Andhra Paper withdraws bank facility credit ratings

Andhra Paper Limited confirmed on November 29, 2025, that it voluntarily requested CARE Ratings Limited to withdraw the credit ratings for its bank facilities. This decision followed the receipt of a no-objection certificate from the company's lenders.

The withdrawal adheres to CARE's policy on rating withdrawals, as detailed in their letter reference no: CARE/HRO/RL/2025-26/1504 dated November 28, 2025. This action is in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CARE Ratings Limited explicitly stated that the ratings should not be used for any purpose whatsoever going forward.

The announcement, signed by Bijay Kumar Sanku, company secretary, indicates that the company will rely on its internal assessments or seek new ratings if future requirements arise. Andhra Paper Limited operates with its registered office in Rajamahendravaram and a corporate office in Kolkata, India.