E-voting outcome of fifth CoC meeting: both Resolution Professional appointment resolutions rejected

Astron Paper & Board Mill, under CIRP, has disclosed the e-voting outcome of the Fifth Meeting of its Committee of Creditors (CoC).

Thu 8 Oct 2026

CoC Meeting

Fifth CoC meeting was held on Friday, 18 September 2026

E-voting Conclusion

e-voting concluded at 6:00 PM on 07 October 2026

Resolutions Outcome

Both resolutions were rejected by the CoC

Astron Paper & Board Mill is under CIRP

The company is going through the corporate insolvency resolution process (CIRP). In this process, a Resolution Professional (RP) runs the company and the Committee of Creditors (CoC) — the lenders with claims on the company — votes on the key decisions.

What this update covers

• This is the e-voting outcome of the Fifth Meeting of the CoC, which was held on Friday, 18 September 2026.
• E-voting on the resolutions concluded at 6:00 PM on 07 October 2026.
• The letter to the exchanges is dated October 08, 2026.

The two resolutions that were voted on

• To approve the appointment of Mr. Navin Khandelwal as Resolution Professional, pursuant to consent in Form AA.
• To approve the appointment of Mr. Arul Sheth as Resolution Professional, pursuant to consent in Form AA.

Outcome

• Both resolutions were rejected by the CoC.

Why the Resolution Professional matters

• The RP is the person who takes charge of the company during CIRP and places resolution plans before the CoC for its decision.
• The vote here was on who would act as RP, so it is a decision about who runs the insolvency process.
• Since both resolutions were rejected, neither of the two proposed appointments received the CoC's approval in this e-voting.

How a retail investor can read it

• A company under CIRP continues to be listed, and the decisions taken in the CoC and in the insolvency process shape what happens to the company.
• This particular update is about a vote on the appointment of a Resolution Professional; it does not carry any monetary amount, claim value or resolution plan terms.
• The update records the outcome of the vote, that is, the rejection of both resolutions.

What to watch

• Further outcomes of CoC meetings and the progress of the resolution process, since that is where the decisions on the company's future are taken.

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