Astron Paper & Board Mill Limited — Important, 24-09-2025: Disclosure of material issue

Astron Paper & Board Mill has received a possession notice from a consortium of banks, including Union Bank of India, Axis Bank, ICICI Bank, Bank of Maharashtra, and State Bank of Mauritius. This action, taken under the Securitisation Act, involves the banks taking possession of multiple land parcels, some identified as factory land assets.

**Issue:** Banks are taking possession of company assets, indicating a potential default on secured loans.

**Possible Impact:** The seizure of key operational assets, including factory land, could severely disrupt the company's business operations, significantly impact its asset base, and raise serious concerns about its financial stability and ability to continue production. This is a negative development for investors.

**Company’s Response:** The company states it is currently evaluating the implications of this action and will take appropriate steps based on legal advice.