Astron Paper & Board Mill Ltd

Key approvals

• e-voting concluded at 8:00 PM on Sep 21, 2026.
• To approve filing of IA with NCLT Ahmedabad under IBC sections 43 and 66.
• To approve CIRP expenses of Rs 23,10,852.
• To approve procurement of 1 TB Seagate Hard Disk for storage and backup.
• To approve expenditure towards BENPOS data from Central Depository.
• Preservation of records and documents pertaining to the Corporate Debtor.

CoC meeting notice

• 5th CoC meeting scheduled for Friday, Sep 18, 2026 at 3:00 PM.
• Under CIRP; Deemed Resolution Professional Atul Sheth appointed May 11, 2026.
• Order publishing appointment released May 15, 2026.

CIRP start and RP appointment

• CIRP commenced on 11 May 2026 per NCLT Ahmedabad order.
• RP assumed responsibility for the Corporate Debtor's affairs on commencement.

Quarter ended 30 Jun 2026 results status

• Financial results for quarter ended 30 Jun 2026 not finalized within timeline.
• Reason: non-availability of asset sale data and related records.
• Nature and financial impact under examination as part of the financial reporting and audit process.

Historical non-compliances and RP position

• Observations relate to pre-CIRP period; RP not responsible for such defaults.
• Availability of books and records from suspended management affected verification.

Regulatory disclosures and proceedings

• CIRP-related disclosures uploaded on NEAPS per SEBI LODR.
• An application under Section 19(2) of IBC seeking directions for non-cooperation by suspended management.

Key CIRP and contempt filing

• CIRP commenced 11 May 2026 for Astron Paper & Board Mills Limited.
• Application filed before NCLT Ahmedabad Bench on 10 Sep 2026.
• NCLT order dated 11 May 2026 directed payment of Rs 2,00,000 within two weeks.
• Two-week deadline from receipt of order; payment not made.
• Contempt proceedings sought for willful/non-compliance with NCLT order.

E-voting details

• CIRP commenced 1 May 2026 under NCLT order; RP supervises.
• E-voting window runs 11 Sep 2026 05:00 PM to 15 Sep 2026 05:00 PM.
• 4th CoC meeting originally scheduled 2 Sep 2026; adjourned to 9 Sep 2026 6:00 PM.

CIRP update and AGM status

• CIRP commenced 11 May 2026 under NCLT order.
• AGM could not be held due to pending annual records amid CIRP.
• Resolution Professional appointed: CA Atul J Sheth.
• RP to complete pending statutory compliances and convene AGM per applicable laws.
• Company will keep the stock exchange informed of further material developments.

Key CIRP updates

• CIRP commenced on 11 May 2026 under NCLT order.
• Application under section 19(2) IBC filed on 10 July 2026 before NCLT Ahmedabad Bench.
• Resolution Professional: CA Atul J Sheth.
• RP sought directions against concerned personnel for cooperation in CIRP.
• Letter dated 15 September 2026 indicates CIRP updates to stock exchanges.

CoC update

• CoC meeting adjourned to Sep 8, 2026.
• Original date: Sep 2, 2026, 4:00 PM.
• Adjournment requested by CoC Members.

CoC resolutions

• Third CoC meeting held on August 5, 2026.
• e-voting concluded at 7:00 PM on August 26, 2026.
• Filing of IA before NCLT to seek directions against Operational Creditor; deposit Rs 2,00,000.
• Fresh publication of Form-G in newspapers.
• Evaluation matrix parameters per IBC and IBBI regulations.
• Appoint VCAN & Co. as Transaction Auditor at Rs 2,50,000 + GST + OPE.
• Install solar-powered lighting to improve visibility.

Q1 2026 results update

• Q1 2026 financial results not finalized due to incomplete audit and missing books.
• Prior-period transactions identified requiring verification; nature and financial impact under review.
• Suspended management non-cooperation affected availability of books and information.
• IBC Section 19(2) application filed before NCLT Ahmedabad for directions.
• May 11, 2026 order appointed Deemed Resolution Professional; published May 15, 2026.
• Affairs under CIRP are being managed by the DRP to facilitate finalization.