Astron Paper & Board Mill Ltd (ASTRON) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Astron Paper & Board Mill Ltd on NSE and BSE, with an AI summary of each filing.
Letter intimating 6th CoC Meeting.
Others (Uncategorized) · 15 Oct 2026, 11:32 pm
Astron Paper Schedules 6th Committee of Creditors Meeting Under Ongoing CIRP Astron Paper and Board Mill Limited announced that the 6th meeting of its Committee of Creditors is scheduled for 19th Oct'26 at 3:00 PM. The company is currently operating under the Corporate Insolvency Resolution Process pursuant to the Insolvency and Bankruptcy Code, 2016. Management of company affairs, business, assets, and board powers remain vested with the Deemed Resolution Professional, Atul Sheth, following the National Company Law Tribunal Ahmedabad Bench order dated 11th May'26.
Outcome of 5th Coc Meeting
Others (Uncategorized) · 08 Oct 2026, 7:50 pm
Astron Paper CoC Rejects Resolution Professional Appointments in 5th Meeting Astron Paper & Board Mill Limited announced that the Committee of Creditors (CoC), in its 5th meeting concluded via e-voting on 7th Oct'26, rejected resolutions concerning the appointment of a Resolution Professional (RP). Specifically, the CoC voted against appointing Mr. Navin Khandelwal and Mr. Atul Sheth as the RP under the ongoing Corporate Insolvency Resolution Process (CIRP). Atul Sheth currently continues as the Deemed Resolution Professional.
Outcome of 4th CoC Meeting
Others (Uncategorized) · 22 Sept 2026, 11:07 pm
Astron Paper CoC Approves Legal Filings and CIRP Expenses Astron Paper & Board Mill Limited announced that the Committee of Creditors (CoC) concluded e-voting for its fourth meeting on 21st Sep'26, approving key resolutions by requisite majority. The CoC approved filing an interlocutory application before NCLT Ahmedabad under Sections 43 (preferential transactions) and 66 (fraudulent trading) of the IBC. Additionally, the CoC cleared incurred Corporate Insolvency Resolution Process (CIRP) expenses of Rs 23,10,852, alongside expenditures for data storage procurement and CDSL BENPOS data access.
Notice of 5th CoC Meeting
Others (Uncategorized) · 19 Sept 2026, 8:47 pm
Astron Paper to Convene Fifth Committee of Creditors Meeting Under CIRP Astron Paper and Board Mill Limited announced that the 5th meeting of its Committee of Creditors (CoC) is scheduled to be held on 18th Sep'26 at 3:00 PM. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Its business, operations, and assets remain under the management of Deemed Resolution Professional Atul Sheth pursuant to the NCLT Ahmedabad Bench order dated 11th May'26.
Clarification to notices regarding non- compliance.
Others (Uncategorized) · 18 Sept 2026, 12:57 am
Astron Paper RP Clarifies Listing Non-Compliance and Results Delay Astron Paper & Board Mill's Resolution Professional (RP) responded to exchange notices regarding Regulation 33 non-compliances, clarifying that XBRL discrepancies, delayed submissions, and missing audit qualification impact statements pertain to the pre-CIRP period under suspended management. The company commenced CIRP on 11th May'26 via NCLT Ahmedabad. Additionally, Q1 FY27 (quarter ended 30th Jun'26) results remain delayed due to non-availability of asset sale data and management non-cooperation, prompting the RP to file a Section 19(2) IBC application to obtain necessary records.
Intimation regarding initiation of Contempt Proceedings.
Others (Uncategorized) · 16 Sept 2026, 9:17 pm
Astron Paper Files Contempt Application Against Operational Creditor Astron Paper & Board Mill Limited, currently under Corporate Insolvency Resolution Process (CIRP) since 11th May'26, has filed an application on 10th Sep'26 before the NCLT Ahmedabad Bench seeking contempt proceedings against the Operational Creditor (OC). The action follows the OC's failure to deposit an advance payment of Rs. 2,00,000 within the stipulated two-week window mandated by NCLT's order dated 11th May'26. The Resolution Professional has moved the tribunal under Section 60(5)(c) of the IBC and Section 425 of the Companies Act.
Intimation regarding E Voting in 4th CoC.
