BSECompany Update2d ago · 7 Nov 2026, 05:03 pm

Filing of 19(2) Application

Astron Paper & Board Mill Ltd · 540824

✦ AI Summary▼ NegativeInsolvency

Astron Paper & Board Mill Ltd has filed an application under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, due to non-cooperation from the suspended management, causing a delay in the Corporate Insolvency Resolution Process (CIRP).

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment2/10

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Astron Paper & Board Mill Ltd - 540824 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

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ASTRON PAPER & BOARD MILL LIMITED CA ATUL J SHETH - RP Process) (Under Corporate lnsolvency Resolution B-27, Saiyam Apartments, Near Nehru Nagar, Ambawadi, Ahmedabad - 380 015 Email:ast1-o.11gifp@Sm.a.i!","S-o-m;Atuls.helhip@.Cm*ail-c-am November 07,2026 The Secretary The Manager Listing Department Corporate Relationship Department National Stock Exchange of lndia Ltd. BSE Limited Exchange Plaza,Cf I, Block G Phi roze Jeejeebhoy Towers Bandra- Kurla Complex, Bandra (East) Dalal Street, Fort, Mumbai400 051 Mumbai400 001 BSE Scrip Code: 540824 NSE Symbol:ASTRON Dear Sir(s), Sub.: lntimation under Regulation 30 of the SEBI (Listins Obligations and Disclosure Requirements) Reeulations, 2015 - Filins of Application under Section 19(2) of the !nsolvencv and Bankruptcv Coie.2Q16 Pursuant to Regulation 30 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 201.5, read with the applicable provisions thereof, we hereby inform you that the Deemed Resolution Professional of Astron Paper & Board Mill Limited, in the course of the Corporate lnsolvency Resolution Process of the Company, has filed an application before the Hon'ble National Company Law Tribunal, Ahmedabad Bench under Section 19(2) of the lnsolvency and Bankruptcy Code, 2016, in relation to non-cooperation and withholding of critical financial documents and records of the Corporate Debtor and its wholly-owned subsidiary, The filing of the aforesaid application is part of the CIRP process and is based on the severe difficulties faced by the RP of Corporate Debtor in discharging his statutory duties due to the non-cooperation of the Suspended Management, which is causing a direct delay in the CIRP timeline. You are requested to take the above information on record. Thanking you Yours faithfully, For Astron Pape ited Atul Sheth Deemed Resol ln the matter of Astron per and Board Mill (Under CIRP) Registered Office: 407, Satyamev Eminence, Science City Road, Sola, Ahmedabad 3800trO, Gujarat, lndia Previous Registered Office:D-702, Ganesh Meriden, Opp High Court, S. G. Highway, Ahmt:dabad 38006t) CIN : 121090GJ2010P1C063428