Astron Paper & Board Mill (ASTRON) — Announcement

📢 Key Event
Astron Paper & Board Mill initiates CIRP resolution process with revised procedural deadlines

🔄 What Changed
CIRP proceedings formally commenced with updated submission deadlines for resolution plan

🔮 What's Next
Resolution plan submission deadline set for 16.11.2026

💡 Investor Takeaway
Shareholders face potential loss of investment as the company undergoes insolvency resolution with uncertain recovery prospects

Astron Paper & Board Mill Ltd (ASTRON) has filed an Invitation of Resolution Plan under the Corporate Insolvency Resolution Process (CIRP) with BSE on 2026-09-01, initiating formal insolvency proceedings. The filing outlines procedural timelines including revised deadlines for Expression of Interest (19.09.2026), provisional list (29.09.2026), final list (14.10.2026), and resolution plan submission (16.11.2026). It also details the appointment of insolvency professional Atul Jashwantrai Sheth and the registered office address in Ahmedabad. This restructuring process signals financial distress but offers stakeholders a structured path to potential resolution and value recovery.

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About Astron Paper & Board Mill Ltd (ASTRON)

Forest Materials · Paper · Listed on BSE

Market Cap: ₹14.18 Cr ROE: -23.2% ROCE: -5.7%

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"What is the current debt restructuring plan for Astron Paper?" "How will creditor recoveries be structured under this CIRP?" "What is the estimated timeline for resolution plan approval?"

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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