Integrated Filing — IndAS



General information about company
Scrip Code 540824
NSE Symbol ASTRON
MSEI Symbol NOTLISTED
ISIN INE646X01014
Name of company ASTRON PAPER & BOARD MILL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Paper
Start date and time of board meeting 29-May-2025   17:00:00
End date and time of board meeting 29-May-2025   20:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2023-02-14
Indicate Company website link for updated RPT policy of the Company www.astronpaper.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 8833000 959461000
Other income 930000 4559000
Total income 9763000 964020000
2 Expenses
(a) Cost of materials consumed 20000 855710000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 9541000 96483000
(d) Employee benefit expense 9464000 73717000
(e) Finance costs 34133000 119259000
(f) Depreciation, depletion and amortisation expense 15217000 63212000
(f) Other Expenses
1 Others 10414000 268084000
Total other expenses 10414000 268084000
Total expenses 78789000 1476465000
3 Total profit before exceptional items and tax -69026000 -512445000
4 Exceptional items 0 0
5 Total profit before tax -69026000 -512445000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 10599000 10599000
9 Total tax expenses 10599000 10599000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -79625000 -523044000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -79625000 -523044000
17 Other comprehensive income net of taxes -637000 0
18 Total Comprehensive Income for the period -80262000 -523044000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 465000000 465000000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 533367000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.73 -11.25
Diluted earnings (loss) per share from continuing operations -1.73 -11.25
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -1.73 -11.25
Diluted earnings (loss) per share from discontinued operations -1.73 -11.25
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -3.46 -22.5
Diluted earnings (loss) per share from continuing and discontinued operations -3.46 -22.5
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above Results have been reviewd by the Audit Committee and approved by the Board of Directors of the Company at its Meeting held on 29th nMay, 2025. n2. The figures of the last quarter are the balancing figures between Audited figures in respect of Full Financial Year up to March, 31, 2025 / March, 31, n2024 and the Unaudited Published year to date figures up to Dec 31, 2024 / Dec, 31, 2023 being the date of the end of third quarter of Financial Year nrespectively which were subject to limited review. n3. This Statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind As), prescribed under section n133 of the Companies Act, 2013, and other recognized accounting practices and policies to the extent applicable. n4. The figures have been regrouped /reclassified , wherever necessary. n5. The Disclosure is as per Regulation 33 of SEBI (Listing Obligations & Discloser Requirements) Regulations, 2015. n6. The Company is operating in single segment, so above results are for single segment only.



Remarks
Debt equity ratio -
Debt service coverage ratio -
Interest service coverage ratio -


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1224482000
Capital work-in-progress 2759000
Investment property 0
Goodwill 0
Other intangible assets 609000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 45436000
Trade receivables, non-current 0
Loans, non-current 287395000
Other non-current financial assets 2373000
Total non-current financial assets 335204000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 1563054000
2 Current assets
Inventories 146360000
Current financial asset
Current investments 0
Trade receivables, current 203810000
Cash and cash equivalents 2081000
Bank balance other than cash and cash equivalents 0
Loans, current 160668000
Other current financial assets 0
Total current financial assets 366559000
Current tax assets (net) 819000
Other current assets 125043000
Total current assets 638781000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2201835000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 465000000
Other equity 533367000
Total equity attributable to owners of parent 998367000
Non controlling interest
Total equity 998367000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 166127000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 166127000
Provisions, non-current 5635000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 171762000
Current liabilities
Current financial liabilities
Borrowings, current 594561000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 112023000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 266459000
Total Trade payable 378482000
Other current financial liabilities 11008000
Total current financial liabilities 984051000
Other current liabilities 47655000
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1031706000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1203468000
Total equity and liabilites 2201835000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 899000 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -262000 0
5 Total Other comprehensive income -637000 0



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -512445000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 105154000
Adjustments for decrease (increase) in inventories 253800000
Adjustments for decrease (increase) in trade receivables, current 327947000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 37882000
Adjustments for decrease (increase) in other non-current assets -79056000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -198349000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 37962000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 63212000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -2078000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 546474000
Net cash flows from (used in) operations 34029000
Dividends received 0
Interest paid 0
Interest received -2459000
Income taxes paid (refund) 985000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 30585000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 7120000
Purchase of property, plant and equipment 77000
Proceeds from sales of investment property 6313000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2459000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 15815000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -39264000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 105154000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -144418000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -98018000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -98018000
Cash and cash equivalents cash flow statement at beginning of period 100099000
Cash and cash equivalents cash flow statement at end of period 2081000





Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Astron Paper & Board Mill Limited Mitul Tradelink Private Limited Director's Relative is Director Sale of goods or services With in Limit Approved 0 19523000 17723000
2 Astron Paper & Board Mill Limited Ivaan Sales Corporation Director's Relative is Director Sale of goods or services With in Limit Approved 0 -3101000 -4117000
3 Astron Paper & Board Mill Limited Balaram Papers Private Limited Wholly Owned Subsidiary Loan Exepmted Transaction Being with WOS 1350000 285333000 286683000
4 Astron Paper & Board Mill Limited Balaram Papers Private Limited Wholly Owned Subsidiary Purchase of goods or services Exepmted Transaction Being with WOS 10000 964000 954000
5 Astron Paper & Board Mill Limited Jyoti Industries Director's Relative is Partner Purchase of goods or services With in Limit Approved 5048000 47488000 42440000
6 Astron Paper & Board Mill Limited Ramakant Patel Director Any other transaction Rent Paid With in Limit Approved 0 255000 255000
7 Astron Paper & Board Mill Limited Ramakant Patel Director Remuneration As per Companies Act, 2013 600000 0 0
8 Astron Paper & Board Mill Limited Kirit Patel Managing Director Remuneration As per Companies Act, 2013 2400000 0 0
9 Astron Paper & Board Mill Limited Mitul patel Director's Relative Remuneration As per Companies Act, 2013 750000 0 0
10 Astron Paper & Board Mill Limited Rohit Patel CFO Remuneration As per Companies Act, 2013 900000 0 0
11 Astron Paper & Board Mill Limited Hina Patel Company Secretary Remuneration As per Companies Act, 2013 85000 0 0
12 Astron Paper & Board Mill Limited Rohit Patel CFO Remuneration As per Companies Act, 2013 2400000 0 0
13 Astron Paper & Board Mill Limited Anita Kumawat Company Secretary Remuneration As per Companies Act, 2013 25000 0 0
14 Astron Paper & Board Mill Limited Dhyanam Vyas Independent Director Any other transaction Sitting Fees As per Companies Act, 2013 25000 23000 45000
15 Astron Paper & Board Mill Limited Anand maheshwari Independent Director Any other transaction Sitting Fees As per Companies Act, 2013 105000 95000 42000
16 Astron Paper & Board Mill Limited Sudhir Maheshwari Independent Director Any other transaction Sitting Fees As per Companies Act, 2013 50000 45000 90000
17 Astron Paper & Board Mill Limited Dhiren Parikh Independent Director Any other transaction Sitting Fees As per Companies Act, 2013 15000 27000 41000
18 Astron Paper & Board Mill Limited Subhadraben Patel Director's Relative Remuneration As per Companies Act, 2013 900000 0 0
Total value of transaction during the reporting period 14663000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 787933000
B Of the total amount outstanding, amount of default as on date 787933000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 787933000