1:5 Stock Split, Rs 10/Share Dividend: Paper Stock Sets Sept 11 As Record Date

Small cap company engaged in the paper sector, Andhra Paper Ltd shares gained 1.31% in trade today and plunged over 6% in last 1-month. Current market price of Andhra Paper shares on BSE is Rs 530.40 per share. Today the company fixed September 11, 2024 as the record date for sub-division/stock split of shares in the proportion of 1:5. Andhra Paper has a market capitalisation of Rs 2109.40 crore.

Earlier this year, Andhra Paper recommended final dividend of Rs 10/- per share for the FY 2023-24 and shares traded ex-dividend on August 5, 2024. The record date for dividend was August 5, 2024 as well. Check details below:

Andhra Paper Sets Record Date For Stock Split: As per the BSE filing of Andhra Paper issued as on August 19, 2024, "In terms of Regulation 42(2) of the SEBI (LODR) Regulations, 2015, the Company has fixed Wednesday, 11th September, 2024 as 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division of every one fully paid-up equity share having face value of Rs. 10/- (Rupees Ten only) each in the share capital of the Company into five (5) fully paidup equity shares having face value of Rs. 2/- (Rupees Two only) each, pursuant to the shareholders' approval received at the 60th Annual General Meeting of the Company held on 12th August, 2024."

Andhra Paper Dividend: The exchange filing of Andhra Paper dated May 14, 2024, "recommended final dividend of Rs. 10/- per share (i.e. 100%) on equity share of Rs.10/- each fully paid up for the FY 2023-24, subject to the approval of members in the ensuing 60th Annual General Meeting of the Company."

Andhra Paper Share Performance: The 52-week high price of Andhra Paper share on BSE is Rs 675.00 per share (as on 11/10/2023) and 52-week low price is Rs 430.00 per share (as on 21/08/2023). Andhra Paper shares surged 21% in last 1-year, gained 19% in last 2-years, offered return of 127% in last 3-years, and rallied 20% in last 5-years.

Andhra Paper About: Andhra Paper Limited is one of the largest integrated paper and pulp manufacturers in India. Established in 1964, the company produces writing, printing and copier papers for foreign and domestic markets. Our production facilities at Rajahmundry and Kadiyam have a total production capacity of 240,000 TPA. The company employs around 2,500 employees, according to its official website.

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