Astron Paper & Board Mill Limited has submitted to the Exchange, the financial results for the period ended December 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 disastrous Q3 FY26 results with revenue from operations collapsing to just ₹144.71 lakhs against ₹136.05 lakhs in Q3 FY25, while for the 9 months ended Dec 25 revenue was only ₹272.59 lakhs compared to full-year FY25 revenue of ₹9,594.61 lakhs — a near-total business shutdown. The company posted a standalone loss after tax of ₹445.64 lakhs for the quarter and ₹1,390.07 lakhs for the 9-month period, with consolidated losses slightly higher. Finance costs alone of ₹393.83 lakhs in Q3 dwarfed revenue. The board disclosed that the company is undergoing proceedings under the Insolvency and Bankruptcy Code and SARFAESI Act, with secured lenders having taken symbolic possession of assets. M/s H K Shah & Co. were appointed as Statutory Auditors to fill a casual vacancy, the Company Secretary post remains vacant (non-compliance with Section 203), and committee reconstitutions were approved. Auditors issued unmodified limited review opinions on the quarterly results.
This is a deeply negative development for shareholders — the business has effectively collapsed, the company is in insolvency proceedings with lenders seizing assets, and ongoing losses raise serious doubts about survival. Stock price is likely to remain under severe pressure, and equity holders face significant risk of near-total loss in any resolution process.