Andhra Petrochemicals shares jump 1.03% as Sri G S V Prasad appointed Chairman of the Board
Why did Andhra Petrochemicals Ltd shares jump today?
Andhra Petrochemicals Ltd shares saw a notable uptick in today's trading session, with the stock price rising by 1.03% to close at ₹39.4 as of Monday, 04:55 PM. The positive movement in the company's shares comes after the board officially appointed Sri Gottipati Sree Venkateswara Prasad (G S V Prasad) as the Chairman of the Board, effective from October 12, 2026. The appointment was made following the unfortunate passing of Dr. Pamidi Kotaiah, the former Chairman, who passed away on the night of July 23, 2026.
The appointment was made in accordance with Article 116 of the Memorandum & Articles of Association of the company, which grants M/s The Andhra Sugars Ltd. the right to nominate the Chairman of the Board of The Andhra Petrochemicals Ltd. Accordingly, The Andhra Sugars Ltd. nominated Sri G S V Prasad (DIN 08797795), who is already serving as a Non-Executive & Independent Director on the board of the company. The nomination was communicated via a letter dated October 8, 2026, and the board officially noted and approved the same on October 12, 2026. His appointment is for a period of three years.
Investors appear to have responded positively to this leadership transition, as the appointment of an experienced board member to the Chairman's position is seen as a move that brings continuity and stability to the company's governance. The market's confidence in the new leadership likely contributed to the 1.03% rise in the share price, signaling optimism about the company's future direction under Sri G S V Prasad's chairmanship.
What does Andhra Petrochemicals Ltd do?
The Andhra Petrochemicals Limited is a public limited company incorporated in 1984, with its registered office located in Venkatarayapuram (Tanuku) in the West Godavari District of Andhra Pradesh. The company operates under the CIN L23209AP1984PLC004635 and is listed on the Bombay Stock Exchange with the scrip code 500012. The company maintains multiple communication lines from its registered office and engages with investors and stock exchanges through dedicated corporate channels, including its website and e-mail correspondence.
The Andhra Petrochemicals Limited has a significant corporate relationship with The Andhra Sugars Ltd., which holds the right to nominate the Chairman of the Board of Directors as per Article 116 of the company's Memorandum and Articles of Association. This arrangement underscores the strong association between the two entities and reflects The Andhra Sugars Ltd.'s influential role in the governance and leadership of the petrochemicals company. Following the passing of Dr. Pamidi Kotaiah in July 2026, this nomination right was exercised with the appointment of Sri Gottipati Sree Venkateswara Prasad as Chairman.
Andhra Petrochemicals Ltd Financials
In CroresAndhra Petrochemicals Ltd reported a revenue of ₹79.32 Crores in March 2026, which declined to ₹14.09 Crores in June 2026. On the profitability front, the company posted a net profit of ₹1.38 Crores in March 2026 but swung to a loss of ₹3.25 Crores in June 2026. Both revenue and profitability saw a significant decline between the two periods, indicating a notable deterioration in the company's financial performance.
Andhra Petrochemicals Ltd Shareholding Pattern
Promoter holding stands at 45.04% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.9% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.02%. Public shareholders hold the remaining 54.02% stake in Andhra Petrochemicals Ltd.
Andhra Petrochemicals Ltd FAQs
Q: Why did Andhra shares jump 1.03% today?
Appointment of Sri G S V Prasad as Chairman of the Board. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Andhra Petrochemicals Ltd?
As per the latest data, promoters hold 45.04% stake in Andhra Petrochemicals Ltd, while FII holding stands at 0.9%. Domestic institutional investors hold 0.02%, and public shareholders account for 54.02% of the equity.
Q: What is the current stock price of Andhra Petrochemicals Ltd?
Andhra Petrochemicals Ltd shares are currently trading at ₹39.4, recording a gain of 1.03% from the previous close.
Q: What is the market capitalization of Andhra Petrochemicals Ltd?
The company currently has a market capitalization of ₹334.79 crore, reflecting its valuation in the Indian equity market.