Astron Paper Subsidiary Repays Loan, Recovers Property from Canara Bank
Astron Paper's subsidiary, Balaram Paper Private Limited, has fully repaid its loan to Canara Bank. The subsidiary has regained possession of its property, plant, machinery, and inventories on December 31, 2025, following the issuance of a No Dues Certificate on December 29, 2025.
The repayment of debt and recovery of assets by a wholly-owned subsidiary can positively impact the company's financial health and operational capacity.
The repayment of loans and recovery of assets by the subsidiary is a positive development for the company.
Astron Paper & Board Mill Limited announced that its wholly-owned subsidiary, Balaram Paper Private Limited, has successfully repaid its outstanding dues to Canara Bank, Asset Recovery Management Branch, GIFT City, Gandhinagar.
Canara Bank issued a No Dues Certificate on December 29, 2025, confirming the closure of credit facilities provided to Balaram Paper Private Limited. Following this full repayment, Balaram Paper Private Limited has regained physical possession of its immovable property located at Survey No. 258, Mouje Ganeshpura, Tehsil Kadi, District Mehsana, Gujarat. The possession also includes the associated plant, machinery, and inventories, as per the possession notice dated October 11, 2025. The company received the physical possession on December 31, 2025.
This disclosure serves to inform stakeholders about the subsidiary's successful loan account closure with Canara Bank and the subsequent recovery of secured assets.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.