Astron Paper & Board Mill Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025
ASTRON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Astron Paper & Board Mill reported audited FY25 results showing a massive standalone net loss of ₹52.30 crore, ballooning from a loss of ₹8.78 crore in FY24. Revenue collapsed roughly 75% to ₹78.40 crore (from ₹310.79 crore) as the company's Halvad plant has been shut since September 2024, with Bhuj and Mehsana plants also non-operational. All bank loan accounts have been declared NPA, leaving no drawing power on existing limits. The statutory auditor (SNDK & Associates LLP) issued a 'Disclaimer of Opinion' stating that the going-concern basis of the company has been 'substantially and materially adversely affected.' Net worth has eroded sharply to ₹99.84 crore (from ₹152.14 crore) and current liabilities now far exceed current assets. Cash and equivalents dropped to just ₹20.81 lakh from ₹10.01 crore a year ago. The company also reappointed its Internal Auditor and appointed a new Secretarial Auditor for 5 years.
This is a deeply negative filing for shareholders. Auditor's disclaimer of opinion, plant shutdowns, NPA status on all bank loans, and the explicit going-concern qualification signal severe financial distress. The stock is likely to see significant negative price action, and recovery prospects appear highly uncertain pending any resolution on debt restructuring or plant restart.