Union Bank issues possession notice for nine company assets

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ASTRON · price

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

+3.2%Reaction day

₹10.25

prior close

₹10.46

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+3.0% vs market

On the reaction day the stock moved 3.0 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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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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AI summary

Astron Paper received a possession notice dated 17 October 2025 from secured lender Union Bank under India's debt recovery law. It covers nine assets, mainly land and buildings in Gujarat and two Ahmedabad offices, with stated areas totaling about 178,089 sq m. The company is evaluating the impact and seeking legal advice.

Likely market impact

Negative for shareholders: lender possession raises asset-loss and distress risk and may pressure the stock. No loss amount or asset sale is stated.