Astron Paper & Board Mill Limited has informed the Exchange regarding Resignation of Mr Anand Maheshwari as Non- Executive Independent Director of the company w.e.f. July 04, 2025.
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Mr. Anand Maheshwari (DIN: 09662124) has resigned as Non-Executive Independent Director of Astron Paper & Board Mill Limited, effective close of business hours on July 4, 2025. The reason cited is his preoccupation with other assignments and forthcoming commitments. As a consequence, he also steps down as Chairman of the Audit Committee. He has confirmed that there are no other material reasons for his resignation. The disclosure has been made to both BSE (Code: 540824) and NSE (Code: Astron) under Regulation 30 of SEBI LODR, 2015.
The exit of an Independent Director who also chaired the Audit Committee creates a governance gap that the company will need to fill promptly to maintain board composition and audit oversight requirements. For shareholders, this is a routine personal decision rather than a red flag, but the timing of the audit committee chair replacement will be worth tracking.