Andhra Paper Limited announced that the Board of Directors at its Meeting held on May 8, 2023 has recommended a final dividend of INR 12.50 on the equity share of INR 10 per each, fully paid-up, (representing 125% of the paid-up value), for the financial year 2022-23. The dividend, if approved by the Members at the ensuing 59th Annual General Meeting of the Company, will be. paid within 30 days from the date of declaration, as provided under the Companies Act, 2013.