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.

Astron Paper & Board Mill Limited announced its unaudited financial results for the third quarter of FY26 ended 31st December 2025, reporting continued losses amid operational challenges. The company's Board of Directors, meeting on 13th February 2026, approved the quarterly results along with several key corporate governance decisions.

Financial Performance Overview

The company reported a net loss of ₹445.64 lakhs for Q3FY26, showing improvement from the ₹2,618.71 lakhs loss recorded in Q3FY25. Revenue from operations stood at ₹144.71 lakhs compared to ₹136.05 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended 31st December 2025, the company's financial position showed significant deterioration compared to the previous year. Total revenue declined substantially to ₹272.72 lakhs from ₹9,542.56 lakhs in the corresponding nine-month period of FY25.

Corporate Governance Initiatives

The Board approved a postal ballot to seek shareholder approval for two critical appointments:

• Independent Director Ratification: Confirmation of Ms. Jankiben Patel (DIN: 09183490) as Independent Director
• Statutory Auditor Appointment: M/s H K Shah & Co., Chartered Accountants (FRN: 109583W) for FY 2025-26 to fill casual vacancy

The company will provide remote e-voting facilities to shareholders, with detailed postal ballot notices to be communicated separately.

Committee Reconstitution

The Board approved immediate reconstitution of key committees with new compositions:

Audit Committee:

• Mr. Sudhir Omprakash Maheshwari (Chairperson) - Independent Director
• Ms. Janki Patel (Member) - Independent Director
• Mr. Kiritbhai Ghanshyambhai Patel (Member) - Executive Director

Nomination and Remuneration Committee:

• Ms. Janki Patel (Chairperson) - Independent Director
• Mr. Sudhir Omprakash Maheshwari (Member) - Independent Director

Material Disclosures and Challenges

The company disclosed several material developments affecting its operations:

• Insolvency Proceedings: The company is undergoing proceedings under the Insolvency and Bankruptcy Code, 2016
• Asset Possession: Secured lenders have taken symbolic possession of certain company assets under the SARFAESI Act, 2002
• Compliance Gap: The Company Secretary position remains vacant, resulting in non-compliance with Section 203 of the Companies Act, 2013

The statutory auditors M/s H K Shah & Co., Chartered Accountants, issued Limited Review Reports with unmodified opinions on both standalone and consolidated unaudited financial results. The Board meeting was conducted from 04:15 P.M. to 04:45 P.M. on 13th February 2026, with the company maintaining its paid-up equity capital at ₹4,650.00 lakhs throughout the reporting periods.