Outcome of the Board meeting_results_attached herewith.

October 30, 2026 BSE Limited, National Stock Exchange of India Ltd. 14th Floor, "Exchange Plaza", P.J.Towers, Dalal Street, Bandra-Kurla Complex, MUMBAI :: 400 001 Bandra {E}, MUMBAI :: 400 051 {BSE Scrip Code No.502330} {Symbol - ANDHRAPAP Series - EQ) Dear Sir/ Madam, Sub: Outcome of Board Meeting and Financial Results for the quarter and half year ended September 30, 2026. Ref: Regulation 30 and 33 of the SEBI {LODR) Regulations, 2015 In continuation to our letter dated 19/10/2026, we wish to inform you that, the Board of Directors in its meeting held today i.e. Friday, October 30, 2026 has inter-alia: a. Approved the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2026. b. Taken on record the Limited Review Report on Un-audited Financial Results for the quarter and half year ended September 30, 2026 issued by M/s. MSKA & Associates LLP, statutory auditors of the Company. The Meeting of Board of Directors of the Company commenced at 02.30 P.M. and concluded at 03; 3,S- P.M. Please acknowledge the receipt. Thanking you, Yours faithfully, Foc i iR LIMIT BIJAY KUMAR SANKU COMPANY SECRETARY Encl: As above ANDHRA PAPER LIMITED (Corporate Identity Number: L21010AP1964PLC001008) Regd. Office: Rajamahendravaram - 533 105, East Godavari District, India. Tel: +91-883-2471831 Corp. Office: 31, Chowringhee Road, Park Street, Kolkata - 700 016, India. Tel: +91-33-71500500 Website: www.andhrapaper.com; Email: info@andhrapaper.com An ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 Certified Company MSKA & Associates LLP 1101 /B, Manjeera Trinity Corporate JNTU-Hitech City Road, Kukatpally (Formerly known as MS KA & Associates) Telangana, Hyderabad 500072, INDIA Chartered Accountants Independent Auditor's Review Report on unaudited financial results of Andhra Paper Limited for the quarter and year to date, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Andhra Paper Limited 1. We have reviewed the accompanying statement of unaudited financial results of Andhra Paper Limited (hereinafter referred to as "the Company") for the quarter ended September 30, 2026 and the year to-date results for the period from April 01, 2026 to September 30, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Regulations"). 2. This Statement, which is the responsibility of the Company's Management and has been approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder ("Ind AS 34") and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For M S K A & Associates LLP (Formerly known as MS KA & Associates) Chartered Accountants ICAI Firm Registration No. 105047W /W101187 Prakash Chandra Bhutada Partner Membership No.: 404621 UDIN: 26404621MEOAQR3173 Place: Hyderabad Date: October 30, 2026 Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India Tel: +91 22 6974 0200 I LLPIN: ACT-3789 Ahmedabad I Bengaluru I Chandigarh I Chennai I Coimbatore I Goa I Gurugram I Kochi I Kolkata I Mumbai I Pune www.mska.in Andhra Paper Limited Serving you with pride .. STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (l' in lakhs) Quarter ended Six Months ended Year ended SI. Particulars September 30, June 30, September 30, September 30, September 30, March 31, No 2026 2026 2025 2026 202S 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited} 1 Income a) Revenue from operations 42,606.88 39,377.13 36,207.93 81,984.01 75,549.99 1,70,123.38 b) Other income 982.12 2,165.49 1,018.11 3,147.61 3,740.73 8,359.31 Total income 43,589.00 41,542.62 37,226.04 85,131.62 79,290.72 1,78,482.69 2 Expenses a) Cost of materials consumed 25,947.61 24,486.15 24,522.27 50,433.76 52,104.72 1,09,860.49 b) Changes in inventories of finished goods and work-in-progress 1,160.23 (737.43) (233.46) 422.80 (3,855.82) 604.29 c) Employee benefits expense 4,806.67 4,353.81 4,356.56 9,160.48 8,660.90 18,100.13 d) Finance costs 533.82 290.00 420.39 823.82 996.08 1,822.05 e) Depreciation and amortisation expense 2,760.32 2,699.47 2,691.43 5,459.79 5,281.86 10,731.05 f) Other expenses -Power, fuel and water 2,819.41 2,690.29 2,908.11 5,509.70 6,222.71 12,666.38 -Other expenses 4,988.57 3,705.77 5,335.52 8,694.34 9,738.14 22,162.10 Total Expenses 43,016.63 37,488.06 40,000.82 80,504.69 79,148.59 1,75,946.49 3 Proflt/(loss) before tax (l-2) S72,37 4,054.56 (2,774.78) 4,626.93 142.13 2,536.20 4 Tax expense a) Current tax charge/(credit) (32.66) 628.07 (398.53) 595.41 - 811.46 b) Deferred tax charge/(credit) 178.09 394.92 (350.02) 573.01 37.82 (136.93) Total tax expense/{credlt} 145.43 1,022.99 (748.55) 1,168.42 37.82 674.53 5 Net profit/(loss) after tax (3-4) 426,94 3,031.57 (2,026.23) 3,458,51 104.31 1,861.67 6 Other comprehensive income/(loss) Items that will not be reclassified to profit or loss: (a) Remeasurement gain on the defined benefit plans - - - - 190.67 (b) Equity Instruments through other comprehensive income (798.72) 647.87 (295.04) (150.85) 471.33 {191.49) (c) Tax relating to the above items 114.21 (92.64) 42.19 21.57 (67.40) (20.61) Total other comprehensive income/(loss) (684.51) 555.23 (252.85) (129.28) 403.93 (21.43) 7 Total comprehensive income/(loss) (5+6) (257,57) 3,586.80 (2,279.08) 3,329.23 S08,24 1,840.24 8 Paid-up equity share capital (Face Value" 2/-each) 3,977.00 3,977.00 3,977.00 3,977.00 3,977.00 3,977.00 9 Reserves excluding revaluation reserve - - - 1,89,958.10 10 Earnings per share (of" 2/-each) (for the period not annualised) -Basic(") 0.21 1.52 (1.02) 1.74 0.05 0.94 -Diluted(") 0.21 1.52 (1.02) 1.74 0.05 0.94 See accompanying notes to the financial results IJPage ANDHRA PAPER LIMITED (Corporate Identity Number: L21010AP1964PLC001008) Regd. Office: Rajamahendravaram - 533 105, East Godavari District, India. Tel: +91-883-2471831 Corp. Office: 31, Chowringhee Road, Park Street, Kolkata - 700 016, India. Tel: +91-33-71500500 Website: www.andhrapaper.com: Email: info@andhrapaper. [Showing first 8,000 characters — download PDF for full document]