Astron Paper & Board Mill Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
ASTRON · price
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Awaiting price reaction for this filing.
Astron Paper & Board Mill's board approved unaudited Q3 FY26 results showing operations have nearly collapsed, with standalone revenue at just Rs 144.71 lakhs versus Rs 136.05 lakhs in Q3 FY25, and 9-month FY26 revenue crashing to Rs 272.59 lakhs from Rs 9,506.28 lakhs a year earlier. The company posted a standalone loss of Rs 445.64 lakhs in Q3 FY26 and Rs 1,390.07 lakhs for 9M FY26, with finance costs of Rs 916.73 lakhs in 9M FY26 signalling severe debt burden. The board disclosed that the company is undergoing Insolvency and Bankruptcy Code proceedings and SARFAESI Act enforcement, with secured lenders having taken symbolic possession of some assets. The Company Secretary position remains vacant, causing non-compliance with the Companies Act. Auditors issued an unmodified limited review opinion, and the board approved a postal ballot to ratify an independent director and fill a casual vacancy for statutory auditors.
This is a deeply negative announcement for shareholders. The company is effectively in financial distress with operations largely shut down, active insolvency proceedings, and lender possession of assets — meaning equity holders face significant risk of total loss. The stock is likely to remain under severe pressure.