Astron Paper & Board Mill Limited has informed the Exchange about Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Demand Notice For Wholly Owned Subsidiary Company
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Astron Paper & Board Mill's wholly owned subsidiary, Balaram Papers Pvt. Ltd., received a demand notice from the Income Tax Department under Section 156 of the Income-Tax Act, 1961, dated 12/03/2025. The demand relates to an assessment year 2021-22 matter originating from a past search and seizure action under Section 132 of the Income Tax Act. The total demand amount is Rs. 61,920, which is a very small figure. The company has stated there is no material impact on its financials, operations, or other activities and is evaluating the demand to decide on further action.
The demand amount is negligible (Rs. 61,920) compared to the company's size, and management has confirmed no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock from this disclosure.