Astron Paper Receives Possession Notice from Union Bank of India
Astron Paper & Board Mill Limited received a possession notice from Union Bank of India on November 19, 2025. The notice pertains to the seizure of two office spaces in Ahmedabad, admeasuring 333.46 Sq mtrs and 140.43 Sq mtrs respectively.
The seizure of company assets by a bank can significantly impact the company's operations, financial health, and investor confidence.
The company has received a possession notice from the bank for its assets, indicating a potential financial distress or default.
Astron Paper & Board Mill Limited has received a possession notice dated November 19, 2025, from Union Bank of India. This action is taken under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Second) Act, 2002.
The notice concerns the secured creditor taking possession of two office spaces located at D-702 and D-704, Ganesh Meridian, Opp. Gujarat High Court, S. G. Road, Ahmedabad. The office at D-702 admeasures 333.46 Sq mtrs, and the office at D-704 admeasures 140.43 Sq mtrs.
The company is currently evaluating the implications of this notice and will be taking appropriate steps based on legal advice. This disclosure is made in compliance with SEBI (LODR) Regulations, 2015, for the information of stakeholders.
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Astron Paper & Board Mill Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Astron Paper & Board Mill Limited. Read the original for the full detail.