Astron Paper & Board Mill Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Kirit Ghanshyambhai Patel, Ramakant Kantibhai Patel, Karshanbhai Hirabhai Patel, and Shreerangam Packaging Pvt. Ltd. (all promoters/promoter group of Astron Paper & Board Mill) have submitted a combined disclosure to NSE and BSE under SEBI's Takeover Regulations. Each promoter has declared that they, along with persons acting in concert, have not created any encumbrance (pledge, lien, or charge) on their shares, directly or indirectly, during financial year 2024-25. This is a routine annual compliance filing required under Regulation 31(4). The disclosures are dated 7th April 2025 and have been copied to the company's Audit Committee.
This is a neutral, routine compliance filing with no material impact on shareholders. It simply confirms promoters did not pledge or encumber their holdings during the year, which is mildly reassuring as it suggests no immediate financial pressure forcing share pledges.