Astron Paper & Board Mill Limited has informed the Exchange regarding Resignation of Mr. Sudhir Maheshwari from the position of Independent Director and also cease to be a Chairman of Audit Committee w.e.f. 25.03.2026
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Mr. Sudhir Maheshwari (DIN: 07827789) has resigned as an Independent Director of Astron Paper & Board Mill Limited with effect from March 25, 2026, citing pre-occupation with other present and forthcoming assignments. As a result, he has also ceased to be the Chairman of the Audit Committee. The resignation letter was received by the company on March 30, 2026, at the close of office hours. He has confirmed that there are no other material reasons behind his departure, and he does not hold any directorships in other listed entities. The disclosure was made by Managing Director Kirit Patel under SEBI Listing Regulations.
This is a routine single-director exit with no governance red flags, but the company will need to fill the Audit Committee Chairman seat to remain compliant with board composition norms. No immediate material impact on shareholders is expected.