Astron Paper & Board Mill Limited (ASTRON) — Announcement

📢 Key Event
NCLT admits insolvency petition against Astron Paper & Board Mill, initiating CIRP.

🔄 What Changed
Board powers suspended; IRP appointed to manage company; moratorium declared.

🔮 What's Next
Company will inform exchanges of material developments as they arise.

💡 Investor Takeaway
Shareholders face potential loss of control and uncertain recovery in the insolvency process.

⚠️ Risks
No explicit risks or concerns detailed in the filing.

Astron Paper & Board Mill Limited announced that the National Company Law Tribunal admitted a petition from operational creditor Empire Sony PTY Limited, initiating a Corporate Insolvency Resolution Process under Section 9(5) of the IBC. The order, dated 11 May 2026, imposes a moratorium effective immediately, suspends board powers, and appoints IRP Atul Jashwantrai Sheth to manage the company as a going concern. The company will keep exchanges informed of further developments.

📄 View Original Announcement (PDF)

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