Astron Paper & Board Mill Ltd

Astron Paper & Board Mill Limited has announced the adjournment of its 4th Committee of Creditors (CoC) meeting. The meeting was originally scheduled for September 2, 2026, but has been rescheduled to September 8, 2026, following a request from CoC members. This adjournment is in accordance with SEBI (LODR) Regulations, 2015.

Astron Paper & Board Mill Ltd announced the outcome of its third Committee of Creditors (CoC) meeting held on August 5, 2026. The e-voting concluded on August 26, 2026. Key resolutions approved include filing an application with the NCLT against an Operational Creditor for non-compliance, approving the fresh publication of Form-G in newspapers, ratifying the qualitative and quantitative parameters for the Evaluation Matrix, and appointing VCAN & Co. as the Transaction Auditor for a fee of ₹2,50,000 + GST + OPE. The company is currently under Corporate Insolvency Resolution Process (CIRP).

Astron Paper & Board Mill Ltd has issued an invitation for Expression of Interest (EoI) as part of its Corporate Insolvency Resolution Process (CIRP). The invitation was made on July 9, 2026, with the last date for submission of EoIs being July 25, 2026. Further details regarding the process, eligibility criteria, and timelines for submission of resolution plans are available. The company's installed capacity is 500 Tons per day of Recycled Kraft Paper, with significant sales figures for FY 2024-25 and FY 2025-26.

Astron Paper & Board Mill Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP) is managing the company's affairs and ensuring compliance with SEBI LODR Regulations. Trading window will be closed and will re-open 48 hours after results are public.

Astron Paper & Board Mill Ltd has announced the commencement of the Corporate Insolvency Resolution Process (CIRP) against the company, following an order by the NCLT, Ahmedabad. The CIRP was initiated based on an application filed by M/s. Empire Sony PTY Limited, an Australia-based operational creditor, regarding an alleged debt of ₹1,77,99,024.64. Mr. Atul Jashwantrai Sheth has been appointed as the Interim Resolution Professional (IRP). A moratorium has been declared, suspending the powers of the Board of Directors.

Astron Paper & Board Mill Ltd. has announced the commencement of the Corporate Insolvency Resolution Process (CIRP) following an order by the National Company Law Tribunal (NCLT), Ahmedabad. The order, dated 11th May 2026, was in response to an application filed by M/s. Empire Sony PTY Limited regarding an alleged operational debt of ₹1,77,99,024.64. A moratorium has been declared, and the powers of the Board of Directors are suspended, with Mr. Atul Jashwantrai Sheth appointed as the Interim Resolution Professional (IRP) to manage the company's affairs.

Mr. Sudhir Maheshwari, an Independent Director of Astron Paper & Board Mill Ltd., has tendered his resignation, due to his preoccupation with other assignments, effective from 25th March 2026. He will also cease to be the Chairman of the Audit Committee of the Company. The resignation was received on 30th March 2026. Mr. Maheshwari confirmed that there are no other material reasons for his resignation.

Astron Paper & Board Mill Ltd has announced the closure of the trading window for all Directors, Promoter-Promoter Group, Designated Persons, and their immediate relatives. The closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by SEBI (Prohibition of Insider Trading) Regulations, 2018, and the company's policy on Prohibition of Insider Trading. The trading window will remain closed from 1st April, 2026 until 48 hours after the declaration of audited Financial Results for the 4th quarter ending on 31st March, 2026. The date of announcement of the audited Financial Results will be informed in due course.

Astron Paper & Board Mill Ltd has approved the unaudited financial results for the quarter ended on 31st December, 2025. The company reported a profit before tax of 448.82 lakhs and a net profit of 261,871 lakhs. The board also approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee. The company is undergoing insolvency proceedings and enforcement actions under the SARFAESI Act, 2002.

Astron Paper & Board Mill Ltd announced the outcome of its Board meeting and unaudited financial results for the third quarter ended on 31st December 2025. The Board approved the un-audited financial results, along with the Statement of Assets and Liabilities. The Statutory Auditors, M/s H K Shah & Co., have issued limited review reports with unmodified opinions. The Board also approved a proposal to seek shareholder approval by way of Postal Ballot for the ratification and confirmation of the appointment of Ms. Jankiben Patel as an Independent Director and the appointment of M/s H K Shah & Co., as Statutory Auditors for FY 2025-26. The Company is undergoing insolvency proceedings and enforcement actions, and the position of Company Secretary remains vacant.