Astron Paper & Board Mill Ltd

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.

Purpose of EGM

• Appointment of Statutory Auditors to fill casual vacancy
• Regularization of Ms. Jankiben Patel as Independent Director

Summary of Resolutions

• Ordinary resolution for Statutory Auditor appointment, no promoter interest
• Special resolution for regularizing Ms. Jankiben Patel as Independent Director, no promoter interest

Voting Outcome

• Statutory Auditor appointment approved with 100% votes in favor
• Regularization of Ms. Jankiben Patel approved with 100% votes in favor

Voting Turnout

• Total votes cast: 17,134,530 out of 46,500,000 shares (36.85% turnout)

Shareholding and Control Impact

• No promoter or promoter group participation or interest in resolutions

Board Changes

• Ms. Jankiben Patel regularized as Independent Director

Purpose of EGM

• Appointment of Statutory Auditors to fill casual vacancy
• Regularization of Ms. Jankiben Patel as Independent Director

Resolutions

• Ordinary resolution for appointment of Statutory Auditors
• Special resolution for regularization of Independent Director

Voting and Outcome

• Voting conducted through electronic voting
• Scrutinizer appointed to oversee e-voting process
• Voting results to be declared after Scrutinizer's report

Attendance

• 35 shareholders attended via video conferencing
• 3 promoters and 32 public shareholders attended

Board and Management

• Mr. Kiritbhai Patel chaired the meeting as Managing Director

Purpose of EGM

• Appointment of Statutory Auditors to fill casual vacancy
• Regularization of Ms. Jankiben Patel as Independent Director

Resolutions

• Ordinary resolution for appointment of Statutory Auditors
• Special resolution for regularization of Independent Director

Voting and Outcome

• Voting conducted through electronic voting
• Scrutinizer appointed to oversee e-voting process
• Voting results to be declared after scrutinizer report

Attendance

• 35 shareholders attended via video conferencing
• 3 promoters attended through VC/OAVM

Board and Management

• Mr. Kiritbhai Patel chaired the meeting as Managing Director

🗓️ Meeting Details

• Board meeting scheduled for Friday, 13 February 2026.

📍 Key Agenda Items

• Approval of standalone and consolidated unaudited financial results for Q3 ended 31 December 2025.
• Consider convening an Extraordinary General Meeting for shareholder approvals.
• Ratification and confirmation of Ms. Jankiben Patel as Independent Director.
• Appointment of M/s H K Shah & Co. as Statutory Auditor for FY 2025-26 to fill casual vacancy.