Others (Uncategorized) · 16 Sept 2026, 9:14 pm
Astron Paper & Board Mill Commences CoC E-Voting Under CIRP Astron Paper & Board Mill Limited announced the commencement of e-voting for resolutions discussed during the 4th Committee of Creditors (CoC) meeting under its ongoing Corporate Insolvency Resolution Process (CIRP). The e-voting window opened on 11th Sep'26 at 5:00 PM and will conclude on 15th Sep'26 at 5:00 PM. The 4th CoC meeting, initially scheduled for 2nd Sep'26, was adjourned and held on 9th Sep'26. The company’s CIRP was previously initiated on 11th May'26 pursuant to NCLT orders under the IBC framework.
Intimation regarding delay in conducting AGM.
Others (Uncategorized) · 16 Sept 2026, 9:13 pm
Intimation regarding Section 19 (2) Application.
Others (Uncategorized) · 16 Sept 2026, 9:09 pm
Astron Paper RP Files Section 19(2) IBC Application Astron Paper & Board Mill Limited announced that its Resolution Professional filed an application under Section 19(2) of the Insolvency and Bankruptcy Code before NCLT Ahmedabad on 10th Jul'26. The application seeks appropriate directions against concerned personnel of the corporate debtor to provide requisite assistance and cooperation necessary for discharging the RP's duties and conducting the Corporate Insolvency Resolution Process (CIRP), which originally commenced on 11th May'26.
Adjournment of 4th CoC Meeting.
Others (Uncategorized) · 02 Sept 2026, 11:10 pm
Astron Paper Adjourns 4th Committee of Creditors Meeting to 8th Sep'26 Astron Paper & Board Mill (NSE: ASTRON), currently undergoing its Corporate Insolvency Resolution Process, announced the adjournment of its 4th Committee of Creditors (CoC) meeting. Initially scheduled for 2nd Sep'26, the meeting has been rescheduled to 8th Sep'26 based on requests from CoC members. This procedural deferral briefly delays the next steps in the ongoing insolvency resolution proceedings overseen by the designated Resolution Professional.
Invitation of Resolution Plan
Others (Uncategorized) · 01 Sept 2026, 10:12 pm
Astron Paper Under Insolvency, Invites Resolution Plans Astron Paper & Board Mill, currently under the Corporate Insolvency Resolution Process (CIRP), has invited Expressions of Interest (EOI) for its resolution plan. The last date to submit an EOI is 19 Sep'26. For FY26, the company reported sales of 280 tons of Kraft paper valued at Rs 72.47 lakhs. The deadline for resolution plan submissions is set for 16 Nov'26. The Resolution Professional, CA Atul J Sheth, is overseeing the process as mandated by the Insolvency and Bankruptcy Code, 2016.
Outcome of 3rd CoC Meeting alongwith E-Voting result.
Others (Uncategorized) · 29 Aug 2026, 11:17 pm
Astron Paper CoC Approves Key Resolutions in Insolvency Process Astron Paper and Board Mill's Committee of Creditors (CoC) approved several resolutions in its third meeting via e-voting concluded on 26 Aug'26. Key approvals include seeking NCLT directions against an Operational Creditor, approving the fresh publication of Form-G, and finalizing the evaluation matrix for resolution plans. The CoC also approved appointing VCAN & Co. as the Transaction Auditor for a fee of Rs. 2.50 lakh plus taxes to conduct a transaction audit for the company, which is currently undergoing Corporate Insolvency Resolution Process.
Invitation for expression of Interest was made on 09.07.2026.
Others (Uncategorized) · 28 Jul 2026, 10:54 pm
Astron Paper Invites Resolution Plans Under Insolvency Process Astron Paper & Board Mill Ltd., currently under CIRP, has invited Expression of Interest for resolution plans. The last date for submission is Jul 25, '26, with the final list of applicants to be issued by Aug 17, '26. The deadline for submitting resolution plans is Sep 17, '26. The company sold 29,800 tons of Kraft paper for ₹95.74 crores in FY25 and has an installed capacity of 500 tons per day of recycled Kraft paper. The invitation was formally made on Jul 09, '26.
