Astron Paper & Board Mill Announces Key Board Appointments and Office Relocation

Astron Paper & Board Mill Limited board of directors convened on December 23, 2025, to approve several important corporate matters under SEBI listing regulations. The meeting, which commenced at 1:15 PM and concluded at 1:50 PM, addressed key appointments and operational changes for the paper manufacturing company.

Statutory Auditor Appointment

The board approved the appointment of M/s HK Shah & Co., Chartered Accountants (FRN: 109583W), Ahmedabad, as the company's statutory auditor. This appointment remains subject to shareholder approval at the ensuing general meeting.

Parameter	Details
Auditor Firm	M/s HK Shah & Co., Chartered Accountants
Registration Number	109583W
Location	Ahmedabad
Approval Status	Subject to shareholder approval

Independent Director Addition

The board also approved the appointment of Ms. Jankiben Patel (DIN: 09183490) as an independent director of the company. Similar to the auditor appointment, this decision requires shareholder approval at the upcoming general meeting.

Registered Office Relocation

Due to the sealing of current registered office premises by Union Bank, the board approved shifting the registered office within the local limits of Ahmedabad, Gujarat. The relocation details are as follows:

Address Type	Location
Existing Address	D-702, Seventh Floor, Ganesh Meridian, Opposite High Court, S.G. Highway, Ahmedabad-380060, Gujarat
New Address	407, Satyamev Eminence, Beside Saptak Bungalows, Science City Road, Sola, Ahmedabad-380060, Gujarat

Property Sale Transaction

The company completed the sale of freehold property consisting of plots at Umiya Township, Halvad. The proceeds from this property sale were utilized for bank payments and meeting statutory payment requirements.

Regulatory Compliance

The company confirmed that necessary filings with the Registrar of Companies and other statutory authorities will be made in due course. This announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Astron Paper & Board Mill's board has taken these significant steps to strengthen its governance and operational structure. The appointment of HK Shah & Co. as the statutory auditor and Jankiben Patel as an independent director, both subject to shareholder approval, demonstrates the company's commitment to maintaining robust financial oversight and diverse leadership. These appointments, along with the office relocation, mark important developments in the company's corporate governance and operational strategy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-5.90%	-7.27%	-64.52%	-72.56%	-89.07%

Astron Paper & Board Mill Limited , a company listed on the Indian stock exchanges, has announced the resignation of its statutory auditors, SNDK Associates LLP, effective November 14, 2025. This development comes amidst growing regulatory pressures and concerns over the timely availability of audit evidence.

Key Points of the Auditor Resignation

Resignation Date: November 14, 2025
Auditor: SNDK Associates LLP (Firm Registration No. W100060)
Reasons Cited:
1. Increased regulatory obligations
2. Time constraints
3. Lack of timely availability of audit evidence from management

Impact and Company Response

The company has accepted the auditors' resignation, and the Audit Committee has taken note of the development. Astron Paper & Board Mill Limited has assured stakeholders that it is initiating steps to fill the casual vacancy in accordance with the provisions of the Companies Act, 2013.

Auditor's Statement

In their resignation letter, SNDK Associates LLP highlighted several key points:

Continuous amendments in reporting and disclosure requirements under various statutes have increased the complexity and time demands of the audit process.
The firm cited challenges in obtaining sufficient appropriate audit evidence and timely information from the company's management.
The auditors confirmed the completion of the limited review for the financial results of the quarter and half-year ended September 30, 2025.

Regulatory Compliance

In compliance with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, Astron Paper & Board Mill Limited has made the following disclosures:

Disclosure Item	Details
Reason for resignation	Increased professional commitments, regulatory obligations, and inability to devote sufficient time to the audit
Other material reasons	None other than those stated in the resignation letter
Auditor's efforts	Indicated that adequate and timely audit evidence was not made available by management

This change in auditors raises questions about the company's internal processes and its ability to meet the increasing demands of regulatory compliance. Investors and stakeholders will likely be watching closely to see how Astron Paper & Board Mill Limited addresses these concerns and appoints new auditors to ensure continued transparency and compliance with regulatory requirements.

As the situation develops, it will be crucial for the company to maintain open communication with its stakeholders and take swift action to address any underlying issues that may have contributed to the auditors' resignation.