Astron Paper & Board Mill Limited (ASTRON) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Independent director resigned from Astron Paper & Board Mill's board.

🔄 What Changed
Board composition reduced by one independent director position.

💡 Investor Takeaway
Investors should monitor for timely appointment of a replacement independent director to maintain governance standards.

⚠️ Risks
Potential reduction in independent board oversight until replacement appointed.

Astron Paper & Board Mill Limited announced the resignation of an independent director effective March 31, 2026. The filing provides formal notice of the board composition change. No financial impact, specific reasons for departure, or successor appointment details are disclosed in this announcement.

2 Announcement 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Independent Director and Audit Committee Chairman Sudhir Maheshwari resigned effective 25 March 2026.

🔄 What Changed
Board composition reduced by one Independent Director; Audit Committee Chair position vacated.

💡 Investor Takeaway
Loss of audit oversight chair may temporarily weaken governance unless a replacement is promptly appointed.

⚠️ Risks
Audit Committee leadership gap created; successor appointment timeline not specified.

Astron Paper & Board Mill Limited announced the resignation of Mr. Sudhir Maheshwari (DIN: 07827789) as an Independent Director effective 25 March 2026, citing preoccupation with other assignments. Maheshwari also ceased his role as Chairman of the Audit Committee. The company confirmed no material reasons for resignation exist beyond those disclosed. This represents a change in board composition affecting audit committee leadership.

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