Approval of the results for the financial year ended on 31.03.2026
Financial Result · 01 Jun 2026, 9:01 pm
Astron Paper Q4FY26 Results: Net Loss Widens Amid Auditor's Disclaimer of Opinion Astron Paper & Board Mill, currently under insolvency proceedings, reported a consolidated net loss of ₹611.12 Lac for Q4FY26, compared to a loss of ₹1,139.13 Lac YoY. FY26 net loss stood at ₹2,118.13 Lac. The auditor, H K Shah & Co., issued a "Disclaimer of Opinion" on both standalone and consolidated results for Q4 and FY26. Key concerns cited include the company's shutdown plants, eroded net worth, inability to verify liabilities and assets, and significant doubt over its status as a going concern.
Outcome of Meeting of the insolvency Resolution Professional - Approval of Audited Financial Results for the Quarter and Year ended 31 March, 2026
Outcome · 01 Jun 2026, 8:49 pm
Astron Paper FY26 Results Approved Under CIRP; Auditor Issues Disclaimer of Opinion The Insolvency Resolution Professional for Astron Paper approved its audited standalone financial results for the quarter and year ended 31st Mar'26. For FY26, the company reported revenue of ₹279.66 lac and a net loss of ₹1,945.30 lac, compared to revenue of ₹9,640.20 lac and a net loss of ₹5,124.45 lac in FY25. The statutory auditor issued a "Disclaimer of Opinion" on the financials, citing numerous material uncertainties, including the company's status as a going concern, plant shutdowns, and loan defaults totaling ₹87.61 crores.
Astron Paper & Board Mill Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Audited Standalone ....
Intimation · 30 May 2026, 5:30 am
Astron Paper Schedules Meeting for FY26 Audited Financial Results Astron Paper & Board Mill Ltd (ASTRON) has scheduled a meeting on 30th May'26 to consider and approve its audited standalone and consolidated financial results for the financial year ending 31st Mar'26. The company is currently under the Corporate Insolvency Resolution Process (CIRP). The trading window will remain closed until 48 hours after the results are made public. The meeting will be conducted by the Interim Resolution Professional (IRP), who is managing the company's affairs.
Intimation of Admission of Corporate Insolvency Resolution Process (CIRP) under section 9 (5) of Insolvency and Bankruptcy Code, 2016
Others (Uncategorized) · 15 May 2026, 9:37 pm
Astron Paper Admitted into Corporate Insolvency Resolution Process by NCLT The NCLT Ahmedabad Bench, in an order dated 11-May-26, admitted Astron Paper & Board Mill into the Corporate Insolvency Resolution Process (CIRP). This follows a petition by operational creditor Empire Sony PTY Limited over an alleged operational debt of Rs. 1.78 crore (USD 214,446.08). The NCLT has appointed Mr. Atul Jashwantrai Sheth as the Interim Resolution Professional (IRP). A moratorium is now in effect, suspending the Board of Directors, and the IRP will manage the company's affairs.
Intimation of admission of Corporate Insolvency Resolution process (CIRP) under section 9(5) of Insolvency and Bankruptcy Code, 2016
Others (Uncategorized) · 15 May 2026, 9:11 pm
Astron Paper & Board Mill Admitted into Corporate Insolvency The NCLT, Ahmedabad Bench, admitted Astron Paper & Board Mill into Corporate Insolvency Resolution Process (CIRP) on 11-May'26. The action was initiated by operational creditor Empire Sony PTY Limited over an alleged debt of Rs. 1.78 crore. Consequently, the company's Board of Directors has been suspended, and Mr. Atul Jashwantrai Sheth has been appointed as the Interim Resolution Professional (IRP). A moratorium has been imposed, prohibiting suits, asset transfers, and foreclosures against the company, effective immediately.
Resignation of Mr. Sudhir Maheshwari from the position of Independent Director and also cease to be a Chairman of Audit Committee w.e.f. 25.03.2026
Change in Management · 31 Mar 2026, 10:11 pm
Astron Paper Independent Director Sudhir Maheshwari Resigns Mr. Sudhir Maheshwari has resigned as an Independent Director of Astron Paper & Board Mill, effective 25 Mar'26. Consequently, he will also cease to be the Chairman of the company's Audit Committee. The resignation, tendered via a letter dated 25 Mar'26 and received by the company on 30 Mar'26, was attributed to preoccupation with other assignments. Mr. Maheshwari confirmed there are no other material reasons for his departure.
Voting results of the 1st EGM held on 19.03.2026 through video conferencing with Scrutinizer''s report.
