What’s new

• Workers have not returned after the lockout at Kadiam was revoked on May 29.
• Daily production loss is now 205 MT, translating to ₹1.4 cr in lost revenue each day.
• The company has declared the cumulative impact material under SEBI rules.

Why it matters

Andhra Paper is a micro-cap with a market cap of ₹1,239 cr. A total production stoppage is a severe threat to near-term revenue and earnings. The quantified daily loss is also more than double the initial strike estimate of 70 MT/day.

What we’re watching

• Whether the phased resumption management expects actually materialises.
• The timeline for resolving the dispute with workers and local authorities.
• Any revised financial guidance from Andhra Paper as the shutdown drags on.

The full read

Andhra Paper's Kadiam unit is still shut. The lockout was lifted on May 29, but workmen haven't come back. The company now puts the daily loss at 205 MT of production, or about ₹1.4 crore in revenue. That's more than double the 70 MT/day hit from the initial contract-labour strike in late April. For a company with a market cap of ₹1,239 cr, this is no longer a minor operational hiccup. Andhra Paper has declared the cumulative impact material under SEBI rules, signalling the scale of the damage to near-term earnings. Management says it is negotiating a phased restart. The timeline is vague. The longer the silence from the workers, the bigger the hole in the next quarter.

Primary source: BSE · NSE