp Limited, Jaypee lnfratech Limited, Secure Meters Limited, Liberty Phosphate Limited, etc.

He has expertise in the functions of Global Strategic & Financial Planning, Budgeting and Costing Analysis, Accounts & Finance, Auditing, Taxation, Global Commercial Operations/MIS, Fund Management/System Development, IPO and Preferential Placement of Securities, Global Logistics and Supply Chain Management etc.

Shares of ANDHRA PAPER LIMITED was last trading in BSE at Rs. 240.85 as compared to the previous close of Rs. 233.90. The total number of shares traded during the day was 3893 in over 193 trades.

The stock hit an intraday high of Rs. 243.55 and intraday low of 235.10. The net turnover during the day was Rs. 942395.00.