Astron Paper & Board Mill Ltd: Invitation for Expression of Interest Issued
Astron Paper & Board Mill Ltd has issued an invitation for Expression of Interest as part of its Corporate Insolvency Resolution Process. The revised deadline for EoI submission is September 19, 2026. Key dates for resolution plan submissions and applicant lists are outlined, extending into November 2026. The company produces Recycled Kraft Paper, with recent sales figures provided.
This announcement is a procedural step in the CIRP process, which is significant for the company's future but does not immediately impact its current operations or market standing in a high-impact manner. It signals progress in finding a resolution.
The announcement is a procedural update regarding the Corporate Insolvency Resolution Process and does not contain financial performance data or strategic changes that would indicate a positive or negative sentiment.
Astron Paper & Board Mill Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has issued an invitation for Expression of Interest (EoI). This follows an earlier intimation on May 15, 2026, and is in accordance with Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, under the Insolvency and Bankruptcy Code, 2016, has set September 19, 2026, as the revised last date for submitting EoIs. The original last date for submission was July 25, 2026.
The process includes several key dates: the revised date for issuing the provisional list of prospective resolution applicants is September 29, 2026 (original: August 4, 2026), with objections due by October 4, 2026 (original: August 9, 2026). The final list of prospective resolution applicants is scheduled to be issued on October 14, 2026 (original: August 17, 2026). Subsequently, the information memorandum, evaluation matrix, and request for resolution plans will be issued on October 17, 2026 (original: August 18, 2026). The revised deadline for submitting resolution plans is November 16, 2026, with the original deadline being September 17, 2026.
Astron Paper & Board Mill Limited's registered office is located at 407, Satyamev Eminence, Science City Road, Sola, Ahmedabad. The company's installed capacity is 500 Tons per day of Recycled Kraft Paper. In the last financial year (FY 2024-25), 29,800 Tons of Kraft paper were sold for ₹95.74 Crore. In FY 2025-26, 280 Tons of Kraft paper were sold for ₹72.47 Lakhs. The company currently has no employees or workmen.
A plain-language summary of a public exchange filing by Astron Paper & Board Mill Limited. Read the original for the full detail.