NSECorporate Insolvency Resolution Process28 Jul 2026 · 28 Jul 2026, 05:15 pm

Corporate Insolvency Resolution Process

Astron Paper & Board Mill Limited · ASTRON

✦ AI SummaryInsolvency

Astron Paper & Board Mill Limited has initiated a Corporate Insolvency Resolution Process (CIRP) under Section 25(2)(h) of the Insolvency and Bankruptcy Code, 2016. The company has invited expressions of interest from prospective resolution applicants, with the last date for submission of resolution plans being July 9, 2026.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk6/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment5/10

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Astron Paper & Board Mill Limited has informed the Exchange about Corporate Insolvency Resolution Process

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ASTRON_28072026171444_Letter-BSE_and_NSE.pdf

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ASTRON PAPER & BOARD MILL LIMITED (Under Corporate lnsolvency Resolution Process) CA ATUL J SHETH - RP B-27, Saiyam Apartments, Near Nehru Nagar, Ambawadi, Ahmedabad - 380 015 Email : astroncirp@gmail.com;atu lshethip@gmail.com July 27,2026 The Secretary / Corporate Retationship Dept. The Manager The Bombay Stock Exchange Limited Listing Department, P. J. Towers, National Stock Exchange of India Ltd Datat Street, Fort, 'Exchange Plaza', C-1, Block G, Mumbai 400001. Bandra Kurla Comptex, Bandra (E), Mumbai 400051. Stock Code: 540824 Stock Code: ASfRON Ref: lSlN 1NE646X01014 Dear Sir / Madam, Sub: lnvitation of Resolution Plans under Section 25(2)(h) of the lnsolvencv and Bankruptcv Code, 2016 in the matter of Astron Paper & Board Mills Limited- Under Corporate lnsolvencv Resolution Process (,,Corporate Debtor,,) Ref : Regulation 30 of Securities and Exchange Board of lndia {Listine Obligations and Disclosure Requirements) Reeu lations, 2015 ln reference to the intimation dated May 15, 2026 and pursuant to Regulation 30(2) of Securities and Exchange Board of lndia (Listing ObLigations and Disctosure Requirements) Regulations, 20'1 5 ("LODR") read with the requirements of sub-ctause 16(9) of Para A of Part A of Schedutc lll of LODR, the undersigned woutd tike to inform you that an invitation for Expression of lnterest in the prescribed format has been made on July 9, 2026 wherein the last date to submit Expression of lnterest was July 25,2026 which is in terms of lnsotvency and Bankruptcy Code, 2016 read with lnsoLvency and Bankruptcy Board of lndia (Corporate lnsotvency Resolution Process) Regutations,2016 and amendments thereto and the same is annexed herein. You are requested to take the above information on record. Thanking you, Yours faithfutty, For Astron Paper & Board Mills Limited (Under Corporate lnsolvency Resolution Process) Atul Sheth Resolution Professional lBBr/rpA-001/r P-PO2463 I 2027-22I L38s4 Authorization for Assignment valid till lune30,2027 Registered Office: 407, Satyamev Eminence, Beside Saptak Bungalows, Science City Road, Sola, Ahmedabad - 380060, Gujarat, lndia Previous Registered Office:D-702, Seventh Floor, Ganesh Meriden, Opp high Court, S. G. Highway, Ahmedabad - 380060 CIN: 121090GJ2010P1C063428 FORM G INVITATION FOR EXPRESSION OF INTEREST FOR ASTRON PAPER AND BOARD MILL LIMITED AT GUJARAT (Under sub-regulation (1) of regulation 364 of the lnsolvency and Bankruptcy Board of lndia (lnsolvency Resolution Process for 20 sL. RELEVANT 1 Name of the corporate debtor along with PAN & CIN ASTRON PAPER & BOARD MILL LIMITED Pan No.: AAJCAOS17E Cl N No.: L2 1090GJ2010P1C063428 2 Address of the registered office 407, Satyamev Eminence, Beside Saptak Bungalows, Science City Road, Sola, Ahmedabad - 380060, Old Reg Office :D-702, 7th Floor, Ganesh Meridian, Opp. Gujarat High Court, S.G. Highway, Ahmedabad - 380060, Gujarat. 5 URL of website www.astronpaper.com 4 Details of place where majority of fixed assets are located Factory Units Halwad and Bhuj and offices at Ahmedabad 5 lnstalled ca of main products/ services 500 Tons per day of Recycled Kraft Paper 6 Quantity and value of main products/ services sold in last 29800 Tons of Kraft paper and Rs 95.74 financial year Crores of finished goods sold during FY 2024- 280 Tons of Kraft paper and Rs72.47 Lakhs of finished goods of Kraft paper sold during FY 2025-26 7 Number of workmen NIL 8 Further details including last available financiaI statements Details can be sought by emailing- (with schedules) of two years, lists of creditors are available e-Lusnetlp€gmeii.dsm and can be At URL: downloaded from astron .com 9 Eligibility for resolution applicants under section 25(2Xh) of Details can be sought by emailing- the Code is available at URL: .com 10 Last date for recei of of interest 25.07.2026 (Orieinal) 7L Date of issue of provisional list of prospective resolution A4.08.2026 (Originall lica nts t2 Last date for submission of objections to provisional list 09.08.2026 (Original) 13 Date of issue of final list of prospective resolution 77.08.2026 (0riginal) 1-4 Date of issue of information memorandum, evaluation 18.08.2026 (Original) matrix and request for resolution plans to prospective resolution applicants 15 Last date for submission of resolution plans L7.09.2026 (Original) 1,6 Process email id to submit Expression of lnterest astroncirp@gmail.com Details of the corporate debtor's t;fr: :Ntl Registration status as MSME. ,:.!'7i:t\-.!:= ili:ir, i\lU. l!8r/tPA"$Srl sd/- lF.PrE246iI/ I Jashwantrai Sheth 2t]?i-Z{32?_l Professional in the matter of t 38sri Astron Paper & Board Mill Limited r pA-001/r P-P0 2463 I ?021-22 / 13854 AFAValid Upto: 30th June,2027 AFA No: AAL/ L3854/ 02/ 3A0627 / 3.O9Oo7 B-27, Saiyam Apartment, Near Nehru Nagar, Ambawadi, Ahmedabad - 380015 Date: 09.07.2026 Place: Ahmedabad