Astron paper & board mill Limited has announced the resignation of Independent Director Mr. Sudhir Maheshwari, effective from March 25, 2026. The resignation was submitted due to his preoccupation with other assignments and forthcoming commitments.

Director Resignation Details

Mr. Sudhir Maheshwari, holding Director Identification Number (DIN) 07827789, tendered his resignation through a letter dated March 25, 2026. The resignation became effective from the close of business hours on March 25, 2026. The company received his resignation letter on March 30, 2026, at the close of office hours.

Committee Impact

Following his resignation as Independent Director, Mr. Maheshwari will also cease to be the Chairman of the Audit Committee of the company. This dual departure will require the company to make arrangements for both positions to ensure continued governance and oversight.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive disclosure as required under SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Director's Confirmation

In his resignation letter, Mr. Maheshwari expressed gratitude for the opportunities and experiences gained during his tenure with the company. He confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter, specifically his preoccupation with other assignments.

The company noted that Mr. Maheshwari does not hold directorships in any other listed entities, indicating no conflicts or overlapping commitments with other public companies. The resignation letter has been enclosed with the regulatory filing as required documentation.

Astron Paper & Board Mill Limited has announced the official voting results from its 1st Extraordinary General Meeting (EGM) held on March 19, 2026, with both key resolutions receiving overwhelming shareholder approval. The company submitted the voting results to BSE and NSE on March 20, 2026, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Overview and Participation

The EGM was conducted at 02:00 PM through video conferencing and other audio-visual means, chaired by Mr. Kiritbhai Ghanshyambhai Patel, Managing Director. The meeting saw participation from 35 shareholders, including 3 from the promoter group and 32 from the public category. The company had established March 12, 2026, as the cut-off date for e-voting eligibility, with 21,855 shareholders qualified to participate.

Voting Results and Shareholder Response

The scrutinizer's report, prepared by Pinakin Shah & Co., Company Secretary, revealed exceptional shareholder support for both agenda items. Out of 46,500,000 outstanding equity shares, the company received 8,567,265 votes through electronic voting, representing an 18.42% voting turnout.

Resolution Details and Outcomes

Both resolutions on the EGM agenda received requisite majority approval. The first ordinary resolution concerned the appointment of statutory auditors to fill a casual vacancy, while the second special resolution addressed the regularization of Ms. Jankiben Patel as an Independent Director.

E-Voting Process and Compliance

The remote e-voting period commenced on March 16, 2026, at 09:00 AM and concluded on March 18, 2026, at 05:00 PM through the CDSL platform. The scrutinizer conducted the vote counting process in the presence of two independent witnesses - Divyang Shankerlal Patel and Chaitree Ishan Shah. No physical poll was conducted at the meeting, with voting carried out exclusively through the remote e-voting facility.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by communicating the results to stock exchanges and will upload them on the websites of the company, CDSL, and stock exchanges as required under Regulation 44 of SEBI (LODR) Regulations, 2015. All related papers, registers, and records have been handed over to the Chairman for safe custody, ensuring complete documentation of the proceedings.