Union Bank takes possession of Astron offices under SARFAESI

Loan NpaCredit & Debt View source PDF Explain this filing

ASTRON · price

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

+0.7%Reaction day

₹6.03

prior close

₹6.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.3% vs market

On the reaction day the stock moved 1.3 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

Stock

+2.1

10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.7-0.6+1.3

Next day

+0.5-1.5+2.0

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15d

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-35.3-12.8-22.5

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AI summary

Astron Paper and Board Mill has received a possession notice dated 19 November 2025 from Union Bank of India under the SARFAESI Act 2002. The bank is taking possession of two office spaces at Ganesh Meridian on S.G. Road, Ahmedabad, totalling about 474 square metres. The company says it is reviewing the action and exploring appropriate legal steps. A SARFAESI possession notice is issued only after a secured loan is classified as non performing, indicating the company has defaulted on its debt obligations to Union Bank.

Likely market impact

Negative - lender enforcement signals loan NPA and financial distress; risks for shareholders include asset loss and weakening credit standing.