August 28, 2022

BSE Limited

National Stock Exchange of India Ltd.

14th Floor, P.J. Towers,

"Exchange Plaza",

Dalal Street,

Bandra-Kurla Complex,

Mumbai - 400 001

Bandra (E),

Mumbai - 400 051

(BSE Scrip Code No.502330)

(Symbol-ANDHRAPAP;Series-EQ)

Dear Sirs,

Sub: Clarification on Disclosure under Regulation 30 (4) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 dated August 26, 2022 - Approval of Capital Expenditure

In continuation to the announcement dated August 26, 2022 in relation to the approval of capital expenditure by Board, we further submit as follows:

Out of the total capex of ₹ 400 crores, an estimated amount of ₹ 113 crores shall be towards equipment reliability & sustainability of the current levels of production. The balance amount of ₹ 287 Crores shall be towards upgradation of Pulp Mill as under:

Designed Capacity

Average Capacity Utilization

(TPD)

(TPD)

Existing

550

530

Proposed

630

600

You are requested to kindly take the above information in your records and disseminate the same to the public for their information.

ANDHRA PAPER LIMITED

(Corporate Identity Number: L21010AP1964PLC001008)

Regd. Office: Rajamahendravaram - 533 105, East Godavari District, Andhra Pradesh, India.

Tel: +91-883-2471831 to 1835; Website: www.andhrapaper.com

An ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and

FSC® Certified Company (FSC® - C084811, FSC® - C119477 & FSC® - C112308)

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Andhra Paper Ltd. published this content on 28 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 20:43:46 UTC.