Astron Paper Board Mill Board Approves Q3 FY26 Results, Reconstitutes Committees
Astron Paper & Board Mill's Board approved Q3 FY26 Un-Audited Financial Results. Standalone and consolidated revenue from operations stood at ₹144.71 Lakhs. The company reported a net loss after other comprehensive income of ₹445.64 Lakhs (standalone) and ₹505.52 Lakhs (consolidated). The Board also approved seeking shareholder approval for director appointment ratification and auditor appointment.
The company is undergoing insolvency proceedings and has disclosed enforcement actions, which significantly impacts its financial health and operational stability. The losses reported also contribute to the high impact.
The company reported losses in its financial results for the quarter and disclosed ongoing insolvency and enforcement proceedings, which are negative indicators.
Astron Paper & Board Mill Limited's Board of Directors, in a meeting held on February 13, 2026, approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended December 31, 2025. The company's statutory auditors, M/s H K Shah & Co., issued unmodified Limited Review Reports for these results.
The Board also approved seeking shareholder approval via Postal Ballot for the ratification of Ms. Jankiben Patel's appointment as an Independent Director and for the appointment of M/s H K Shah & Co. as Statutory Auditors for FY 2025-26 to fill a casual vacancy. The company will provide remote e-voting facilities, with detailed notice to follow.
Furthermore, the Board approved the immediate reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee. Key developments disclosed include ongoing proceedings under the Insolvency and Bankruptcy Code, 2016, and enforcement actions under the SARFAESI Act, 2002, with secured lenders taking symbolic possession of certain assets. The position of Company Secretary remains vacant, leading to non-compliance with Section 203 of the Companies Act, 2013.
For the quarter ended December 31, 2025, the standalone revenue from operations was ₹144.71 Lakhs, with a net loss after other comprehensive income of ₹445.64 Lakhs. Consolidated revenue from operations was also ₹144.71 Lakhs, with a net loss after other comprehensive income of ₹505.52 Lakhs. The basic EPS for standalone results was ₹0.96, and for consolidated results was ₹1.09.
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