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Astron Paper & Board Mill Ltd.

BSE: 540824 Sector: Industrials
NSE: ASTRON ISIN Code: INE646X01014
BSE 00:00 | 28 Jan 47.55 0.65
(1.39%)
OPEN

47.70

HIGH

48.25

LOW

47.20

NSE 00:00 | 28 Jan 47.25 0.50
(1.07%)
OPEN

47.90

HIGH

48.45

LOW

47.00

OPEN 47.70
PREVIOUS CLOSE 46.90
VOLUME 4694
52-Week high 74.40
52-Week low 35.00
P/E 16.57
Mkt Cap.(Rs cr) 221
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 47.70
CLOSE 46.90
VOLUME 4694
52-Week high 74.40
52-Week low 35.00
P/E 16.57
Mkt Cap.(Rs cr) 221
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Astron Paper & Board Mill Ltd. (ASTRON) - Chairman Speech

Company chairman speech

At Astron Paper we transform waste paper into recycled Corrugation paper products thatare widely used in packaging industry. Our Commitment is to create sustainable productthat give value to our shareowners while protecting the planet. We recognize ourresponsibility to protect the planet and help our communities to thrive.

The World is still battling with Corona virus pandemic; due to which the economy ofmany countries has been affected. We are thankful to our government; who has taken all theprecautionary steps for the safety & betterment of the people of the country. It isclearly visible that those speedy actions as well as vaccination drives are turning outeffectively. Amongst that we are happy to inform that our company has also outperformed inmany ways. Amidst the shutdowns and disturbance in supply our company has produced159016 tons for the year against 147488 tons in Fiscal 2020. With the increase inproduction exports are undoubtedly higher than previous fiscal. Exports for the FY 2021is 44% YoY than only 13% in FY 2020.

Over the last five years we have grown revenues at a CAGR of 23% beating the Industryaverage. We are working to improve productivity & profitability with plans to launchnew value added products both for the domestic and export market. Our company was foundedon core values of trust customer success and innovation which continue to guideeverything we do.

Our goal is to emerge and rise above expectations. In order to achieve this goalAstron extends its arms towards adopting a new thought of converting 'Fiber to Container'.With this thought we aim towards expanding our functional and operational activities forthe betterment of people planet and organisation. The idea involves indulging into allsuch activities that contribute towards making containers from the raw fiber.

We feel the demand of Kraft paper is increased in day to day life due to increase inthe use of e-commerce. Also it is used in the packaging of essentials such as Food FMCGand Pharmaceuticals. Hence we are assured about the growth of the company by each passingday. With the utmost health and safety measures all the plants of the company areoperating to achieve the goal of not only management but also of all stakeholders.

On behalf of Astron Paper I would like to place my humble gratitude towards ourpartners hardworking employees loyal customers shareholders and all stakeholders withwhom we share cordial relation. Being a committed partner we value your questions ideasand feedbacks.

Kirit Patel

Chairman & Managing Director

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