Extra Ordinary General Meeting · 20 Mar 2026, 8:42 pm
Astron Paper Shareholders Approve All Resolutions at EGM At its first EGM on 19 Mar'26, Astron Paper & Board Mill shareholders approved all resolutions with the requisite majority. The total voting turnout was 36.85%. Key resolutions passed include the appointment of Statutory Auditors and the regularization of Ms. Jankiben Patel as an Independent Director. Both resolutions received over 99.99% votes in favour from participating shareholders, with promoters voting entirely in favour. The company confirmed all resolutions passed as per the scrutinizer's report.
Revised outcome of 1st EGM held on 19.03.2026
Extra Ordinary General Meeting · 19 Mar 2026, 11:13 pm
Astron Paper EGM Held for Auditor and Director Appointments Astron Paper & Board Mill held its 1st EGM on 19 Mar'26 via video conference to consider two key resolutions. The agenda included the appointment of Statutory Auditors to fill a casual vacancy, passed as an Ordinary Resolution, and the regularization of Ms. Jankiben Patel as an Independent Director, passed as a Special Resolution. All voting was conducted electronically, with the final results to be disclosed upon receipt of the Scrutinizer's report. The meeting was attended by 35 members through the VC/OAVM facility.
Outcome of 1st EGM held on 19.03.2026 to appoint Statutory Auditor to fill the casual vacancy and regularization of Ms. Janaki Patel as an Independent Director of the Company
Extra Ordinary General Meeting · 19 Mar 2026, 9:36 pm
Astron Paper & Board Mill EGM Approves Key Appointments Astron Paper & Board Mill held its 1st EGM on 19th Mar'26 to transact key business items. Shareholders considered two resolutions: the appointment of Statutory Auditors to fill a casual vacancy, passed via an Ordinary Resolution, and the regularization of Ms. Jankiben Patel as an Independent Director, approved through a Special Resolution. All voting was conducted electronically. The results, based on the Scrutinizer's Report, will be disclosed to the stock exchanges in due course. The meeting had 35 shareholders in attendance via video conference.
Notice of the Extra Ordinary General Meeting of the Company to be held on Thursday, 19th March, 2026 through at 2:00 PM VC/OAVM.
Extra Ordinary General Meeting · 23 Feb 2026, 9:45 pm
Astron Paper EGM on 19-Mar'26 to Approve Auditor and Director Appointments Astron Paper & Board Mill will hold an EGM on 19-Mar'26 to seek shareholder approval for two key resolutions. The first is to appoint M/s. H K Shah & Co. as statutory auditors, filling a casual vacancy from the resignation of M/s. SNDK & Associates LLP. The second is to regularize the appointment of Ms. Jankiben Patel as an Independent Director for a five-year term, effective from 23-Dec'25. The virtual EGM will also facilitate remote e-voting for shareholders.
Approval of unaudited financial results for the quarter ended on 31st December, 2025
Financial Result · 13 Feb 2026, 10:24 pm
Astron Paper Reports Q3FY26 Loss, Discloses Insolvency Proceedings Astron Paper & Board Mill reported Q3FY26 consolidated results for the quarter ended 31st Dec'25. Revenue was ₹1.45 Cr, up 5.5% YoY, with a net loss of ₹5.06 Cr versus a loss of ₹27.95 Cr in Q3FY25. The company disclosed it is undergoing Insolvency and Bankruptcy Code proceedings, with secured lenders taking symbolic possession of certain assets. Other key developments include board approval for postal ballots to appoint directors and auditors, and the vacancy of the Company Secretary position, leading to non-compliance.
Outcome of Board meeting and unaudited financial results for the third quarter ended on 31st December, 2025
Outcome · 13 Feb 2026, 10:19 pm
ASTRON PAPER & BOARD MILL LIMITED - Financial Result for the Quarter ended 31st Dec'25 (Consolidated, INR Lakhs) ■ Revenue: 145 (+5.6% YoY) ■ EBITDA: 81.4 (Loss to Profit YoY | Loss to Profit QoQ) ■ EBITDA Margin (%): 56.3 (Loss to Profit YoY) ■ PAT: -506 (+81.9% YoY | -6.3% QoQ) ■ EPS (INR): -1.09 (+81.9% YoY | -6.9% QoQ)