AGM delayed due to ongoing insolvency resolution process
ASTRON · price
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Astron Paper and Board Mill has informed BSE and NSE that its Annual General Meeting could not be held within the prescribed timeline. The delay is attributed to non-finalization of annual records and the subsequent commencement of Corporate Insolvency Resolution Process on 11 May 2026, following an NCLT order. The Resolution Professional, CA Atul J Sheth, is now managing company affairs. AGM will be convened as per Companies Act 2013, IBC, and SEBI LODR, subject to NCLT directions.
Company is under CIRP, indicating financial distress. AGM delay reflects ongoing insolvency proceedings, posing significant risk to shareholders.