Astron Paper & Board Mill Limited has informed the Exchange about Intimation of Admission of Corporate Insolvency Resolution Process (CIRP) under Section 9(5) of the Insolvency and Bankruptcy Code, 2016
ASTRON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The National Company Law Tribunal (NCLT), Ahmedabad has admitted a corporate insolvency petition against Astron Paper & Board Mill Limited. The petition was filed by Australia's M/s. Empire Sony PTY Limited claiming an operational debt of Rs. 1,77,99,024.64 (approximately Rs. 1.78 crore). The NCLT order dated 11th May 2026 ordered commencement of the Corporate Insolvency Resolution Process (CIRP) under Section 9(5) of the IBC. Mr. Atul Jashwantrai Sheth has been appointed as the Interim Resolution Professional (IRP). A moratorium has been declared, suspending all powers of the Board of Directors. All suits, proceedings, and recovery actions against the company stand prohibited until the CIRP concludes or a Resolution Plan is approved.
This is an extremely negative development for shareholders as the company has entered a formal insolvency process. Trading in the stock may be suspended, and shareholders face potential significant dilution or total loss of value depending on the outcome of the resolution process.