5th CoC meeting - both Resolution Professional proposals rejected

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ASTRON · price

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Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹2.84

prior close

₹2.81

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.8%-0.4% vs market

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-3.2-2.8-0.4

Next day

-0.7-2.5+1.8

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+2.1-0.8+2.9

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15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Astron Paper & Board Mill, already under insolvency resolution, held its 5th Committee of Creditors meeting on 18 September 2026. Online voting ended on 7 October 2026. Creditors rejected both proposals to appoint a new Resolution Professional, Mr Navin Khandelwal and Mr Arul Sheth. The current Resolution Professional, CA Atul J Sheth, stays on.

Likely market impact

Rejection of both RP candidates may delay the insolvency process. Uncertainty continues for shareholders and lenders.