Astron Paper & Board Mill
4.13
+0.07(+1.72%)
Market Cap₹19.20 Cr
PE Ratio-0.38
Company Performance:
1D+1.72%
1M-31.40%
6M-70.94%
1Y-77.13%
5Y-90.66%
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More news about Astron Paper & Board Mill
17Nov 25
Astron Paper & Board Mill Reports Quarterly Loss Amid Insolvency Proceedings and Plant Shutdown
Astron Paper & Board Mill Limited has reported a net loss of Rs. 475.43 lakhs for the quarter ended September 30, 2025. The company's plants have been shut down since September 2024, resulting in zero revenue from operations. Astron is facing insolvency proceedings, enforcement actions under SARFAESI Act, and has defaulted on bank loans totaling Rs. 81.41 crores. Corporate governance issues include resignations of independent directors and non-compliance with board composition requirements. Auditors have raised concerns about the company's going concern status, asset valuation, financial reporting, and regulatory compliance.
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28Oct 25
Astron Paper & Board Mill Faces Asset Possession by Union Bank of India
Astron Paper & Board Mill Limited has received a possession notice from Union Bank of India for nine properties across Gujarat, totaling approximately 178,000 square meters. The notice, dated October 17, 2025, is issued under the SARFAESI Act, 2002. The affected properties include factory lands, office spaces, and plots in various locations. Astron Paper is evaluating the implications and considering legal steps. This disclosure was made in compliance with SEBI LODR Regulations.
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15Oct 25
Astron Paper Subsidiary Assets Face E-Auction by Canara Bank Under SARFAESI Act
Astron Paper & Board Mill Limited disclosed that Canara Bank has issued an e-auction sale notice dated November 21, 2025, targeting assets of its wholly-owned subsidiary Balaram Papers Private Limited under SARFAESI Act provisions. The auction includes plant and machinery along with 10,217 square meters of industrial land located in Ganeshpura, Mehsana, Gujarat.
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24Sept 25
Astron Paper & Board Mill Faces Possession Notice for Multiple Properties
Astron Paper & Board Mill Ltd has received a possession notice from a consortium of banks for six properties totaling approximately 160,015 square meters in Village Sukhpar, Taluka Halvad, District Surendranagar. The notice, dated September 23, 2025, was issued by Union Bank of India and member banks including Axis Bank, ICICI Bank, Bank of Maharashtra, and State Bank of Mauritius under the SARFAESI Act. The company is evaluating the implications and will take appropriate steps based on legal advice.
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13Aug 25
Astron Paper Reports Q1 FY2026 Loss Amid Plant Closures and Director Changes
Astron Paper & Board Mill Ltd. reported a standalone net loss of Rs 495.61 lakhs for Q1 FY2026, with revenue plummeting to Rs 127.88 lakhs. Consolidated results show a net loss of Rs 526.07 lakhs. The company faces severe operational challenges with both Halved and Bhuj plants non-operational. Bank loans totaling Rs 81.85 crores have been declared NPAs. Management changes include the re-designation of Mr. Karshanbhai Hirabhai Patel and reconstitution of key committees. Auditors have issued a disclaimer of opinion, citing concerns about the company's ability to continue as a going concern.
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1 Year Returns:-77.13%
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