Astron Paper invites resolution plans under ongoing insolvency process

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ASTRON · price

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AI summary

Astron Paper & Board Mill, already under Corporate Insolvency Resolution Process since May 2026, has invited Expression of Interest for resolution plans under Section 25(2)(h) of the Insolvency and Bankruptcy Code. Last date for EoI was July 25, 2026. Final list of prospective resolution applicants by August 18, 2026. Resolution plans due by September 17, 2026. The company makes recycled Kraft Paper with 500 tons per day capacity.

Likely market impact

Stock remains distressed. Existing shareholders face risk of significant dilution or total loss if resolution plan is approved by lenders and NCLT.