Astron Paper invites bids for resolution under insolvency process
ASTRON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Astron Paper and Board Mill, under Corporate Insolvency Resolution Process, has invited Expression of Interest from resolution applicants under IBC 2016. The company produces recycled kraft paper (500 tons per day capacity) at Halvad and Bhuj plants. Revenue fell sharply from about Rs 95.74 crore in FY25 to Rs 72.47 lakhs in FY26. Revised key dates: EoI by 19 September 2026, resolution plans by 16 November 2026. The firm currently reports zero employees and is being shopped to potential buyers to revive or take over the business.
Existing shareholders face likely equity dilution or wipeout as the insolvent company is sold to a resolution applicant under IBC rules.