Astron Paper & Board Mill Limited — Board Meeting, 27-12-2024: Outcome of Board Meeting

The Board of Directors of Astron Paper & Board Mill Ltd. has approved an increase in the authorized share capital from ₹50 Cr to ₹70 Cr, subject to shareholder approval at an extraordinary general meeting (EGM). Additionally, the board sanctioned the sale of land, building, and plant machinery of its wholly-owned subsidiary, Balaram Papers Pvt Ltd, to alleviate financial stress with lenders. An EGM is scheduled for January 27, 2025, at 11:00 a.m. via video conferencing to obtain shareholders' consent for the authorized share capital increase.