ICICI Bank confirms Astron Paper account not classified as fraud

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ASTRON · price

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹4.80

prior close

₹4.94

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+3.4% vs market

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+5.0+1.6+3.4

Next day

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AI summary

Astron Paper & Board Mill informed exchanges that ICICI Bank, after reviewing the company's submissions, has confirmed the company's bank account is not to be classified as fraud. The communication from the bank was dated 26 November 2025 and the intimation was filed on 21 January 2026. The disclosure aims to keep stakeholders informed of the outcome.

Likely market impact

Positive for shareholders as it removes the fraud tag from the company's account, reducing reputational and banking risks.